Amazon.com, Inc. $AMZN Stake Increased by Glass Wealth Management Co LLC

Glass Wealth Management Co LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,557 shares of the e-commerce giant’s stock after buying an additional 165 shares during the period. Amazon.com comprises approximately 3.8% of Glass Wealth Management Co LLC’s investment portfolio, making the stock its 5th biggest position. Glass Wealth Management Co LLC’s holdings in Amazon.com were worth $7,143,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the second quarter worth about $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. purchased a new position in shares of Amazon.com during the first quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. increased its position in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the transaction, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,911 shares of company stock worth $21,765,202. 9.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Pivotal Research boosted their price target on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 target price on shares of Amazon.com in a report on Wednesday, September 24th. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, August 13th. Mizuho set a $300.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Monness Crespi & Hardt increased their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $267.27.

Amazon.com Stock Performance

Amazon.com stock opened at $217.95 on Thursday. The firm has a 50 day simple moving average of $225.44 and a 200-day simple moving average of $213.29. The stock has a market cap of $2.32 trillion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.47 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.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 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 analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.