Amazon.com, Inc. $AMZN Shares Sold by Edge Wealth Management LLC

Edge Wealth Management LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,152 shares of the e-commerce giant’s stock after selling 59 shares during the period. Amazon.com comprises approximately 0.9% of Edge Wealth Management LLC’s holdings, making the stock its 29th largest holding. Edge Wealth Management LLC’s holdings in Amazon.com were worth $4,426,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Western Wealth Management LLC increased its position 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 worth $26,660,000 after buying an additional 1,297 shares during the period. Flaharty Asset Management LLC increased its position in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after buying an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com in the first quarter worth $514,000. McIlrath & Eck LLC increased its position in Amazon.com by 8.8% in the fourth quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant’s stock worth $4,058,000 after buying an additional 1,490 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 2,145 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm’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 completion of the sale, the chief executive officer directly owned 518,007 shares in the company, valued at approximately $115,769,384.43. This trade represents a 0.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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. 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.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AMZN shares. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Moffett Nathanson increased their target price on Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an “outperform” rating in a research report on Tuesday, July 1st. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, DA Davidson increased their price target on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $264.13.

Amazon.com Trading Up 1.1%

Shares of AMZN stock opened at $222.17 on Tuesday. The stock has a 50-day simple moving average of $227.30 and a 200 day simple moving average of $210.52. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.37 trillion, a P/E ratio of 33.87, a P/E/G ratio of 1.47 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter last year, the business posted $1.26 earnings per share. The company’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 fiscal year.

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.