Legacy Financial Group LLC Has $3.30 Million Stake in Amazon.com, Inc. $AMZN

Legacy Financial Group LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,053 shares of the e-commerce giant’s stock after buying an additional 599 shares during the quarter. Legacy Financial Group LLC’s holdings in Amazon.com were worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Western Wealth Management LLC raised its stake in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares during the period. Flaharty Asset Management LLC raised its stake in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after buying an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com in the first quarter valued at approximately $514,000. Border to Coast Pensions Partnership Ltd raised its stake in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after buying an additional 63,924 shares during the period. Finally, Harbor Investment Advisory LLC raised its stake in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 2,145 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $219.51 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The business 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 quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.34 trillion, a PE ratio of 33.46, a PEG ratio of 1.49 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMZN. Truist Financial upped their price objective on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Cantor Fitzgerald upped their target price on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Mizuho set a $300.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Monday. Three 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 company’s stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average target price of $266.26.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated 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 completion of the transaction, the insider directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 20,845,122 shares of company stock valued at $4,731,747,929. Company insiders own 9.70% of the company’s stock.

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.