Powers Advisory Group LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,898 shares of the e-commerce giant’s stock after buying an additional 298 shares during the quarter. Powers Advisory Group LLC’s holdings in Amazon.com were worth $1,294,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Western Wealth Management LLC lifted its stake in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC lifted its stake in Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd lifted its stake in Amazon.com by 6.0% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after purchasing an additional 63,924 shares in the last quarter. Finally, Formidable Asset Management LLC lifted its stake in Amazon.com by 2.6% in the 1st quarter. Formidable Asset Management LLC now owns 35,136 shares of the e-commerce giant’s stock worth $6,685,000 after purchasing an additional 889 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
AMZN has been the topic of several recent analyst reports. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Truist Financial increased their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Barclays increased their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. BMO Capital Markets raised their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, HSBC raised their price objective on shares of Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Three equities 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 stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $266.26.
Insider Activity at Amazon.com
In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,864,716 shares of company stock worth $2,486,013,854 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.
Amazon.com Price Performance
AMZN stock opened at $216.39 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm’s fifty day moving average is $226.16 and its 200 day moving average is $212.19. The firm has a market cap 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 (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating 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 company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
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.
Featured Articles
- Five stocks we like better than Amazon.com
- Why is the Ex-Dividend Date Significant to Investors?
- After Gold Blast Soars Past $4,000, BofA Eyes $5,000 in 2026
- What Is WallStreetBets and What Stocks Are They Targeting?
- Buyback Boom: 3 Companies Betting Big on Themselves
- How to buy stock: A step-by-step guide for beginners
- Analysts Flock to Upgrade DELL After Big AI-Server Guidance Boost
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.