Amazon.com, Inc. $AMZN Shares Purchased by Abacus Wealth Partners LLC

Abacus Wealth Partners LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,030 shares of the e-commerce giant’s stock after acquiring an additional 684 shares during the quarter. Amazon.com accounts for about 0.2% of Abacus Wealth Partners LLC’s holdings, making the stock its 23rd biggest holding. Abacus Wealth Partners LLC’s holdings in Amazon.com were worth $1,323,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC raised its holdings in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC raised its holdings in Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com during the first quarter worth approximately $514,000. McIlrath & Eck LLC raised its holdings in Amazon.com by 8.8% during the fourth quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant’s stock worth $4,058,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in 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 worth $58,000 after purchasing an additional 2,145 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AMZN shares. Piper Sandler raised their price objective on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, September 10th. Royal Bank Of Canada raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Scotiabank raised their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $264.13.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $222.17 on Tuesday. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 33.87, a PEG ratio of 1.47 and a beta of 1.31. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The company’s fifty day moving average is $227.30 and its two-hundred day moving average is $210.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

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

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were 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 approximately $115,769,384.43. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s 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 in the company, 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. In the last ninety days, insiders sold 21,770,485 shares of company stock worth $4,938,795,968. 10.80% of the stock is currently owned by insiders.

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.