Verus Wealth Management LLC Trims Stock Position in Amazon.com, Inc. $AMZN

Verus Wealth Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,088 shares of the e-commerce giant’s stock after selling 263 shares during the period. Verus Wealth Management LLC’s holdings in Amazon.com were worth $677,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Kercheville Advisors LLC raised its holdings in shares of Amazon.com by 0.6% during the second quarter. Kercheville Advisors LLC now owns 92,529 shares of the e-commerce giant’s stock valued at $20,300,000 after acquiring an additional 544 shares during the last quarter. Keudell Morrison Wealth Management boosted its holdings in Amazon.com by 4.5% in the 2nd quarter. Keudell Morrison Wealth Management now owns 32,567 shares of the e-commerce giant’s stock valued at $7,145,000 after purchasing an additional 1,403 shares during the last quarter. Three Cord True Wealth Management LLC grew its position in Amazon.com by 4.2% in the second quarter. Three Cord True Wealth Management LLC now owns 1,359 shares of the e-commerce giant’s stock worth $298,000 after acquiring an additional 55 shares during the period. IFS Advisors LLC increased its position in shares of Amazon.com by 22.6% during the 2nd quarter. IFS Advisors LLC now owns 412 shares of the e-commerce giant’s stock worth $90,000 after purchasing an additional 76 shares during the last quarter. Finally, Innovative Wealth Building LLC acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $218,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AMZN. Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Monness Crespi & Hardt raised their price objective 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. Morgan Stanley reissued an “overweight” rating on shares of Amazon.com in a research report on Wednesday, September 10th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday. Finally, Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Three investment 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 stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $267.27.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the sale, the chief executive officer directly owned 520,507 shares of the company’s stock, valued at $115,354,761.34. This trade represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, 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. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 97,911 shares of company stock valued at $21,765,202 in the last quarter. 9.70% of the stock is owned by company insiders.

Amazon.com Price Performance

AMZN stock opened at $217.95 on Thursday. The company has a fifty day moving average price of $225.44 and a 200-day moving average price of $213.29. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a market capitalization of $2.32 trillion, a P/E 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 posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

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.