Instrumental Wealth LLC Sells 498 Shares of Amazon.com, Inc. $AMZN

Instrumental Wealth LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,180 shares of the e-commerce giant’s stock after selling 498 shares during the quarter. Amazon.com comprises approximately 1.1% of Instrumental Wealth LLC’s holdings, making the stock its 17th largest holding. Instrumental Wealth LLC’s holdings in Amazon.com were worth $1,399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMZN. Kingstone Capital Partners Texas LLC boosted its stake in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $11,674,091,000. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 30,104,520 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 purchasing an additional 10,176,835 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of 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 purchasing an additional 8,913,959 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $225.22 on Thursday. The stock has a market capitalization of $2.40 trillion, a P/E ratio of 34.33, a P/E/G ratio of 1.48 and a beta of 1.28. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $226.03 and a two-hundred day moving average price of $211.58.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s 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 transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This represents a 0.90% 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 worth $4,164,795,815 over the last quarter. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMZN shares. Truist Financial boosted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. UBS Group reiterated a “buy” rating and set a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Finally, Pivotal Research upped their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Three equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $266.26.

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.