Amazon.com, Inc. $AMZN Stake Lifted by Kingsman Wealth Management Inc.

Kingsman Wealth Management Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 66,136 shares of the e-commerce giant’s stock after purchasing an additional 2,020 shares during the period. Amazon.com accounts for approximately 9.0% of Kingsman Wealth Management Inc.’s portfolio, making the stock its 3rd biggest holding. Kingsman Wealth Management Inc.’s holdings in Amazon.com were worth $14,510,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC raised its holdings in Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the period. Nuveen LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $11,674,091,000. GAMMA Investing LLC raised its holdings in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock valued at $5,754,425,000 after buying an additional 30,104,520 shares during the period. Goldman Sachs Group Inc. raised its holdings in Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after buying an additional 10,176,835 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 18,697,459 shares of company stock valued at $4,250,847,273. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $220.90 on Tuesday. The company has a market capitalization of $2.36 trillion, a P/E ratio of 33.67, a PEG ratio of 1.47 and a beta of 1.28. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The business has a 50 day simple moving average of $226.31 and a 200-day simple moving average of $211.41. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMZN shares. Wolfe Research lifted their price objective on shares of Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. Royal Bank Of Canada raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. BMO Capital Markets upped 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. Stifel Nicolaus increased their price objective on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Cantor Fitzgerald lifted their target price on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $266.26.

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.