McGlone Suttner Wealth Management Inc. Buys 288 Shares of Amazon.com, Inc. $AMZN

McGlone Suttner Wealth Management Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,113 shares of the e-commerce giant’s stock after acquiring an additional 288 shares during the period. Amazon.com accounts for about 0.4% of McGlone Suttner Wealth Management Inc.’s holdings, making the stock its 26th biggest position. McGlone Suttner Wealth Management Inc.’s holdings in Amazon.com were worth $2,657,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Chapin Davis Inc. raised its position in Amazon.com by 6.0% in the second quarter. Chapin Davis Inc. now owns 42,970 shares of the e-commerce giant’s stock worth $9,427,000 after acquiring an additional 2,425 shares during the period. GAMMA Investing LLC raised its position in Amazon.com by 14.4% in the second quarter. GAMMA Investing LLC now owns 181,843 shares of the e-commerce giant’s stock worth $39,895,000 after acquiring an additional 22,876 shares during the period. S.A. Mason LLC raised its position in Amazon.com by 4.5% in the second quarter. S.A. Mason LLC now owns 5,025 shares of the e-commerce giant’s stock worth $1,102,000 after acquiring an additional 216 shares during the period. Ridgewood Investments LLC raised its position in Amazon.com by 6.8% in the second quarter. Ridgewood Investments LLC now owns 6,637 shares of the e-commerce giant’s stock worth $1,456,000 after acquiring an additional 425 shares during the period. Finally, Clear Harbor Asset Management LLC raised its position in Amazon.com by 0.5% in the second quarter. Clear Harbor Asset Management LLC now owns 100,251 shares of the e-commerce giant’s stock worth $21,994,000 after acquiring an additional 488 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total value of $558,725.00. Following the completion of the sale, the chief executive officer owned 518,007 shares of the company’s stock, valued at approximately $115,769,384.43. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction 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 directly owned 49,000 shares of the company’s stock, valued at $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,770,485 shares of company stock worth $4,938,795,968 in the last ninety days. 10.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. BNP Paribas Exane raised shares of Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price target on the stock in a research report on Friday, June 27th. BMO Capital Markets boosted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Bank of America boosted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company raised shares of Amazon.com from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $245.00 to $280.00 in a research report on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $265.09.

Amazon.com Price Performance

AMZN stock 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. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock has a market cap of $2.34 trillion, a PE ratio of 33.47, a P/E/G ratio of 1.48 and a beta of 1.30. 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 released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.