Axxcess Wealth Management LLC Purchases 7,518 Shares of Amazon.com, Inc. $AMZN

Axxcess Wealth Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,445 shares of the e-commerce giant’s stock after acquiring an additional 7,518 shares during the period. Amazon.com accounts for 1.4% of Axxcess Wealth Management LLC’s holdings, making the stock its 11th biggest position. Axxcess Wealth Management LLC’s holdings in Amazon.com were worth $61,307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Carderock Capital Management Inc. acquired a new position in Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the first quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. raised its position in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 128,084 shares of company stock worth $29,405,457. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $249.32 on Wednesday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. 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’s fifty day moving average price is $226.43 and its 200 day moving average price is $217.49. The stock has a market capitalization of $2.66 trillion, a P/E ratio of 38.01, a P/E/G ratio of 1.52 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping 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%.Amazon.com’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on AMZN shares. HSBC boosted their target price on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Pivotal Research boosted their price objective on shares of Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Scotiabank upped their target price on Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. Monness Crespi & Hardt lifted their price target on Amazon.com from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Citizens Jmp boosted their price target on Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a research note 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $293.42.

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.