Veracity Capital LLC Grows Position in Amazon.com, Inc. $AMZN

Veracity Capital LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,854 shares of the e-commerce giant’s stock after purchasing an additional 361 shares during the period. Amazon.com comprises approximately 1.6% of Veracity Capital LLC’s investment portfolio, making the stock its 8th largest holding. Veracity Capital LLC’s holdings in Amazon.com were worth $4,795,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Clarus Wealth Advisors raised its stake in shares of Amazon.com by 38.5% during the 2nd quarter. Clarus Wealth Advisors now owns 7,580 shares of the e-commerce giant’s stock worth $1,663,000 after purchasing an additional 2,107 shares during the period. Lifestyle Asset Management Inc. raised its stake in Amazon.com by 20.2% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 2,203 shares of the e-commerce giant’s stock valued at $483,000 after acquiring an additional 370 shares during the period. Key Client Fiduciary Advisors LLC raised its stake in Amazon.com by 5.1% in the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 30,668 shares of the e-commerce giant’s stock valued at $6,728,000 after acquiring an additional 1,477 shares during the period. MFG Wealth Management Inc. raised its stake in Amazon.com by 2.0% in the 2nd quarter. MFG Wealth Management Inc. now owns 14,371 shares of the e-commerce giant’s stock valued at $3,153,000 after acquiring an additional 287 shares during the period. Finally, Bowman & Co S.C. raised its stake in Amazon.com by 3.3% in the 2nd quarter. Bowman & Co S.C. now owns 7,590 shares of the e-commerce giant’s stock valued at $1,665,000 after acquiring an additional 243 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, September 11th. Scotiabank boosted their price objective on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. Evercore ISI restated an “outperform” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Susquehanna boosted their price objective on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Finally, BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective on the stock in a research note on Friday, June 27th. Two investment 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 MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $263.30.

Amazon.com Stock Up 0.1%

Shares of AMZN opened at $231.48 on Monday. The firm has a market cap of $2.47 trillion, a P/E ratio of 35.29, a P/E/G ratio of 1.55 and a beta of 1.31. The stock has a 50 day simple moving average of $227.81 and a two-hundred day simple moving average of $209.49. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued 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 business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares of the company’s stock, 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 have sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last 90 days. Company insiders own 10.80% of the company’s stock.

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.