Biltmore Wealth Management LLC Sells 205 Shares of Amazon.com, Inc. $AMZN

Biltmore Wealth Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,426 shares of the e-commerce giant’s stock after selling 205 shares during the quarter. Amazon.com comprises 0.5% of Biltmore Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Biltmore Wealth Management LLC’s holdings in Amazon.com were worth $1,190,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMZN. Brighton Jones LLC boosted its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE raised its stake in Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com during the fourth quarter valued at $2,153,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 1.7%

AMZN stock opened at $227.63 on Tuesday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The business has a fifty day moving average price of $227.85 and a 200-day moving average price of $209.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market capitalization of $2.43 trillion, a P/E ratio of 34.70, a P/E/G ratio of 1.55 and a beta of 1.31.

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

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last ninety days. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. UBS Group reiterated a “buy” rating and set a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Truist Financial lifted their price objective on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Finally, Rosenblatt Securities lifted their price objective on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research note 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 stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average target price of $263.30.

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.