Wealthcare Capital Partners LLC Reduces Position in Amazon.com, Inc. $AMZN

Wealthcare Capital Partners LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,573 shares of the e-commerce giant’s stock after selling 120 shares during the period. Wealthcare Capital Partners LLC’s holdings in Amazon.com were worth $1,223,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its position 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 valued at $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Northern Trust Corp lifted its position 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 valued at $18,527,354,000 after buying an additional 302,858 shares in the last quarter. Nuveen LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. lifted its position 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 valued at $11,461,952,000 after buying an additional 605,415 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. JMP Securities reaffirmed a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Piper Sandler lifted their price objective on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. DA Davidson lifted their price objective on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Monness Crespi & Hardt lifted their price objective on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Three equities research 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 company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $267.27.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $222.03 on Wednesday. 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 50 day simple moving average is $225.57 and its two-hundred day simple moving average is $213.26. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.43 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The company’s revenue 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 analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,741,053 shares of company stock worth $630,824,413. Insiders own 10.80% of the company’s stock.

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.