Amazon.com, Inc. $AMZN Position Reduced by Kellett Wealth Advisors LLC

Kellett Wealth Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 9.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,300 shares of the e-commerce giant’s stock after selling 910 shares during the period. Amazon.com makes up about 1.2% of Kellett Wealth Advisors LLC’s portfolio, making the stock its 17th largest holding. Kellett Wealth Advisors LLC’s holdings in Amazon.com were worth $1,821,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Community Bank N.A. increased its position in shares of Amazon.com by 3.8% during the 2nd quarter. Community Bank N.A. now owns 41,416 shares of the e-commerce giant’s stock valued at $9,086,000 after purchasing an additional 1,529 shares during the period. NorthRock Partners LLC boosted its stake in Amazon.com by 9.4% during the second quarter. NorthRock Partners LLC now owns 162,008 shares of the e-commerce giant’s stock valued at $35,543,000 after buying an additional 13,967 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Amazon.com by 3.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 550,839 shares of the e-commerce giant’s stock valued at $120,848,000 after buying an additional 19,867 shares in the last quarter. Endowment Wealth Management Inc. grew its holdings in Amazon.com by 81.0% during the second quarter. Endowment Wealth Management Inc. now owns 3,050 shares of the e-commerce giant’s stock worth $669,000 after acquiring an additional 1,365 shares during the period. Finally, Delaney Dennis R raised its position in Amazon.com by 1.8% in the second quarter. Delaney Dennis R now owns 36,308 shares of the e-commerce giant’s stock worth $7,966,000 after acquiring an additional 630 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMZN. Wedbush restated an “outperform” rating and set a $340.00 price objective on shares of Amazon.com in a research report on Monday. Weiss Ratings downgraded shares of Amazon.com from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Pivotal Research lifted their price target on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Rosenblatt Securities upped their price target on Amazon.com from $298.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $293.42.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $249.32 on Wednesday. The company’s fifty day moving average is $226.43 and its two-hundred day moving average is $217.49. The company has a market cap of $2.66 trillion, a P/E ratio of 38.01, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. 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 released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction that occurred on 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 in the company, valued at $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was 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 approximately $695,286.66. This trade represents a 85.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 128,084 shares of company stock valued at $29,405,457 in the last quarter. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Company 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.