Amazon.com, Inc. $AMZN Shares Bought by Sweeney & Michel LLC

Sweeney & Michel LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,578 shares of the e-commerce giant’s stock after purchasing an additional 95 shares during the quarter. Amazon.com accounts for 1.1% of Sweeney & Michel LLC’s portfolio, making the stock its 22nd largest position. Sweeney & Michel LLC’s holdings in Amazon.com were worth $3,055,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Bare Financial Services Inc increased its holdings in shares of Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after purchasing an additional 48 shares during the last quarter. Cobblestone Asset Management LLC increased its holdings in shares of Amazon.com by 3.1% in the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after purchasing an additional 50 shares during the last quarter. Vista Investment Partners LLC increased its holdings in shares of Amazon.com by 0.9% in the second quarter. Vista Investment Partners LLC now owns 5,859 shares of the e-commerce giant’s stock valued at $1,285,000 after purchasing an additional 52 shares during the last quarter. Stonekeep Investments LLC increased its holdings in shares of Amazon.com by 0.4% in the second quarter. Stonekeep Investments LLC now owns 13,811 shares of the e-commerce giant’s stock valued at $3,030,000 after purchasing an additional 54 shares during the last quarter. Finally, SWAN Capital LLC increased its holdings in shares of Amazon.com by 3.1% in the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after purchasing an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Pivotal Research increased their price target on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Monness Crespi & Hardt increased their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, DA Davidson increased their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Two equities 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 currently has an average rating of “Buy” and an average price target of $265.09.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total value 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 trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 21,770,485 shares of company stock valued at $4,938,795,968 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Amazon.com Trading Down 1.2%

NASDAQ:AMZN opened at $219.57 on Wednesday. The firm has a market cap of $2.34 trillion, a PE ratio of 33.47, a price-to-earnings-growth ratio of 1.48 and a beta of 1.30. The stock has a fifty day moving average price of $227.14 and a 200 day moving average price of $210.58. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. 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 (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.