Institute for Wealth Management LLC. Has $19.71 Million Stock Position in Amazon.com, Inc. $AMZN

Institute for Wealth Management LLC. decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,836 shares of the e-commerce giant’s stock after selling 6,870 shares during the period. Amazon.com comprises approximately 2.2% of Institute for Wealth Management LLC.’s holdings, making the stock its 4th largest position. Institute for Wealth Management LLC.’s holdings in Amazon.com were worth $19,709,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMZN. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the 2nd quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 1st quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth $40,000. Maryland Capital Advisors Inc. increased its stake in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the 1st quarter worth $42,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.4%

Shares of NASDAQ:AMZN opened at $215.57 on Thursday. 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, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a 50-day moving average price of $226.02 and a 200 day moving average price of $212.21. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 32.86, a PEG ratio of 1.43 and a beta of 1.28.

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. 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 the consensus estimate of $161.80 billion. During the same quarter last year, the firm earned $1.26 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% 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 over the last three months. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMZN shares. Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $245.00 to $280.00 in a research note on Wednesday, September 24th. The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Royal Bank Of Canada increased their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Citizens Jmp started coverage on shares of Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Three 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $266.26.

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.