GK Wealth Management LLC Raises Stake in Amazon.com, Inc. $AMZN

GK Wealth Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,453 shares of the e-commerce giant’s stock after purchasing an additional 1,900 shares during the quarter. Amazon.com makes up approximately 5.0% of GK Wealth Management LLC’s investment portfolio, making the stock its largest holding. GK Wealth Management LLC’s holdings in Amazon.com were worth $5,584,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Western Wealth Management LLC increased its position in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after acquiring an additional 1,297 shares during the period. Flaharty Asset Management LLC increased its position in Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in Amazon.com during the first quarter worth about $514,000. Bearing Point Capital LLC bought a new position in Amazon.com during the fourth quarter worth about $12,014,000. Finally, Colonial Trust Co SC increased its position in Amazon.com by 5.9% during the fourth quarter. Colonial Trust Co SC now owns 61,074 shares of the e-commerce giant’s stock worth $13,399,000 after acquiring an additional 3,413 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMZN shares. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Roth Capital set a $250.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Rosenblatt Securities raised their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, HSBC raised their target price on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $263.30.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In 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 insiders.

Amazon.com Stock Down 0.2%

NASDAQ:AMZN opened at $231.23 on Friday. The firm’s 50 day simple moving average is $227.68 and its 200 day simple moving average is $209.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company has a market cap of $2.47 trillion, a PE ratio of 35.25, a P/E/G ratio of 1.55 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the company earned $1.26 EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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.