Founders Grove Wealth Partners LLC Has $1.26 Million Holdings in Amazon.com, Inc. $AMZN

Founders Grove Wealth Partners LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,728 shares of the e-commerce giant’s stock after purchasing an additional 1,329 shares during the period. Founders Grove Wealth Partners LLC’s holdings in Amazon.com were worth $1,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the second quarter valued at $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter worth about $40,000. Maryland Capital Advisors Inc. lifted its position in Amazon.com by 81.9% during 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 period. Finally, Capitol Family Office Inc. bought a new position in shares of Amazon.com in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group set a $300.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Friday. Susquehanna set a $300.00 target price on shares of Amazon.com and gave the company a “positive” rating in a research report on Friday. JMP Securities set a $300.00 price target on Amazon.com in a research note on Friday. UBS Group set a $310.00 price target on Amazon.com in a research report on Friday. Finally, DA Davidson upped their price objective on Amazon.com from $265.00 to $300.00 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 given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $293.42.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value 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 represents a 23.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 8,173 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the transaction, the director owned 80,030 shares in the company, valued at approximately $20,009,900.90. This trade represents a 9.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,084 shares of company stock worth $29,405,457 in the last quarter. 9.70% of the stock is owned by corporate insiders.

Amazon.com Trading Down 1.8%

Shares of NASDAQ:AMZN opened at $249.32 on Wednesday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. 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 $226.43 and its two-hundred day moving average price is $217.49. The stock has a market capitalization of $2.66 trillion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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 firm had revenue of $180.17 billion for 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 company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.