Legacy Capital Group California Inc. Acquires 6,658 Shares of Amazon.com, Inc. $AMZN

Legacy Capital Group California Inc. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 146.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,212 shares of the e-commerce giant’s stock after acquiring an additional 6,658 shares during the quarter. Amazon.com accounts for approximately 0.7% of Legacy Capital Group California Inc.’s holdings, making the stock its 23rd largest position. Legacy Capital Group California Inc.’s holdings in Amazon.com were worth $2,460,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Kingstone Capital Partners Texas LLC raised its stake in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the last quarter. Nuveen LLC purchased a new stake in Amazon.com during the 1st quarter valued at $11,674,091,000. GAMMA Investing LLC raised its stake in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Amazon.com in the 4th quarter worth $2,037,963,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.5%

Shares of NASDAQ:AMZN opened at $220.63 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a 50-day moving average price of $226.99 and a 200 day moving average price of $210.65. The company has a market cap of $2.35 trillion, a price-to-earnings ratio of 33.63, a PEG ratio of 1.47 and a beta of 1.28.

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

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The shares were 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 approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 20,842,622 shares of company stock valued at $4,731,205,179. 9.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Citizens Jmp began coverage on Amazon.com in a research note on Thursday, July 10th. They issued a “strong-buy” rating for the company. Westpark Capital reiterated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. UBS Group reiterated a “buy” rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Finally, Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $245.00 to $280.00 in a research note on Wednesday, September 24th. Three analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.