Inman Jager Wealth Management LLC Sells 957 Shares of Amazon.com, Inc. $AMZN

Inman Jager Wealth Management LLC reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 35.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,755 shares of the e-commerce giant’s stock after selling 957 shares during the period. Inman Jager Wealth Management LLC’s holdings in Amazon.com were worth $385,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AMZN. Kingstone Capital Partners Texas LLC raised 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 worth $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Nuveen LLC bought a new position in Amazon.com in the first quarter worth about $11,674,091,000. Goldman Sachs Group Inc. raised its stake in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $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% in the first 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 in the last quarter. Finally, Amundi grew its holdings in Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after purchasing an additional 7,267,277 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 9.6%

Shares of Amazon.com stock opened at $244.22 on Friday. The company has a market cap of $2.60 trillion, a price-to-earnings ratio of 37.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The company’s 50 day moving average is $225.49 and its 200 day moving average is $216.08. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $250.50. 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 issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 6,835 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the transaction, the chief executive officer owned 520,507 shares in the company, valued at $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,411 shares of company stock valued at $21,222,702 over the last quarter. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. Telsey Advisory Group upped their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday. Stifel Nicolaus upped their price objective on shares of Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial set a $290.00 price objective on shares of Amazon.com in a report on Friday. TD Cowen upped their price objective on shares of Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley reiterated an “overweight” rating and set a $315.00 price target (up previously from $300.00) on shares of Amazon.com in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $289.88.

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.