Amazon.com, Inc. $AMZN Shares Acquired by Abound Wealth Management

Abound Wealth Management lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,762 shares of the e-commerce giant’s stock after buying an additional 737 shares during the quarter. Amazon.com makes up approximately 0.7% of Abound Wealth Management’s investment portfolio, making the stock its 26th largest position. Abound Wealth Management’s holdings in Amazon.com were worth $2,361,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth approximately $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the first quarter worth approximately $42,000. Finally, Ryan Investment Management Inc. purchased a new stake in shares of Amazon.com during the second quarter worth approximately $48,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on AMZN shares. Oppenheimer dropped their price target on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Evercore ISI reiterated an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research report on Wednesday, August 13th. Moffett Nathanson boosted their price target on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Citizens Jmp started coverage on Amazon.com in a research report on Thursday, July 10th. They set a “strong-buy” rating for the company. Finally, Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $264.13.

Amazon.com Stock Performance

NASDAQ AMZN opened at $222.17 on Tuesday. The stock has a market cap of $2.37 trillion, a PE ratio of 33.87, a P/E/G ratio of 1.47 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a fifty day simple moving average of $227.30 and a 200-day simple moving average of $210.52.

Amazon.com (NASDAQ:AMZN) last released 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. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 21,770,485 shares of company stock worth $4,938,795,968. Corporate insiders own 10.80% of the company’s stock.

Amazon.com 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.