Beacon Financial Group Buys 1,691 Shares of Amazon.com, Inc. $AMZN

Beacon Financial Group lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,456 shares of the e-commerce giant’s stock after buying an additional 1,691 shares during the quarter. Beacon Financial Group’s holdings in Amazon.com were worth $7,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Reyes Financial Architecture Inc. increased its holdings in Amazon.com by 39.4% in the second quarter. Reyes Financial Architecture Inc. now owns 2,621 shares of the e-commerce giant’s stock valued at $575,000 after buying an additional 741 shares during the last quarter. Czech National Bank increased its stake in shares of Amazon.com by 6.6% in the 2nd quarter. Czech National Bank now owns 2,309,562 shares of the e-commerce giant’s stock valued at $506,695,000 after acquiring an additional 143,136 shares during the last quarter. First Financial Corp IN increased its holdings in Amazon.com by 13.0% during the second quarter. First Financial Corp IN now owns 10,843 shares of the e-commerce giant’s stock worth $2,379,000 after buying an additional 1,244 shares during the last quarter. Sandy Cove Advisors LLC lifted its holdings in shares of Amazon.com by 4.4% during the 2nd quarter. Sandy Cove Advisors LLC now owns 15,854 shares of the e-commerce giant’s stock worth $3,478,000 after acquiring an additional 662 shares during the period. Finally, Sard Wealth Management Group LLC raised its position in shares of Amazon.com by 28.6% in the 2nd quarter. Sard Wealth Management Group LLC now owns 4,854 shares of the e-commerce giant’s stock worth $1,065,000 after acquiring an additional 1,079 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMZN. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. HSBC raised their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. DA Davidson lifted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a report on Friday, August 1st. Robert W. Baird lifted their price target on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Bank of America raised their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $263.30.

Amazon.com Stock Up 0.1%

Amazon.com stock opened at $231.48 on Friday. The stock’s fifty day simple moving average is $227.81 and its 200-day simple moving average is $209.43. The firm has a market capitalization of $2.47 trillion, a P/E ratio of 35.29, a P/E/G ratio of 1.55 and a beta of 1.30. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the transaction, the chief executive officer owned 518,007 shares in the company, valued at approximately $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock worth $5,676,032,574 over the last 90 days. Insiders own 9.70% of the company’s stock.

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.