Encompass Wealth Advisors LLC Decreases Holdings in Amazon.com, Inc. $AMZN

Encompass Wealth Advisors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,748 shares of the e-commerce giant’s stock after selling 167 shares during the period. Amazon.com comprises approximately 1.3% of Encompass Wealth Advisors LLC’s holdings, making the stock its 17th largest position. Encompass Wealth Advisors LLC’s holdings in Amazon.com were worth $3,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Ridgecrest Wealth Partners LLC raised its position in Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after purchasing an additional 45 shares during the period. Bare Financial Services Inc grew its stake in Amazon.com by 5.4% in the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after acquiring an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC grew its stake in Amazon.com by 1.2% in the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after acquiring an additional 48 shares in the last quarter. Cobblestone Asset Management LLC grew its stake in Amazon.com by 3.1% in the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after acquiring an additional 50 shares in the last quarter. Finally, Seek First Inc. grew its stake in Amazon.com by 0.5% in the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the firm’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 sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 14,040,098 shares of company stock valued at $3,204,129,405 over the last quarter. Insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $227.74 on Friday. The company has a market cap of $2.43 trillion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 1.51 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 company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $225.90 and a two-hundred day moving average of $211.75.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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 company 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 was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, September 19th. Citigroup restated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Monness Crespi & Hardt upped their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. DA Davidson upped their target price on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Westpark Capital reiterated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Three 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. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average 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.