Masso Torrence Wealth Management Inc. Has $6.67 Million Stake in Amazon.com, Inc. $AMZN

Masso Torrence Wealth Management Inc. decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,380 shares of the e-commerce giant’s stock after selling 1,071 shares during the quarter. Amazon.com accounts for about 3.1% of Masso Torrence Wealth Management Inc.’s portfolio, making the stock its 11th largest position. Masso Torrence Wealth Management Inc.’s holdings in Amazon.com were worth $6,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Bare Financial Services Inc raised its holdings in Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after acquiring an additional 48 shares during the period. Cobblestone Asset Management LLC raised its holdings in Amazon.com by 3.1% during the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after acquiring an additional 50 shares during the period. Vista Investment Partners LLC raised its holdings in Amazon.com by 0.9% during 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 acquiring an additional 52 shares during the period. Stonekeep Investments LLC raised its holdings in Amazon.com by 0.4% during the second quarter. Stonekeep Investments LLC now owns 13,811 shares of the e-commerce giant’s stock valued at $3,030,000 after acquiring an additional 54 shares during the period. Finally, SWAN Capital LLC raised its holdings in Amazon.com by 3.1% during the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after acquiring an additional 55 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.2%

Shares of NASDAQ AMZN opened at $219.57 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market cap of $2.34 trillion, a P/E ratio of 33.47, a PEG ratio of 1.48 and a beta of 1.30. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a 50-day simple moving average of $227.14 and a two-hundred day simple moving average of $210.58.

Amazon.com (NASDAQ:AMZN) last announced 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 business 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 firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,770,485 shares of company stock valued at $4,938,795,968 over the last quarter. Corporate insiders own 10.80% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. DA Davidson raised their price objective on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. JMP Securities restated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Finally, Rosenblatt Securities raised their price objective on Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report 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 issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $265.09.

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.