Cove Private Wealth LLC Buys 18,509 Shares of Amazon.com, Inc. $AMZN

Cove Private Wealth LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 41.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,599 shares of the e-commerce giant’s stock after purchasing an additional 18,509 shares during the period. Amazon.com comprises about 4.9% of Cove Private Wealth LLC’s investment portfolio, making the stock its 4th biggest position. Cove Private Wealth LLC’s holdings in Amazon.com were worth $13,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. acquired a new stake in shares of Amazon.com during the 1st quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. boosted its position in shares of Amazon.com by 81.9% during the 2nd 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,313,335 shares of company stock valued at $4,164,795,815 over the last 90 days. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 1.6%

AMZN opened at $225.22 on Thursday. 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 company has a market cap of $2.40 trillion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. The firm has a 50 day simple moving average of $226.03 and a 200 day simple moving average of $211.58. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of several recent research reports. Mizuho set a $300.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research report on Monday, September 29th. UBS Group reiterated a “buy” rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Royal Bank Of Canada boosted 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. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $265.00 price target on shares of Amazon.com in a research report on Wednesday, September 24th. Three research 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 MarketBeat, the company has an average rating of “Buy” and an average target price 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.