Fragasso Financial Advisors Inc Sells 440 Shares of Amazon.com, Inc. $AMZN

Fragasso Financial Advisors Inc cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,427 shares of the e-commerce giant’s stock after selling 440 shares during the period. Amazon.com accounts for 0.9% of Fragasso Financial Advisors Inc’s investment portfolio, making the stock its 16th biggest position. Fragasso Financial Advisors Inc’s holdings in Amazon.com were worth $13,696,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Fiduciary Alliance LLC lifted its position in shares of Amazon.com by 8.6% during the second quarter. Fiduciary Alliance LLC now owns 148,931 shares of the e-commerce giant’s stock worth $32,674,000 after acquiring an additional 11,733 shares in the last quarter. Market Street Wealth Management Advisors LLC grew its holdings in Amazon.com by 1.6% during the 2nd quarter. Market Street Wealth Management Advisors LLC now owns 6,654 shares of the e-commerce giant’s stock valued at $1,460,000 after buying an additional 102 shares in the last quarter. Boyum Wealth Architects LLC grew its holdings in Amazon.com by 17.5% during the 2nd quarter. Boyum Wealth Architects LLC now owns 1,613 shares of the e-commerce giant’s stock valued at $354,000 after buying an additional 240 shares in the last quarter. GEM Asset Management LLC grew its holdings in Amazon.com by 9.5% during the 2nd quarter. GEM Asset Management LLC now owns 8,495 shares of the e-commerce giant’s stock valued at $1,898,000 after buying an additional 735 shares in the last quarter. Finally, Hiley Hunt Wealth Management purchased a new position in Amazon.com during the 2nd quarter valued at about $239,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Westpark Capital reiterated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. HSBC upped their price target on shares of Amazon.com from $240.00 to $256.00 in a report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Cowen restated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $263.30.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 25,097,911 shares of company stock worth $5,676,032,574. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

AMZN stock opened at $231.48 on Monday. 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 stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.55 and a beta of 1.31. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm’s 50-day moving average price is $227.81 and its two-hundred day moving average price is $209.49.

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

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.