Alliance Wealth Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,766 shares of the e-commerce giant’s stock after purchasing an additional 445 shares during the period. Amazon.com comprises approximately 0.9% of Alliance Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest holding. Alliance Wealth Advisors LLC’s holdings in Amazon.com were worth $1,704,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC lifted its position 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 acquiring an additional 132,616,953 shares during the last quarter. Nuveen LLC acquired a new stake in Amazon.com during the first quarter worth approximately $11,674,091,000. Goldman Sachs Group Inc. lifted its position in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. lifted its position in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Finally, Amundi lifted its position in Amazon.com by 15.1% during the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after acquiring an additional 7,267,277 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Insider Transactions at Amazon.com
In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Wednesday, October 1st. The shares were 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 directly owned 515,507 shares of the company’s stock, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,864,716 shares of company stock valued at $2,486,013,854. 10.80% of the stock is owned by insiders.
Amazon.com Stock Up 1.7%
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the business earned $1.26 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on AMZN shares. Royal Bank Of Canada boosted their target price 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. Robert W. Baird boosted their target price on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Rosenblatt Securities boosted their target price on shares of Amazon.com from $288.00 to $297.00 and gave the company a “buy” rating in a research report on Friday, August 1st. 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. Finally, Oppenheimer reduced their target price on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $266.26.
Get Our Latest Stock Analysis on Amazon.com
Amazon.com Company 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.
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