AdvisorNet Financial Inc Raises Position in Amazon.com, Inc. $AMZN

AdvisorNet Financial Inc lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,520 shares of the e-commerce giant’s stock after buying an additional 366 shares during the quarter. AdvisorNet Financial Inc’s holdings in Amazon.com were worth $8,670,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com in the 4th quarter worth $25,000. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter worth about $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter worth about $40,000. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction that occurred 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 owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 20,842,622 shares of company stock valued at $4,731,205,179 over the last three months. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $220.63 on Thursday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. 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 business’s 50-day moving average price is $226.99 and its two-hundred day moving average price is $210.65. The stock has a market cap of $2.35 trillion, a PE ratio of 33.63, a P/E/G ratio of 1.47 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) 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 company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The firm’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Susquehanna boosted their target price on shares of Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, August 1st. BMO Capital Markets upped their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. JMP Securities reiterated a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, Westpark Capital reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $265.09.

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.