Phoenix Financial Ltd. Increases Stock Position in Amazon.com, Inc. $AMZN

Phoenix Financial Ltd. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,577,948 shares of the e-commerce giant’s stock after purchasing an additional 91,919 shares during the quarter. Amazon.com comprises about 4.6% of Phoenix Financial Ltd.’s holdings, making the stock its 4th biggest holding. Phoenix Financial Ltd.’s holdings in Amazon.com were worth $346,003,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barlow Wealth Partners Inc. lifted its holdings in shares of Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after purchasing an additional 44 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its holdings in Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares in the last quarter. Bare Financial Services Inc raised its position in Amazon.com by 5.4% in the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after buying an additional 48 shares during the last quarter. Heritage Oak Wealth Advisors LLC lifted its stake in Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after acquiring an additional 48 shares during the period. Finally, Cobblestone Asset Management LLC boosted its holdings in shares of Amazon.com by 3.1% during the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after acquiring an additional 50 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Telsey Advisory Group boosted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, October 31st. China Renaissance lifted their target price on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. UBS Group set a $310.00 target price on shares of Amazon.com in a research note on Friday, October 31st. CICC Research increased their price target on Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Finally, Citizens Jmp lifted their price objective on Amazon.com from $285.00 to $300.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $294.15.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $244.20 on Thursday. The stock has a market cap of $2.61 trillion, a P/E ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock’s fifty day moving average is $228.61 and its 200 day moving average is $220.04. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the prior year, the business posted $1.43 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated 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 $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the transaction, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 128,084 shares of company stock worth $29,405,457 in the last ninety days. Corporate insiders own 9.70% 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.