Thrive Wealth Management LLC Acquires 731 Shares of Amazon.com, Inc. $AMZN

Thrive Wealth Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,529 shares of the e-commerce giant’s stock after acquiring an additional 731 shares during the quarter. Amazon.com comprises about 0.7% of Thrive Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position. Thrive Wealth Management LLC’s holdings in Amazon.com were worth $4,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at $25,000. Cooksen Wealth LLC bought a new position in Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the 1st quarter valued at about $42,000. Finally, Harbor Investment Advisory LLC grew its stake in shares of Amazon.com by 0.7% during the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 2,145 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.7%

Amazon.com stock opened at $227.63 on Tuesday. 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 price-to-earnings ratio of 34.70, a PEG ratio of 1.55 and a beta of 1.31. 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.

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

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,715 shares of Amazon.com 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 completion of the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. Piper Sandler upped their target price on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Susquehanna upped their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Two research 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. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and an average price target of $263.30.

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.