Marks Group Wealth Management Inc Grows Stock Holdings in Amazon.com, Inc. $AMZN

Marks Group Wealth Management Inc grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,033 shares of the e-commerce giant’s stock after purchasing an additional 464 shares during the period. Amazon.com makes up about 0.9% of Marks Group Wealth Management Inc’s holdings, making the stock its 27th largest holding. Marks Group Wealth Management Inc’s holdings in Amazon.com were worth $9,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter valued at about $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. increased its holdings in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 1.8%

AMZN stock opened at $217.95 on Thursday. The stock has a fifty day moving average of $225.44 and a 200-day moving average of $213.29. 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 market capitalization of $2.32 trillion, a price-to-earnings ratio of 33.22, a PEG ratio of 1.47 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

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 the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. BMO Capital Markets upped their price objective on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Truist Financial upped their price target on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. JMP Securities reissued a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. 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 research note 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $267.27.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the completion of the transaction, the chief executive officer owned 520,507 shares of the company’s stock, valued at $115,354,761.34. The trade was a 1.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,911 shares of company stock worth $21,765,202 in the last three months. Insiders own 9.70% 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.