Rezny Wealth Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the second quarter, Holdings Channel.com reports. The fund owned 9,755 shares of the e-commerce giant’s stock after buying an additional 212 shares during the period. Amazon.com comprises approximately 0.5% of Rezny Wealth Management Inc.’s holdings, making the stock its 18th biggest position. Rezny Wealth Management Inc.’s holdings in Amazon.com were worth $2,140,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC grew its position in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Nuveen LLC acquired a new stake in Amazon.com in the 1st quarter worth about $11,674,091,000. GAMMA Investing LLC boosted its holdings in Amazon.com by 21,420.5% in the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant’s stock worth $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after buying an additional 10,176,835 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AMZN has been the topic of several research analyst reports. Wolfe Research lifted their price objective on Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. UBS Group reiterated a “buy” rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Truist Financial lifted their price objective on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Zacks Research cut Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Finally, Citigroup restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Three investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $266.26.
Amazon.com Stock Up 1.6%
Shares of NASDAQ AMZN opened at $225.22 on Thursday. The firm has a market cap of $2.40 trillion, a price-to-earnings ratio of 34.33, a PEG ratio of 1.48 and a beta of 1.28. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The business’s 50 day moving average is $226.03 and its two-hundred day moving average is $211.58.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its 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 company had revenue of $167.70 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.
Insider Buying and Selling
In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction that occurred 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 sale, the vice president owned 119,780 shares of the company’s stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,313,335 shares of company stock valued at $4,164,795,815 over the last quarter. 9.70% of the stock is owned by corporate insiders.
Amazon.com Company 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.
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