BCS Wealth Management Sells 103 Shares of Amazon.com, Inc. $AMZN

BCS Wealth Management cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,734 shares of the e-commerce giant’s stock after selling 103 shares during the quarter. BCS Wealth Management’s holdings in Amazon.com were worth $3,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ridgecrest Wealth Partners LLC boosted its holdings in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after buying an additional 45 shares during the last quarter. Bare Financial Services Inc boosted its holdings in shares of Amazon.com by 5.4% in the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after buying an additional 48 shares during the last quarter. Cobblestone Asset Management LLC boosted its holdings in shares of Amazon.com by 3.1% in the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after buying an additional 50 shares during the last quarter. Seek First Inc. lifted its holdings in Amazon.com by 0.5% during the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock valued at $2,009,000 after purchasing an additional 50 shares during the last quarter. Finally, Vista Investment Partners LLC lifted its holdings in Amazon.com by 0.9% during the 2nd quarter. Vista Investment Partners LLC now owns 5,859 shares of the e-commerce giant’s stock valued at $1,285,000 after purchasing an additional 52 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Scotiabank raised their price target on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a report on Wednesday, September 24th. Stifel Nicolaus raised their price target on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Susquehanna raised their price target on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a report on Friday, August 1st. Finally, Citigroup reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $266.26.

Amazon.com Trading Down 1.3%

Shares of AMZN stock opened at $219.51 on Friday. The company has a market cap of $2.34 trillion, a P/E ratio of 33.46, a PEG ratio of 1.49 and a beta of 1.28. The stock has a 50 day simple moving average of $226.55 and a two-hundred day simple moving average of $211.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

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. The business 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 firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the transaction, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,845,122 shares of company stock valued at $4,731,747,929 in the last three months. Insiders own 9.70% of the company’s stock.

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.