Armstrong Advisory Group Inc. Has $7.79 Million Holdings in Amazon.com, Inc. $AMZN

Armstrong Advisory Group Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,492 shares of the e-commerce giant’s stock after selling 954 shares during the quarter. Amazon.com accounts for approximately 0.6% of Armstrong Advisory Group Inc.’s holdings, making the stock its 27th largest holding. Armstrong Advisory Group Inc.’s holdings in Amazon.com were worth $7,787,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $25,000. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $40,000. Finally, Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.2%

Shares of AMZN stock opened at $219.57 on Wednesday. The firm has a 50 day moving average price of $227.14 and a two-hundred day moving average price of $210.58. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market capitalization 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. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate 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 for the quarter 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. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders sold 21,770,485 shares of company stock valued at $4,938,795,968. Company insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, September 10th. Moffett Nathanson lifted their price target on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Piper Sandler raised their price objective on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Wednesday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $265.09.

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.