Integrity Wealth Partners LLC Invests $432,000 in Amazon.com, Inc. $AMZN

Integrity Wealth Partners LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the first quarter, HoldingsChannel.com reports. The fund purchased 2,072 shares of the e-commerce giant’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Moran Wealth Management LLC grew its stake in Amazon.com by 10.9% during the first quarter. Moran Wealth Management LLC now owns 92,276 shares of the e-commerce giant’s stock worth $19,218,000 after buying an additional 9,092 shares in the last quarter. Plimoth Trust Co. LLC raised its position in shares of Amazon.com by 2.9% in the 1st quarter. Plimoth Trust Co. LLC now owns 65,637 shares of the e-commerce giant’s stock valued at $13,670,000 after buying an additional 1,858 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV raised its position in shares of Amazon.com by 37.6% in the 1st quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,687 shares of the e-commerce giant’s stock valued at $1,184,000 after buying an additional 1,553 shares in the last quarter. Altus Wealth Group LLC lifted its holdings in shares of Amazon.com by 0.4% during the 1st quarter. Altus Wealth Group LLC now owns 12,115 shares of the e-commerce giant’s stock worth $2,523,000 after acquiring an additional 50 shares during the period. Finally, Sierra Ocean LLC increased its stake in Amazon.com by 6.9% in the first quarter. Sierra Ocean LLC now owns 4,864 shares of the e-commerce giant’s stock valued at $1,013,000 after acquiring an additional 315 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 3,849 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $260.00, for a total value of $1,000,740.00. Following the sale, the director owned 78,654 shares of the company’s stock, valued at $20,450,040. The trade was a 4.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the sale, the chief executive officer owned 14,159 shares of the company’s stock, valued at $3,729,480.60. The trade was a 52.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 175,274 shares of company stock valued at $46,621,204 in the last quarter. Insiders own 8.90% of the company’s stock.

Amazon.com Stock Up 0.1%

NASDAQ:AMZN opened at $247.49 on Wednesday. The firm’s 50 day simple moving average is $252.16 and its 200 day simple moving average is $235.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The company has a market cap of $2.66 trillion, a PE ratio of 29.60, a P/E/G ratio of 1.84 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. During the same period in the prior year, the company posted $1.59 EPS. The company’s revenue was up 16.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 7.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. DA Davidson boosted their price target on Amazon.com from $175.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Barclays reiterated an “overweight” rating on shares of Amazon.com in a research report on Tuesday, June 9th. William Blair reissued an “outperform” rating on shares of Amazon.com in a research note on Thursday, April 9th. TD Cowen reissued a “buy” rating and issued a $340.00 target price (down from $350.00) on shares of Amazon.com in a report on Wednesday, July 8th. Finally, UBS Group set a $315.00 price target on shares of Amazon.com in a research note on Monday, June 1st. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $312.79.

Trending Headlines about Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Jefferies reiterated Amazon as a top pick, citing resilient Prime Day consumer spending, accelerating AWS growth, and an attractive valuation heading into the company’s upcoming quarterly report.
• Positive Sentiment: Wells Fargo raised its price target on Amazon, adding to the bullish analyst backdrop and reinforcing expectations for continued upside if earnings and cloud trends remain strong.
• Positive Sentiment: Several articles highlighted Amazon’s AI and cloud strengths, including optimism around AWS momentum, custom AI chips like Trainium, and the possibility that Amazon could broaden its AI compute business beyond internal use.
• Neutral Sentiment: Amazon’s planned $25 billion bond sale is part of its broader AI infrastructure buildout, showing management is still leaning into heavy investment to support future growth.
• Neutral Sentiment: Coverage also noted that Amazon is well positioned for future demand in data centers, cloud computing, and e-commerce, which keeps the long-term investment case intact despite near-term volatility.
• Negative Sentiment: The bond market showed weaker-than-average demand for Amazon’s debt offering and required wider concessions, signaling that investors may be getting more cautious about hyperscaler borrowing to fund AI spending.
• Negative Sentiment: New York’s move to pause new AI data centers, along with similar proposals in other states, could create a regulatory hurdle for Amazon’s future AI and cloud expansion plans.
• Negative Sentiment: Amazon’s shutdown plans in Quebec and ongoing criticism around AI-related job cuts also add a modest overhang on sentiment, though these issues appear less central than the financing and AI-growth debate.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.