Colton Groome Financial Advisors LLC Raises Position in Amazon.com, Inc. $AMZN

Colton Groome Financial Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,303 shares of the e-commerce giant’s stock after purchasing an additional 358 shares during the quarter. Colton Groome Financial Advisors LLC’s holdings in Amazon.com were worth $1,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $40,000. Maryland Capital Advisors Inc. increased its position in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the first quarter valued at approximately $42,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMZN shares. Sanford C. Bernstein set a $235.00 price target on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. BMO Capital Markets increased their price target on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Susquehanna increased their price target on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. DA Davidson increased their price target on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Robert W. Baird increased their price target on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $266.26.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares of the company’s stock, valued at approximately $111,916,569.70. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,697,459 shares of company stock valued at $4,250,847,273 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Amazon.com stock opened at $220.90 on Tuesday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The business has a fifty day moving average price of $226.31 and a 200-day moving average price of $211.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm 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 (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS 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 during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.