Verus Financial Partners Inc. Acquires 513 Shares of Amazon.com, Inc. $AMZN

Verus Financial Partners Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 27.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,407 shares of the e-commerce giant’s stock after purchasing an additional 513 shares during the period. Verus Financial Partners Inc.’s holdings in Amazon.com were worth $536,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mattern Capital Management LLC boosted its stake in shares of Amazon.com by 22.3% during the second quarter. Mattern Capital Management LLC now owns 13,883 shares of the e-commerce giant’s stock valued at $3,046,000 after purchasing an additional 2,536 shares in the last quarter. Cromwell Holdings LLC boosted its stake in shares of Amazon.com by 2.4% during the second quarter. Cromwell Holdings LLC now owns 26,113 shares of the e-commerce giant’s stock valued at $5,729,000 after purchasing an additional 601 shares in the last quarter. Ashton Thomas Securities LLC boosted its stake in shares of Amazon.com by 4.5% during the second quarter. Ashton Thomas Securities LLC now owns 37,767 shares of the e-commerce giant’s stock valued at $8,286,000 after purchasing an additional 1,640 shares in the last quarter. River Street Advisors LLC boosted its stake in shares of Amazon.com by 9.0% during the second quarter. River Street Advisors LLC now owns 14,299 shares of the e-commerce giant’s stock valued at $3,137,000 after purchasing an additional 1,186 shares in the last quarter. Finally, Abacus Planning Group Inc. boosted its stake in shares of Amazon.com by 0.5% during the second quarter. Abacus Planning Group Inc. now owns 92,705 shares of the e-commerce giant’s stock valued at $20,339,000 after purchasing an additional 499 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 0.7%

AMZN opened at $213.04 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week 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 fifty day moving average of $225.66 and a two-hundred day moving average of $212.64. The stock has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The firm’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. On average, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Scotiabank raised their target price on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group raised their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Truist Financial raised their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $266.26.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated 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 directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $227.77, for a total value of $973,315,191.49. Following the sale, the insider owned 890,273,469 shares of the company’s stock, valued at approximately $202,777,588,034.13. This trade represents a 0.48% decrease in their ownership of the stock. 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 ninety days. 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.