Amazon.com, Inc. $AMZN Stake Lifted by Seaside Wealth Management Inc.

Seaside Wealth Management Inc. grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,038 shares of the e-commerce giant’s stock after purchasing an additional 152 shares during the period. Seaside Wealth Management Inc.’s holdings in Amazon.com were worth $447,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Systrade AG acquired a new position in shares of Amazon.com during the second quarter valued at $6,688,000. Pallas Capital Advisors LLC increased its holdings in shares of Amazon.com by 0.3% during the second quarter. Pallas Capital Advisors LLC now owns 235,976 shares of the e-commerce giant’s stock valued at $51,771,000 after purchasing an additional 721 shares during the period. GSG Advisors LLC increased its holdings in shares of Amazon.com by 1.6% during the second quarter. GSG Advisors LLC now owns 25,234 shares of the e-commerce giant’s stock valued at $5,536,000 after purchasing an additional 393 shares during the period. Mirador Capital Partners LP increased its holdings in shares of Amazon.com by 1.7% during the second quarter. Mirador Capital Partners LP now owns 101,483 shares of the e-commerce giant’s stock valued at $22,264,000 after purchasing an additional 1,682 shares during the period. Finally, Baron Wealth Management LLC increased its holdings in shares of Amazon.com by 20.5% during the second quarter. Baron Wealth Management LLC now owns 13,774 shares of the e-commerce giant’s stock valued at $3,022,000 after purchasing an additional 2,346 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 3.0%

AMZN opened at $220.71 on Wednesday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The business has a 50-day moving average of $227.74 and a 200-day moving average of $209.76. 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 company has a market capitalization of $2.35 trillion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30.

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 analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the business earned $1.26 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. 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 Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was 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 of the company’s stock, valued at $26,548,039.20. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. 10.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AMZN shares. Wells Fargo & Company raised their price target on Amazon.com from $238.00 to $245.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. JPMorgan Chase & Co. raised their target price on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, September 11th. Finally, Oppenheimer decreased their target price on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus 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.