Acorn Financial Advisory Services Inc. ADV Has $3.09 Million Stake in Amazon.com, Inc. $AMZN

Acorn Financial Advisory Services Inc. ADV trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 17.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,068 shares of the e-commerce giant’s stock after selling 3,038 shares during the period. Amazon.com comprises about 0.5% of Acorn Financial Advisory Services Inc. ADV’s investment portfolio, making the stock its 26th largest position. Acorn Financial Advisory Services Inc. ADV’s holdings in Amazon.com were worth $3,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Ridgecrest Wealth Partners LLC boosted its position in Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after buying an additional 45 shares in the last quarter. Bare Financial Services Inc increased its holdings in shares of 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 buying an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC raised its stake in shares of Amazon.com by 1.2% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after acquiring an additional 48 shares during the last quarter. Cobblestone Asset Management LLC boosted its holdings in shares of Amazon.com by 3.1% in the 2nd 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. grew its position in Amazon.com by 0.5% during the 2nd 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 during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Benchmark boosted their price objective on Amazon.com from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein set a $300.00 price target on Amazon.com and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group increased their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday. Finally, TD Cowen upped their target price on shares of Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $293.42.

Amazon.com Trading Down 1.8%

AMZN opened at $249.32 on Wednesday. The firm has a 50 day simple moving average of $226.43 and a 200 day simple moving average of $217.49. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a market cap of $2.66 trillion, a price-to-earnings ratio of 38.01, a price-to-earnings-growth 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.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. The trade was a 85.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 8,173 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the sale, the director directly owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. This trade represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 128,084 shares of company stock valued at $29,405,457 over the last quarter. 9.70% of the stock is owned by corporate insiders.

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.