Tower View Wealth Management LLC Acquires 1,526 Shares of Amazon.com, Inc. $AMZN

Tower View Wealth Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,083 shares of the e-commerce giant’s stock after buying an additional 1,526 shares during the quarter. Amazon.com accounts for 3.4% of Tower View Wealth Management LLC’s investment portfolio, making the stock its 10th largest position. Tower View Wealth Management LLC’s holdings in Amazon.com were worth $6,600,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $40,000. Maryland Capital Advisors Inc. raised its holdings in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the 1st quarter valued at $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMZN shares. 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 report on Monday, September 29th. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Wednesday, September 24th. Evercore ISI reaffirmed an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Three investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $266.26.

Amazon.com Trading Down 0.7%

Shares of Amazon.com stock opened at $213.04 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. 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 $2.27 trillion, a P/E ratio of 32.48, a PEG ratio of 1.41 and a beta of 1.28. The company’s fifty day moving average is $225.66 and its two-hundred day moving average is $212.64.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $161.80 billion. During the same period last year, the firm posted $1.26 EPS. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated 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 sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $227.77, for a total transaction of $973,315,191.49. Following the completion of the sale, the insider directly owned 890,273,469 shares in the company, valued at approximately $202,777,588,034.13. The trade was a 0.48% decrease in their position. 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. Company insiders own 9.70% of the company’s stock.

Amazon.com 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.