Mainsail Financial Group LLC Sells 188 Shares of Amazon.com, Inc. $AMZN

Mainsail Financial Group LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,250 shares of the e-commerce giant’s stock after selling 188 shares during the period. Mainsail Financial Group LLC’s holdings in Amazon.com were worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bluesphere Advisors LLC boosted its stake in shares of Amazon.com by 16.4% in the 2nd quarter. Bluesphere Advisors LLC now owns 7,657 shares of the e-commerce giant’s stock worth $1,680,000 after buying an additional 1,076 shares during the last quarter. Lee Johnson Capital Management LLC boosted its position in Amazon.com by 15.6% in the second quarter. Lee Johnson Capital Management LLC now owns 27,956 shares of the e-commerce giant’s stock worth $6,133,000 after purchasing an additional 3,763 shares during the last quarter. Park Place Capital Corp grew its stake in shares of Amazon.com by 4.9% during the 2nd quarter. Park Place Capital Corp now owns 29,330 shares of the e-commerce giant’s stock valued at $6,466,000 after purchasing an additional 1,382 shares during the period. Alliance Wealth Advisors LLC increased its position in shares of Amazon.com by 6.1% during the 2nd quarter. Alliance Wealth Advisors LLC now owns 7,766 shares of the e-commerce giant’s stock valued at $1,704,000 after purchasing an additional 445 shares during the last quarter. Finally, HCR Wealth Advisors lifted its stake in shares of Amazon.com by 1.9% in the 2nd quarter. HCR Wealth Advisors now owns 52,338 shares of the e-commerce giant’s stock worth $11,482,000 after purchasing an additional 1,001 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several recent research reports. Canaccord Genuity Group restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Truist Financial boosted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Monness Crespi & Hardt raised their target price on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, Rosenblatt Securities upped their price target on Amazon.com from $288.00 to $297.00 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 given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $266.26.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,864,716 shares of company stock worth $2,486,013,854 in the last 90 days. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $216.39 on Wednesday. The stock has a 50-day moving average price of $226.16 and a 200 day moving average price of $212.19. The stock has a market capitalization of $2.31 trillion, a P/E ratio of 32.99, a P/E/G ratio of 1.46 and a beta of 1.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month 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.

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 the consensus estimate 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 return on equity of 23.84% and a net margin of 10.54%.The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.