Patriot Financial Group Insurance Agency LLC Has $12.27 Million Position in Amazon.com, Inc. $AMZN

Patriot Financial Group Insurance Agency LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,917 shares of the e-commerce giant’s stock after purchasing an additional 5,084 shares during the period. Amazon.com comprises 1.4% of Patriot Financial Group Insurance Agency LLC’s investment portfolio, making the stock its 8th largest position. Patriot Financial Group Insurance Agency LLC’s holdings in Amazon.com were worth $12,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Tower View Wealth Management LLC increased its stake in shares of Amazon.com by 5.3% during the second quarter. Tower View Wealth Management LLC now owns 30,083 shares of the e-commerce giant’s stock valued at $6,600,000 after buying an additional 1,526 shares during the period. First National Bank & Trust Co. of Newtown increased its stake in shares of Amazon.com by 12.4% during the second quarter. First National Bank & Trust Co. of Newtown now owns 5,911 shares of the e-commerce giant’s stock valued at $1,297,000 after buying an additional 650 shares during the period. Kennebec Savings Bank increased its stake in shares of Amazon.com by 5.8% during the second quarter. Kennebec Savings Bank now owns 14,547 shares of the e-commerce giant’s stock valued at $3,191,000 after buying an additional 799 shares during the period. Sageworth Trust Co increased its stake in shares of Amazon.com by 7.1% during the second quarter. Sageworth Trust Co now owns 3,608 shares of the e-commerce giant’s stock valued at $792,000 after buying an additional 239 shares during the period. Finally, J2 Capital Management Inc increased its stake in shares of Amazon.com by 15.2% during the second quarter. J2 Capital Management Inc now owns 6,122 shares of the e-commerce giant’s stock valued at $1,343,000 after buying an additional 809 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AMZN. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research report on Thursday, September 11th. Citizens Jmp assumed coverage on Amazon.com in a report on Thursday, July 10th. They issued a “strong-buy” rating on the stock. Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Pivotal Research boosted their target price on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Rosenblatt Securities boosted their target price on Amazon.com from $288.00 to $297.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Three equities research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $266.26.

Amazon.com Trading Down 0.7%

Shares of NASDAQ:AMZN opened at $213.04 on Friday. The company has a market cap of $2.27 trillion, a P/E ratio of 32.48, a PEG ratio of 1.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The stock’s fifty day moving average price is $225.66 and its 200-day moving average price is $212.64.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for 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 company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders have sold 10,864,716 shares of company stock valued at $2,486,013,854 in the last 90 days. 9.70% of the stock is owned by company insiders.

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.