BNC Wealth Management LLC Sells 1,700 Shares of Amazon.com, Inc. $AMZN

BNC Wealth Management LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,982 shares of the e-commerce giant’s stock after selling 1,700 shares during the quarter. Amazon.com makes up approximately 7.9% of BNC Wealth Management LLC’s portfolio, making the stock its 2nd biggest position. BNC Wealth Management LLC’s holdings in Amazon.com were worth $26,542,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMZN. Brighton Jones LLC raised its position in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after acquiring an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE raised its position in shares of Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in shares of Amazon.com in the 4th quarter worth about $2,153,000. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’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 transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 20,845,122 shares of company stock valued at $4,731,747,929. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Bank of America lifted their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Scotiabank lifted their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. BMO Capital Markets lifted their price objective on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. JMP Securities reissued a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Finally, Rosenblatt Securities lifted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $266.26.

Amazon.com Stock Performance

Shares of AMZN opened at $219.51 on Friday. 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 stock has a 50 day moving average price of $226.55 and a two-hundred day moving average price of $211.02. The firm has a market capitalization of $2.34 trillion, a P/E ratio of 33.46, a P/E/G ratio of 1.49 and a beta of 1.28. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced 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 firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.