Seamount Financial Group Inc. Has $11.05 Million Holdings in Amazon.com, Inc. $AMZN

Seamount Financial Group Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,374 shares of the e-commerce giant’s stock after purchasing an additional 3,160 shares during the quarter. Amazon.com makes up about 5.7% of Seamount Financial Group Inc.’s investment portfolio, making the stock its 2nd largest position. Seamount Financial Group Inc.’s holdings in Amazon.com were worth $11,052,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Ridgecrest Wealth Partners LLC raised its holdings in Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after acquiring an additional 45 shares in the last quarter. Bare Financial Services Inc raised its holdings in Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after acquiring an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC raised its holdings in Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after acquiring an additional 48 shares in the last quarter. Cobblestone Asset Management LLC raised its holdings in Amazon.com by 3.1% during the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after acquiring an additional 50 shares in the last quarter. Finally, Seek First Inc. raised its holdings in Amazon.com by 0.5% during the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMZN. UBS Group reiterated a “buy” rating and set a $271.00 target price on shares of Amazon.com in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday, October 20th. Piper Sandler upped their price objective on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Mizuho set a $300.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Monday, September 29th. Finally, KeyCorp initiated coverage on Amazon.com in a research note on Thursday. They issued an “overweight” rating on the stock. Four analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $268.69.

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 97,911 shares of company stock valued at $21,765,202 in the last ninety days. 9.70% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $224.21 on Friday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The stock’s 50 day moving average is $225.10 and its 200-day moving average is $213.97. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 34.18, a PEG ratio of 1.46 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last posted 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 company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. The firm’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. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com 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.