TL Private Wealth lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 4.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,930 shares of the e-commerce giant’s stock after selling 100 shares during the period. Amazon.com comprises 0.2% of TL Private Wealth’s portfolio, making the stock its 24th largest holding. TL Private Wealth’s holdings in Amazon.com were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $40,000. Capitol Family Office Inc. purchased a new position in shares of Amazon.com during the first quarter valued at approximately $42,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com during the first quarter valued at approximately $59,000. Finally, von Borstel & Associates Inc. purchased a new position in Amazon.com during the first quarter worth approximately $66,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insider Buying and Selling
In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. Corporate insiders own 9.70% of the company’s stock.
Amazon.com Trading Down 0.2%
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the prior year, the firm posted $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. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
AMZN has been the topic of a number of recent analyst reports. Scotiabank increased their price target on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. DA Davidson increased their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Truist Financial increased their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday. Pivotal Research increased their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $263.30.
Get Our Latest Analysis on Amazon.com
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.
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