Amazon.com, Inc. $AMZN Shares Bought by Phraction Management LLC

Phraction Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the second quarter, Holdings Channel.com reports. The fund owned 118,988 shares of the e-commerce giant’s stock after buying an additional 1,400 shares during the quarter. Amazon.com comprises about 8.3% of Phraction Management LLC’s holdings, making the stock its 2nd biggest position. Phraction Management LLC’s holdings in Amazon.com were worth $26,105,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Whelan Financial lifted its holdings in shares of Amazon.com by 7.1% in the second quarter. Whelan Financial now owns 10,252 shares of the e-commerce giant’s stock valued at $2,249,000 after purchasing an additional 683 shares in the last quarter. Vanderbilt University lifted its holdings in shares of Amazon.com by 23.7% in the second quarter. Vanderbilt University now owns 32,205 shares of the e-commerce giant’s stock valued at $7,065,000 after purchasing an additional 6,176 shares in the last quarter. HighMark Wealth Management LLC lifted its holdings in shares of Amazon.com by 2.0% in the second quarter. HighMark Wealth Management LLC now owns 3,571 shares of the e-commerce giant’s stock valued at $783,000 after purchasing an additional 71 shares in the last quarter. Gray Private Wealth LLC lifted its holdings in shares of Amazon.com by 32.6% in the second quarter. Gray Private Wealth LLC now owns 4,025 shares of the e-commerce giant’s stock valued at $883,000 after purchasing an additional 989 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in shares of Amazon.com by 14.0% in the second quarter. DHJJ Financial Advisors Ltd. now owns 3,756 shares of the e-commerce giant’s stock valued at $824,000 after purchasing an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $213.04 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The business has a fifty day simple moving average of $225.66 and a 200 day simple moving average of $212.88. The firm has a market cap of $2.27 trillion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The business 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%.Amazon.com’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $250.00 target price on shares of Amazon.com in a report on Friday, September 19th. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 19th. Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $245.00 to $280.00 in a report on Wednesday, September 24th. Finally, Morgan Stanley restated an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $266.26.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the 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 transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. The trade was 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 sold 6,591,479 shares of company stock valued at $1,512,698,663. Corporate insiders own 10.80% of the company’s stock.

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.