Archer Investment Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 10.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,453 shares of the e-commerce giant’s stock after purchasing an additional 135 shares during the period. Archer Investment Management LLC’s holdings in Amazon.com were worth $319,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Western Wealth Management LLC lifted its holdings in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after acquiring an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC lifted its holdings in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter worth $514,000. McIlrath & Eck LLC lifted its holdings in shares of Amazon.com by 8.8% during the 4th quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant’s stock worth $4,058,000 after acquiring an additional 1,490 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock worth $58,000 after acquiring an additional 2,145 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Insider Buying and Selling at Amazon.com
In related news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the sale, the chief executive officer directly owned 518,007 shares in the company, valued at $115,769,384.43. The trade was a 0.48% 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 three months. 10.80% of the stock is currently owned by corporate insiders.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Evercore ISI reissued an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Citizens Jmp assumed coverage on shares of Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating for the company. Scotiabank boosted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $263.30.
Check Out Our Latest Research Report on AMZN
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.
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