Tyche Wealth Partners LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 7.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 59,541 shares of the e-commerce giant’s stock after purchasing an additional 3,875 shares during the period. Amazon.com accounts for approximately 2.6% of Tyche Wealth Partners LLC’s portfolio, making the stock its 7th largest position. Tyche Wealth Partners LLC’s holdings in Amazon.com were worth $13,063,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $40,000. Maryland Capital Advisors Inc. lifted its position in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the period. Finally, Capitol Family Office Inc. acquired a new position in shares of Amazon.com in the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Insider Transactions at Amazon.com
In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares in the company, valued at $111,916,569.70. This represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was 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 owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,911 shares of company stock worth $21,765,202. 9.70% of the stock is owned by insiders.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AMZN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. BMO Capital Markets lifted their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, BNP Paribas upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. 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’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $268.69.
Read Our Latest Research Report on Amazon.com
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.
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