Amazon.com, Inc. $AMZN Shares Sold by Peak Financial Management Inc.

Peak Financial Management Inc. decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,987 shares of the e-commerce giant’s stock after selling 1,647 shares during the period. Peak Financial Management Inc.’s holdings in Amazon.com were worth $875,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Carderock Capital Management Inc. bought a new position in Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth about $40,000. Maryland Capital Advisors Inc. raised its holdings in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the first quarter worth $42,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Matthew S. Garman sold 17,785 shares of the business’s 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 sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,911 shares of company stock valued at $21,765,202. 10.80% of the stock is currently owned by insiders.

Amazon.com Trading Up 1.2%

Shares of NASDAQ:AMZN opened at $226.97 on Tuesday. The company has a 50-day simple moving average of $225.01 and a 200 day simple moving average of $214.69. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.42 trillion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

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 net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMZN. Truist Financial boosted their price target on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Citizens Jmp started coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. Evercore ISI reissued an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, Citigroup reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $268.38.

About Amazon.com

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.