Nova R Wealth Inc. Reduces Stock Position in Amazon.com, Inc. $AMZN

Nova R Wealth Inc. lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,391 shares of the e-commerce giant’s stock after selling 249 shares during the quarter. Amazon.com accounts for 1.9% of Nova R Wealth Inc.’s portfolio, making the stock its 15th largest position. Nova R Wealth Inc.’s holdings in Amazon.com were worth $4,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC boosted its holdings in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC boosted its holdings in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd boosted its holdings in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after purchasing an additional 63,924 shares during the last quarter. Finally, Formidable Asset Management LLC boosted its holdings in Amazon.com by 2.6% in the first quarter. Formidable Asset Management LLC now owns 35,136 shares of the e-commerce giant’s stock worth $6,685,000 after purchasing an additional 889 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 5.0%

AMZN opened at $216.37 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm’s fifty day moving average is $225.94 and its 200 day moving average is $211.97. The stock has a market cap of $2.31 trillion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, September 19th. DA Davidson boosted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Scotiabank boosted their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. Pivotal Research boosted their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, September 11th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $266.26.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,597,911 shares of company stock worth $2,652,463,783 in the last 90 days. 10.80% of the stock is owned by company insiders.

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.