Merit Financial Group LLC Buys 70,919 Shares of Amazon.com, Inc. $AMZN

Merit Financial Group LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 381,763 shares of the e-commerce giant’s stock after purchasing an additional 70,919 shares during the quarter. Amazon.com accounts for 0.9% of Merit Financial Group LLC’s holdings, making the stock its 24th biggest holding. Merit Financial Group LLC’s holdings in Amazon.com were worth $83,755,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC lifted its position in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares during the period. Nuveen LLC bought a new stake in shares of Amazon.com during the 1st quarter worth approximately $11,674,091,000. Goldman Sachs Group Inc. boosted its position in shares of Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. Finally, Amundi increased its stake in Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after acquiring an additional 7,267,277 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Roth Capital set a $250.00 target price on Amazon.com and gave the company a “buy” rating in a report on Tuesday, July 8th. BMO Capital Markets lifted their target price on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Cowen reissued a “buy” rating on shares of Amazon.com in a report on Friday, August 1st. Pivotal Research lifted their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. Finally, Wolfe Research increased their price objective on shares of Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Three 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $267.27.

Amazon.com Stock Performance

NASDAQ AMZN opened at $217.95 on Thursday. 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. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a fifty day simple moving average of $225.44 and a 200 day simple moving average of $213.29. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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. 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 analysts’ expectations of $161.80 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the sale, the chief executive officer owned 520,507 shares of the company’s stock, valued at approximately $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,911 shares of company stock valued at $21,765,202 over the last quarter. Company 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.