Gray Private Wealth LLC Has $883,000 Stock Position in Amazon.com, Inc. $AMZN

Gray Private Wealth LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 32.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,025 shares of the e-commerce giant’s stock after buying an additional 989 shares during the period. Amazon.com makes up 0.5% of Gray Private Wealth LLC’s holdings, making the stock its 17th biggest holding. Gray Private Wealth LLC’s holdings in Amazon.com were worth $883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carderock Capital Management Inc. acquired a new position in Amazon.com during the 2nd quarter valued at about $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the 1st quarter valued at 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. acquired a new position in Amazon.com during the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s 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 transaction, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,591,479 shares of company stock worth $1,512,698,663. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $213.04 on Monday. The business has a 50 day simple moving average of $225.66 and a 200 day simple moving average of $212.88. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock has a market cap of $2.27 trillion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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 analysts’ expectations of $161.80 billion. During the same period in the prior year, the business earned $1.26 EPS. Amazon.com’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. Analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on AMZN shares. HSBC upped their price target on Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Zacks Research cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. BMO Capital Markets upped their price target on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada upped their price target on Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average price target of $266.26.

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.