Avondale Wealth Management Increases Stock Position in Amazon.com, Inc. $AMZN

Avondale Wealth Management increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 18.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,898 shares of the e-commerce giant’s stock after purchasing an additional 1,573 shares during the quarter. Amazon.com accounts for 1.2% of Avondale Wealth Management’s portfolio, making the stock its 16th largest position. Avondale Wealth Management’s holdings in Amazon.com were worth $2,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the second quarter valued at $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the first quarter valued at $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at $40,000. Capitol Family Office Inc. acquired a new stake in Amazon.com in the first quarter valued at $42,000. Finally, Maryland Capital Advisors Inc. raised its holdings in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 5.0%

Shares of NASDAQ:AMZN opened at $216.37 on Monday. The stock has a market capitalization 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, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company’s fifty day moving average is $225.94 and its two-hundred day moving average is $211.97. 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 (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated 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 sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction dated Thursday, August 21st. The stock was 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 directly owned 119,780 shares in the company, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,597,911 shares of company stock worth $2,652,463,783. 10.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Pivotal Research upped their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a report on Friday, August 1st. Robert W. Baird upped their price target on shares of Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Amazon.com in a report on Wednesday, October 8th. Three 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 company’s stock. According to data from MarketBeat.com, the stock presently 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.