Vest Financial LLC Adjusts Holdings in Amazon.com, Inc.

Vest Financial LLC has made changes to its investment in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by reducing its position by 0.9% during the second quarter. As per their latest filing with the Securities and Exchange Commission (SEC), the firm now holds 13,428 shares after selling 116 shares during the quarter. The value of Vest Financial's stake in Amazon.com was reported to be approximately $2,595,000 at the conclusion of the recent reporting period.

In addition to Vest Financial, various other institutional investors have either increased or decreased their stakes in Amazon.com. For instance, Lansing Street Advisors increased its holdings by 41.1% during the second quarter, bringing their total shares to 2,288, valued at $442,000 following the acquisition of an additional 666 shares. Main Street Financial Solutions LLC also raised its position by 5.4%, now owning 56,370 shares worth about $10,894,000 after buying 2,868 more shares. Furthermore, Parametrica Management Ltd ramped up its holdings in Amazon.com by 55.6%, owning 20,965 shares valued at $4,051,000 after acquiring 7,491 shares. Vanguard Capital Wealth Advisors increased its stake by 3.2%, holding 62,960 shares now valued at $12,167,000 after adding 1,935 shares. Wealthgarden F.S. LLC also invested in Amazon.com, acquiring shares valued at about $879,000. Collectively, institutional investors and hedge funds own around 72.20% of the company’s stock.

Amazon.com Stock Overview

As of the recent market opening, shares of Amazon.com were trading at $188.82. The e-commerce giant's 50-day moving average stands at $179.58, while the 200-day moving average is at $183.17. Amazon boasts a debt-to-equity ratio of 0.23, with a current ratio of 1.10 and a quick ratio of 0.88. The company’s market capitalization is approximately $1.98 trillion, and it has a price-to-earnings ratio of 45.17, along with a P/E/G ratio of 1.38 and a beta of 1.14. Over the past year, Amazon.com’s stock has fluctuated between a low of $118.35 and a high of $201.20.

Amazon.com recently reported its quarterly earnings on August 1st, revealing earnings per share of $1.23, which surpassed market expectations of $1.05 by $0.18. The company achieved revenues of $147.98 billion, though it was slightly below analyst predictions of $148.63 billion. Amazon.com registered a net margin of 7.35% and a return on equity of 21.39%. Analysts predict that the company will report an earnings per share (EPS) of 4.85 for the current fiscal year.

Insider Transactions

Recent transactions by insiders at Amazon.com include sales by senior vice president David Zapolsky, who sold 2,190 shares on September 24th for an average price of $195.00, totaling $427,050. Following this sale, he holds 62,420 shares worth approximately $12,171,900, indicating no significant change in ownership percentage. Additionally, CEO Andrew R. Jassy sold 20,784 shares on August 21st at an average price of $180.77, generating a total of about $3,757,123.68. After this sale, he continues to own around 2,056,534 shares valued at $371,759,651.18, with no substantial shift in ownership percentage. Over the past ninety days, insiders have sold 54,355 shares of the company's stock, amounting to approximately $9,877,423. Currently, corporate insiders own about 10.80% of Amazon.com's shares.

Analyst Recommendations

Several research firms have recently provided insights on Amazon.com. Pivotal Research initiated coverage, assigning a “buy” rating with a price target of $260.00. Wedbush reaffirmed its “outperform” rating with a price target of $225.00 on August 2nd. Maxim Group raised its price target from $238.00 to $251.00, also rating the stock as a “buy.” Conversely, Jefferies Financial Group adjusted its target price downwards from $235.00 to $225.00, retaining a “buy” rating. Lastly, Evercore ISI maintained its “outperform” rating and stated a price target of $240.00. Currently, two investment analysts have recommended holding the stock, while forty-two have given a buy rating, and one issued a strong buy rating. Based on data from MarketBeat, Amazon.com holds an average rating of “Moderate Buy” with an average target price of $224.00.

About Amazon.com, Inc.

Amazon.com, Inc. engages in the retail sale of consumer products through various channels, offering advertising and subscription services both online and through physical locations. It operates through three main sectors: North America, International, and Amazon Web Services (AWS). The company is also involved in manufacturing and selling electronic devices such as the Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero, in addition to producing media content.

Financial, Investment, Stock