StoneCrest Wealth Management Inc. Decreases Stock Holdings in Amazon.com, Inc. $AMZN

StoneCrest Wealth Management Inc. reduced its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,687 shares of the e-commerce giant’s stock after selling 149 shares during the quarter. Amazon.com accounts for 3.0% of StoneCrest Wealth Management Inc.’s portfolio, making the stock its 11th largest position. StoneCrest Wealth Management Inc.’s holdings in Amazon.com were worth $6,294,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in shares of Amazon.com by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 4,049,905 shares of the e-commerce giant’s stock valued at $888,509,000 after purchasing an additional 28,581 shares during the period. Chronos Wealth Management LLC boosted its stake in shares of Amazon.com by 0.6% in the second quarter. Chronos Wealth Management LLC now owns 54,863 shares of the e-commerce giant’s stock valued at $12,036,000 after purchasing an additional 327 shares during the period. Lynch & Associates IN boosted its stake in shares of Amazon.com by 5.2% in the second quarter. Lynch & Associates IN now owns 22,516 shares of the e-commerce giant’s stock valued at $4,940,000 after purchasing an additional 1,103 shares during the period. Alhambra Investment Management LLC boosted its stake in shares of Amazon.com by 1.4% in the second quarter. Alhambra Investment Management LLC now owns 5,608 shares of the e-commerce giant’s stock valued at $1,230,000 after purchasing an additional 78 shares during the period. Finally, Buttonwood Financial Advisors Inc. boosted its stake in shares of Amazon.com by 5.7% in the second quarter. Buttonwood Financial Advisors Inc. now owns 24,748 shares of the e-commerce giant’s stock valued at $5,429,000 after purchasing an additional 1,345 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Friday. Telsey Advisory Group restated an “outperform” rating and issued a $265.00 target price on shares of Amazon.com in a research note on Wednesday, September 24th. Rosenblatt Securities upped their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, September 11th. Finally, Wolfe Research increased their price objective on shares of Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $266.26.

Amazon.com Stock Down 1.3%

Amazon.com stock opened at $219.51 on Friday. The company has a 50-day simple moving average of $226.55 and a 200-day simple moving average of $211.13. The firm has a market capitalization of $2.34 trillion, a P/E ratio of 33.46, a P/E/G ratio of 1.47 and a beta of 1.28. 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 one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 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 net margin of 10.54% and a return on equity of 23.84%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions 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 in the company, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 20,845,122 shares of company stock valued at $4,731,747,929. Corporate 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.