Litman Gregory Wealth Management LLC Has $942,000 Position in Amazon.com, Inc. $AMZN

Litman Gregory Wealth Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,295 shares of the e-commerce giant’s stock after selling 290 shares during the quarter. Litman Gregory Wealth Management LLC’s holdings in Amazon.com were worth $942,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

AMZN has been the subject of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Amazon.com in a report on Wednesday, October 8th. DA Davidson increased their target price on Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Canaccord Genuity Group reissued a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Finally, Evercore ISI restated an “outperform” rating and set a $280.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $267.94.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,911 shares of company stock worth $21,765,202 in the last quarter. 9.70% of the stock is owned by company insiders.

Amazon.com Stock Up 1.4%

Shares of AMZN stock opened at $221.09 on Friday. The firm’s fifty day moving average price is $225.24 and its two-hundred day moving average price is $213.61. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market capitalization of $2.36 trillion, a P/E ratio of 33.70, a PEG ratio of 1.44 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share 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 company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter last year, the company earned $1.26 EPS. Amazon.com’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.