Genesis Private Wealth LLC Lowers Stock Holdings in Amazon.com, Inc. $AMZN

Genesis Private Wealth LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,399 shares of the e-commerce giant’s stock after selling 74 shares during the period. Genesis Private Wealth LLC’s holdings in Amazon.com were worth $2,062,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the second quarter valued at about $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the first quarter valued at about $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the first quarter valued at about $40,000. Maryland Capital Advisors Inc. raised its position in Amazon.com by 81.9% during the second 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 in the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com during the first quarter valued at about $42,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 5.0%

NASDAQ AMZN opened at $216.37 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market capitalization of $2.31 trillion, a PE ratio of 32.98, a PEG 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 business’s 50-day moving average is $225.94 and its 200 day moving average is $211.97.

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 the consensus estimate 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 return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Westpark Capital reiterated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Stifel Nicolaus lifted their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Wolfe Research lifted their price objective on Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Scotiabank lifted their price objective on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a report on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $266.26.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of Amazon.com 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 sale, the senior vice president directly owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 11,597,911 shares of company stock worth $2,652,463,783. Insiders own 10.80% of the company’s stock.

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.