Marks Group Wealth Management Inc Has $10.55 Million Stock Position in Amazon.com, Inc. $AMZN

Marks Group Wealth Management Inc cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,641 shares of the e-commerce giant’s stock after selling 2,182 shares during the period. Amazon.com makes up 1.0% of Marks Group Wealth Management Inc’s holdings, making the stock its 18th biggest holding. Marks Group Wealth Management Inc’s holdings in Amazon.com were worth $10,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MilWealth Group LLC lifted its holdings in shares of Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after purchasing an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership grew its holdings in Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 180 shares in the last quarter. Fairway Wealth LLC grew its holdings in Amazon.com by 95.6% during the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. raised its position in Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.2%

Shares of Amazon.com stock opened at $230.86 on Wednesday. The firm has a market cap of $2.48 trillion, a PE ratio of 27.61, a P/E/G ratio of 1.73 and a beta of 1.46. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The stock has a fifty day moving average price of $247.03 and a 200-day moving average price of $236.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities research analysts anticipate that Amazon.com, Inc. will post 7.76 EPS for the current year.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon Web Services received several new business boosts. AI company Recursive Superintelligence announced a $400 million AWS compute agreement, while Ryanair extended its AWS AI partnership. These deals support the view that accelerating cloud and AI demand could help justify Amazon’s large infrastructure investments. Recursive Superintelligence AWS deal
• Positive Sentiment: Amazon is expanding potential growth markets. Prime Video will carry exclusive NHL playoff games in Canada, and Amazon Leo is seeking approval for as many as 5,105 satellites to provide direct-to-device voice and data services beginning in 2028. The satellite initiative, supported by Amazon’s planned Globalstar acquisition, could broaden its connectivity opportunity but will require substantial investment. Amazon satellite network
• Positive Sentiment: Bank of America reportedly sees a sizable mark-to-market gain from Amazon’s approximately $13 billion Anthropic stake, offering a potential valuation boost when results are released. Analysts remain broadly bullish; Mizuho lowered its target modestly to $320 while retaining an outperform rating. Amazon’s Anthropic stake
• Neutral Sentiment: Amazon is reportedly winding down many Nova AI models and reorganizing its AI teams around a new frontier-model effort. Management may be reallocating resources toward a more competitive product, but the change also raises questions about execution and the returns on prior AI spending. Amazon AI strategy overhaul
• Negative Sentiment: Options markets imply an unusually large move of about 6.9% around earnings. Investors will focus on AWS growth, operating margins, free cash flow, Prime Day effects and whether Amazon raises its already-heavy capital-spending outlook. Short sellers are also increasing positions ahead of the report, reflecting elevated downside risk. Amazon earnings volatility

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. The trade was a 18.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 140,425 shares of company stock valued at $37,715,464. Company insiders own 8.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley raised their price objective on Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Roth Capital upped their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group reiterated a “buy” rating and issued a $335.00 target price on shares of Amazon.com in a report on Thursday, July 9th. TD Cowen reissued a “buy” rating and set a $340.00 price target (down from $350.00) on shares of Amazon.com in a research report on Wednesday, July 8th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Amazon.com in a report on Tuesday, June 16th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $313.43.

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.