Forefront Wealth Management Inc. Cuts Position in Amazon.com, Inc. $AMZN

Forefront Wealth Management Inc. decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the second quarter, HoldingsChannel reports. The fund owned 36,340 shares of the e-commerce giant’s stock after selling 47 shares during the quarter. Amazon.com accounts for approximately 6.4% of Forefront Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest holding. Forefront Wealth Management Inc.’s holdings in Amazon.com were worth $7,973,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Scott & Selber Inc. increased its stake in Amazon.com by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 61,131 shares of the e-commerce giant’s stock worth $13,412,000 after buying an additional 449 shares during the period. Global Trust Asset Management LLC increased its stake in Amazon.com by 24.7% in the 2nd quarter. Global Trust Asset Management LLC now owns 22,266 shares of the e-commerce giant’s stock worth $4,885,000 after buying an additional 4,413 shares during the period. Investment Advisory Services Inc. TX ADV increased its stake in Amazon.com by 7.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 15,537 shares of the e-commerce giant’s stock worth $3,409,000 after buying an additional 1,113 shares during the period. Independence Bank of Kentucky increased its stake in Amazon.com by 5.2% in the 2nd quarter. Independence Bank of Kentucky now owns 85,531 shares of the e-commerce giant’s stock worth $18,765,000 after buying an additional 4,266 shares during the period. Finally, Moody Lynn & Lieberson LLC increased its stake in Amazon.com by 5.0% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 250,597 shares of the e-commerce giant’s stock worth $54,978,000 after buying an additional 11,994 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. UBS Group reaffirmed a “buy” rating and issued a $271.00 price target (up previously from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Oppenheimer reduced their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, Moffett Nathanson increased their target price on shares of Amazon.com from $250.00 to $253.00 and gave the stock a “buy” rating in a report on Tuesday, June 24th. Three equities research 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, Amazon.com presently has an average rating of “Buy” and an average price target of $266.26.

Amazon.com Stock Performance

AMZN stock opened at $216.37 on Monday. The firm has a market cap of $2.31 trillion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.43 and a beta of 1.28. The firm has a 50-day simple moving average of $225.94 and a two-hundred day simple moving average of $211.97. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. 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 released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating 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 net margin of 10.54% and a return on equity of 23.84%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,597,911 shares of company stock valued at $2,652,463,783. 10.80% of the stock is currently owned by corporate insiders.

Amazon.com 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.