Amazon.com, Inc. $AMZN Stock Position Lifted by Bennett Associates Wealth Management

Bennett Associates Wealth Management lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,640 shares of the e-commerce giant’s stock after purchasing an additional 155 shares during the quarter. Bennett Associates Wealth Management’s holdings in Amazon.com were worth $360,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Waycross Investment Management Co grew its stake in shares of Amazon.com by 19.9% in the second quarter. Waycross Investment Management Co now owns 2,398 shares of the e-commerce giant’s stock worth $526,000 after purchasing an additional 398 shares in the last quarter. Drake & Associates LLC grew its stake in shares of Amazon.com by 4.6% in the second quarter. Drake & Associates LLC now owns 12,085 shares of the e-commerce giant’s stock worth $2,651,000 after purchasing an additional 531 shares in the last quarter. Heck Capital Advisors LLC grew its stake in shares of Amazon.com by 12.0% in the second quarter. Heck Capital Advisors LLC now owns 6,698 shares of the e-commerce giant’s stock worth $1,469,000 after purchasing an additional 715 shares in the last quarter. KPP Advisory Services LLC grew its stake in shares of Amazon.com by 1.6% in the second quarter. KPP Advisory Services LLC now owns 47,492 shares of the e-commerce giant’s stock worth $10,419,000 after purchasing an additional 754 shares in the last quarter. Finally, Next Level Wealth Planning LLC grew its stake in shares of Amazon.com by 13.9% in the second quarter. Next Level Wealth Planning LLC now owns 4,006 shares of the e-commerce giant’s stock worth $879,000 after purchasing an additional 489 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.4%

Shares of AMZN stock opened at $224.21 on Friday. The stock has a 50-day simple moving average of $225.10 and a 200 day simple moving average of $213.97. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 34.18, a P/E/G ratio of 1.46 and a beta of 1.28. 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 released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter last year, the company posted $1.26 EPS. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value 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 position. 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 over the last three months. Company insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Monday, October 20th. JPMorgan Chase & Co. increased their price target on Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. CIBC increased their price target on Amazon.com to $315.00 in a research note on Monday, October 20th. Bank of America increased their price target on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Robert W. Baird raised their target price on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Four analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $268.69.

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.