Gradient Investments LLC Has $120.73 Million Position in Amazon.com, Inc. $AMZN

Gradient Investments LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 550,308 shares of the e-commerce giant’s stock after purchasing an additional 6,949 shares during the period. Amazon.com comprises about 2.2% of Gradient Investments LLC’s investment portfolio, making the stock its 4th biggest holding. Gradient Investments LLC’s holdings in Amazon.com were worth $120,732,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the first quarter worth $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the first quarter worth $40,000. Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the first quarter worth $42,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Amazon.com in the first quarter worth $59,000. Finally, von Borstel & Associates Inc. bought a new stake in shares of Amazon.com in the first quarter worth $66,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $231.23 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization 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. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The business’s 50-day moving average is $227.68 and its 200 day moving average is $209.23.

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 analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for 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 firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock valued at $5,676,032,574 in the last ninety days. Company insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Rosenblatt Securities lifted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Bank of America lifted their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Monness Crespi & Hardt lifted their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Wedbush boosted their price target on Amazon.com from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $263.30.

Amazon.com Company Profile

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.