Significant Wealth Partners LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,872 shares of the e-commerce giant’s stock after selling 231 shares during the quarter. Amazon.com comprises about 0.7% of Significant Wealth Partners LLC’s investment portfolio, making the stock its 7th biggest position. Significant Wealth Partners LLC’s holdings in Amazon.com were worth $1,508,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC boosted 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 period. Bank Pictet & Cie Europe AG increased its holdings in 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 valued at $442,481,000 after purchasing an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE raised its position in Amazon.com by 5.5% in the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $2,153,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Buying and Selling at Amazon.com
In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,798,540 shares of company stock valued at $4,273,477,287. Company insiders own 10.80% of the company’s stock.
Amazon.com Price Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data 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. 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 the consensus estimate of $161.80 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Cantor Fitzgerald increased their target price on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Pivotal Research upped their target price on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $266.26.
Get Our Latest Report on Amazon.com
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.
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