Amazon.com, Inc. $AMZN Shares Purchased by NovaPoint Capital LLC

NovaPoint Capital LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,550 shares of the e-commerce giant’s stock after purchasing an additional 712 shares during the quarter. NovaPoint Capital LLC’s holdings in Amazon.com were worth $2,314,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Ridgecrest Wealth Partners LLC lifted its stake in shares of Amazon.com by 0.5% during the second 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 stake in shares of Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after purchasing an additional 48 shares in the last quarter. Heritage Oak Wealth Advisors LLC lifted its stake in shares of Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after purchasing an additional 48 shares in the last quarter. Cobblestone Asset Management LLC lifted its stake in shares of 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 purchasing an additional 50 shares in the last quarter. Finally, Seek First Inc. lifted its stake in shares of Amazon.com by 0.5% during the second quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after purchasing an additional 50 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, September 10th. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, September 11th. Moffett Nathanson increased their price target on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Amazon.com in a report on Wednesday. Finally, Wolfe Research increased their price target on Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $266.26.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was 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 directly owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,313,335 shares of company stock valued at $4,164,795,815. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $225.22 on Thursday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm has a market capitalization of $2.40 trillion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. The business has a 50 day simple moving average of $226.03 and a 200 day simple moving average of $211.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

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

About Amazon.com

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.