Sandy Cove Advisors LLC Has $3.48 Million Position in Amazon.com, Inc. $AMZN

Sandy Cove Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,854 shares of the e-commerce giant’s stock after buying an additional 662 shares during the period. Amazon.com accounts for about 1.3% of Sandy Cove Advisors LLC’s portfolio, making the stock its 19th largest holding. Sandy Cove Advisors LLC’s holdings in Amazon.com were worth $3,478,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sard Wealth Management Group LLC increased its stake in shares of Amazon.com by 28.6% during 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 purchasing an additional 1,079 shares during the last quarter. ACT Wealth Management LLC grew its stake in Amazon.com by 57.1% in the 2nd quarter. ACT Wealth Management LLC now owns 1,958 shares of the e-commerce giant’s stock valued at $430,000 after buying an additional 712 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Amazon.com by 1.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 482,938 shares of the e-commerce giant’s stock valued at $105,952,000 after buying an additional 6,112 shares during the last quarter. Melone Private Wealth LLC acquired a new position in Amazon.com in the 2nd quarter valued at about $223,000. Finally, Strategic Advocates LLC grew its stake in Amazon.com by 5.5% in the 2nd quarter. Strategic Advocates LLC now owns 22,946 shares of the e-commerce giant’s stock valued at $5,034,000 after buying an additional 1,206 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 0.1%

Shares of NASDAQ AMZN opened at $231.48 on Friday. 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 firm’s fifty day moving average is $227.81 and its 200 day moving average is $209.43. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.55 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued 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 company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMZN. Citizens Jmp began coverage on shares of Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Barclays boosted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Friday, August 1st. HSBC boosted their price objective on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $263.30.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction 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 directly owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. 9.70% of the stock is owned by insiders.

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.