Golden State Equity Partners Boosts Stake in Amazon.com, Inc. $AMZN

Golden State Equity Partners boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 18.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,549 shares of the e-commerce giant’s stock after acquiring an additional 8,907 shares during the period. Amazon.com accounts for about 2.3% of Golden State Equity Partners’ portfolio, making the stock its 4th biggest position. Golden State Equity Partners’ holdings in Amazon.com were worth $12,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the business. Cherrydale Wealth Management LLC boosted its holdings in shares of Amazon.com by 4.8% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 11,308 shares of the e-commerce giant’s stock valued at $2,481,000 after purchasing an additional 514 shares in the last quarter. Lederer & Associates Investment Counsel CA boosted its holdings in shares of Amazon.com by 1.4% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 23,465 shares of the e-commerce giant’s stock valued at $5,148,000 after purchasing an additional 327 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Amazon.com by 0.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 39,520 shares of the e-commerce giant’s stock valued at $8,670,000 after purchasing an additional 366 shares in the last quarter. Oliver Luxxe Assets LLC boosted its holdings in shares of Amazon.com by 2.1% in the 2nd quarter. Oliver Luxxe Assets LLC now owns 35,911 shares of the e-commerce giant’s stock valued at $7,879,000 after purchasing an additional 746 shares in the last quarter. Finally, Chris Bulman Inc boosted its holdings in shares of Amazon.com by 22.1% in the 2nd quarter. Chris Bulman Inc now owns 2,328 shares of the e-commerce giant’s stock valued at $511,000 after purchasing an additional 421 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was 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 directly owned 518,007 shares of the company’s stock, valued at $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Shelley Reynolds sold 2,715 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,842,622 shares of company stock valued at $4,731,205,179. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 0.5%

AMZN stock opened at $220.63 on Thursday. The stock’s 50 day simple moving average is $226.99 and its 200 day simple moving average is $210.65. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market cap of $2.35 trillion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 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 return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMZN. BMO Capital Markets raised their target price on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Monness Crespi & Hardt raised their target price on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 1st. Oppenheimer cut their price objective on Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Finally, UBS Group reissued a “buy” rating and set a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus 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.