Hidden Cove Wealth Management LLC Reduces Stock Holdings in Amazon.com, Inc. $AMZN

Hidden Cove Wealth Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,321 shares of the e-commerce giant’s stock after selling 653 shares during the quarter. Amazon.com comprises approximately 1.3% of Hidden Cove Wealth Management LLC’s portfolio, making the stock its 18th biggest position. Hidden Cove Wealth Management LLC’s holdings in Amazon.com were worth $1,826,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Eaton Financial Holdings Company LLC lifted its stake in Amazon.com by 24.4% in the second quarter. Eaton Financial Holdings Company LLC now owns 27,161 shares of the e-commerce giant’s stock worth $5,959,000 after acquiring an additional 5,332 shares during the period. Boyd Wealth Management LLC lifted its holdings in Amazon.com by 45.9% in the second quarter. Boyd Wealth Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $1,116,000 after buying an additional 1,600 shares during the period. Family Investment Center Inc. purchased a new stake in Amazon.com in the second quarter worth about $562,000. Kelly Financial Group LLC lifted its holdings in Amazon.com by 1.4% in the second quarter. Kelly Financial Group LLC now owns 6,667 shares of the e-commerce giant’s stock worth $1,463,000 after buying an additional 95 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its holdings in Amazon.com by 4.4% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 9,514 shares of the e-commerce giant’s stock worth $2,087,000 after buying an additional 405 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Stifel Nicolaus raised their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Wells Fargo & Company raised Amazon.com from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $245.00 to $280.00 in a research report on Wednesday, September 24th. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Evercore ISI reissued an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Three research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $265.09.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the 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 owned 518,007 shares of the company’s stock, valued at $115,769,384.43. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,842,622 shares of company stock worth $4,731,205,179 over the last three months. 9.70% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $222.41 on Friday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a market cap of $2.37 trillion, a P/E ratio of 33.90, a PEG ratio of 1.47 and a beta of 1.28. The company has a 50 day moving average of $226.79 and a 200 day moving average of $210.83. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts expect 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.