Amazon.com, Inc. $AMZN Stock Position Trimmed by Miller Wealth Advisors LLC

Miller Wealth Advisors LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,246 shares of the e-commerce giant’s stock after selling 4,073 shares during the quarter. Amazon.com accounts for about 26.3% of Miller Wealth Advisors LLC’s holdings, making the stock its biggest position. Miller Wealth Advisors LLC’s holdings in Amazon.com were worth $56,218,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.1% during the 1st 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 in the last quarter. Kingstone Capital Partners Texas LLC boosted its stake in shares of Amazon.com by 542,733.6% during the 2nd 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 in the last quarter. Northern Trust Corp boosted its stake in shares of Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after acquiring an additional 302,858 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock worth $11,461,952,000 after acquiring an additional 605,415 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Rosenblatt Securities lifted their price objective on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Cowen restated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Bank of America lifted their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Barclays lifted their price objective on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Susquehanna lifted their price objective on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $266.26.

Amazon.com Trading Down 0.5%

Shares of AMZN opened at $214.47 on Friday. The stock has a fifty day moving average of $225.85 and a two-hundred day moving average of $212.38. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.29 trillion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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 return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. This represents a 85.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on 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 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 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 three months. 9.70% of the stock is currently owned by insiders.

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.