Vest Financial LLC Purchases 29,568 Shares of Amazon.com, Inc. $AMZN

Vest Financial LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 40.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 102,277 shares of the e-commerce giant’s stock after purchasing an additional 29,568 shares during the quarter. Vest Financial LLC’s holdings in Amazon.com were worth $22,439,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AMZN. Ridgecrest Wealth Partners LLC boosted its stake in shares of Amazon.com by 0.5% during the 2nd 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 during the period. Bare Financial Services Inc lifted its holdings in Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after purchasing an additional 48 shares during the last quarter. Heritage Oak Wealth Advisors LLC lifted its holdings in Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after purchasing an additional 48 shares during the last quarter. Cobblestone Asset Management LLC raised its position in shares of Amazon.com by 3.1% in the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after purchasing an additional 50 shares during the period. Finally, Seek First Inc. raised its position in shares of Amazon.com by 0.5% in the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock valued at $2,009,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the transaction, the chief executive officer owned 515,507 shares in the company, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com 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 transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 95,411 shares of company stock worth $21,222,702. Company insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. CIBC upped their price target on shares of Amazon.com to $315.00 in a research note on Monday, October 20th. Robert W. Baird set a $285.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday. Pivotal Research lifted their price target on shares of Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. Cowen restated a “buy” rating on shares of Amazon.com in a research note on Friday. Finally, Sanford C. Bernstein set a $300.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fifty-one have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $291.94.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $254.00 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm has a market capitalization of $2.71 trillion, a P/E ratio of 38.72, a P/E/G ratio of 1.52 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company’s 50 day moving average price is $226.02 and its two-hundred day moving average price is $216.95.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’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 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal 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.