Amazon.com, Inc. $AMZN Shares Sold by Bard Financial Services Inc.

Bard Financial Services Inc. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,090 shares of the e-commerce giant’s stock after selling 325 shares during the quarter. Amazon.com comprises 1.4% of Bard Financial Services Inc.’s investment portfolio, making the stock its 16th biggest holding. Bard Financial Services Inc.’s holdings in Amazon.com were worth $11,428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Western Wealth Management LLC raised its stake in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after buying an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC raised its stake in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after buying an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter worth approximately $514,000. Bearing Point Capital LLC purchased a new position in shares of Amazon.com during the 4th quarter worth approximately $12,014,000. Finally, Colonial Trust Co SC raised its stake in shares of Amazon.com by 5.9% during the 4th quarter. Colonial Trust Co SC now owns 61,074 shares of the e-commerce giant’s stock worth $13,399,000 after buying an additional 3,413 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Susquehanna increased their target price on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $263.30.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $231.23 on Friday. The company has a market cap of $2.47 trillion, a P/E ratio of 35.25, a P/E/G ratio of 1.55 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The business has a fifty day simple moving average of $227.68 and a 200-day simple moving average of $209.23.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.