Financial Perspectives Inc Acquires 1,774 Shares of Amazon.com, Inc. $AMZN

Financial Perspectives Inc raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,559 shares of the e-commerce giant’s stock after purchasing an additional 1,774 shares during the quarter. Amazon.com accounts for 1.5% of Financial Perspectives Inc’s portfolio, making the stock its 18th largest holding. Financial Perspectives Inc’s holdings in Amazon.com were worth $4,949,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Barlow Wealth Partners Inc. lifted its holdings in shares of Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after acquiring an additional 44 shares during the period. Ridgecrest Wealth Partners LLC increased its position 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 purchasing an additional 45 shares in the last quarter. 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 boosted its position in 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 buying an additional 48 shares in the last quarter. Finally, Cobblestone Asset Management LLC grew its stake in Amazon.com by 3.1% during the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after buying an additional 50 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on 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 $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. The trade was a 26.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 128,084 shares of company stock worth $29,405,457. 9.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer lifted their target price on shares of Amazon.com from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Benchmark lifted their price objective on Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Citizens Jmp boosted their price objective on Amazon.com from $285.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Friday, October 31st. DZ Bank restated a “buy” rating on shares of Amazon.com in a research note on Friday, October 31st. Finally, CIBC upped their price target on shares of Amazon.com to $315.00 in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average price target of $294.15.

Amazon.com Trading Down 2.0%

Shares of NASDAQ AMZN opened at $244.20 on Thursday. 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 $2.61 trillion, a P/E ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.29. 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 simple moving average is $228.61 and its 200 day simple moving average is $220.04.

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