7,655 Shares in Amazon.com, Inc. $AMZN Purchased by Washington Growth Strategies LLC

Washington Growth Strategies LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,655 shares of the e-commerce giant’s stock, valued at approximately $1,679,000. Amazon.com makes up about 1.3% of Washington Growth Strategies LLC’s portfolio, making the stock its 21st biggest holding.

Several other institutional investors have also modified their holdings of AMZN. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the first quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com during the first quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. raised its stake in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $230.43, for a total value of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,591,479 shares of company stock worth $1,512,698,663. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on AMZN. Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $245.00 to $280.00 in a research note on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Westpark Capital restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. HSBC upped their price objective on Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $266.26.

Amazon.com Stock Down 0.7%

Shares of Amazon.com stock opened at $213.04 on Monday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The stock has a market capitalization of $2.27 trillion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.41 and a beta of 1.28. The business’s 50 day simple moving average is $225.66 and its 200-day simple moving average is $212.88. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the company posted $1.26 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.