Hidden Cove Wealth Management LLC Decreases Stock Holdings in Amazon.com, Inc. $AMZN

Hidden Cove Wealth Management LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 8,321 shares of the e-commerce giant’s stock after selling 653 shares during the period. Amazon.com accounts for about 1.3% of Hidden Cove Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. Hidden Cove Wealth Management LLC’s holdings in Amazon.com were worth $1,826,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Bare Financial Services Inc raised its stake 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 acquiring an additional 48 shares during the last quarter. Cobblestone Asset Management LLC raised its stake in Amazon.com by 3.1% in the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after acquiring an additional 50 shares during the last quarter. Seek First Inc. raised its stake in Amazon.com by 0.5% in the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock worth $2,009,000 after acquiring an additional 50 shares during the last quarter. Vista Investment Partners LLC raised its stake in Amazon.com by 0.9% in the 2nd quarter. Vista Investment Partners LLC now owns 5,859 shares of the e-commerce giant’s stock worth $1,285,000 after acquiring an additional 52 shares during the last quarter. Finally, Stonekeep Investments LLC raised its stake in Amazon.com by 0.4% in the 2nd quarter. Stonekeep Investments LLC now owns 13,811 shares of the e-commerce giant’s stock worth $3,030,000 after acquiring an additional 54 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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 transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total value of $558,725.00. Following the transaction, the chief executive officer owned 518,007 shares of the company’s stock, valued at approximately $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,842,622 shares of company stock valued at $4,731,205,179 in the last quarter. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMZN. Westpark Capital restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Citigroup restated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a research note on Friday, June 27th. Finally, BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $265.09.

Amazon.com Price Performance

Amazon.com stock opened at $222.41 on Friday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.90, a PEG ratio of 1.47 and a beta of 1.28. The company has a fifty day simple moving average of $226.79 and a 200-day simple moving average of $210.83. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 23.84% and a net margin of 10.54%.The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.