Biltmore Wealth Management LLC Holds a $1.23 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

2 min read | January 26, 2025 01:32 AM PST | By Team Kalkine Media

Biltmore Wealth Management LLC Holds a $1.23 Million Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Significant Institutional Investment

Institutional investors have exhibited strong confidence in Amazon.com, Inc. (NASDAQ:AMZN), with numerous firms adjusting their stakes in the company. Biltmore Wealth Management LLC recently increased its holdings by 2.0% in the fourth quarter, now owning 5,607 shares valued at approximately $1,230,000. This accounts for 0.5% of Biltmore's portfolio, making it the 21st largest position in their holdings.

Other firms, such as Rench Wealth Management Inc. and Foundations Investment Advisors LLC, also bolstered their holdings, with Rench acquiring an additional 3,703 shares and Foundations adding 16,392 shares to their portfolios. Blankinship & Foster LLC demonstrated significant confidence by increasing its position by 216.4% in the third quarter, indicating robust institutional support.

Strong Earnings Performance

Amazon's latest earnings report reflected a strong performance with reported earnings per share (EPS) of $1.43, surpassing the consensus estimate of $1.14. The company posted a net margin of 8.04% and a return on equity of 22.41%, driven by total revenue of $158.88 billion for the quarter. This represents an 11.0% increase compared to the previous year's same period, highlighting Amazon's successful growth trajectory.

Resilient Market Position

Amazon maintains a strong market presence with a substantial share of institutional ownership, accounting for 72.20% of the company's stock. Insider transactions also highlight market movements, with recent sell-offs disclosed by CEO Matthew S. Garman and Director Jonathan Rubinstein, among others. Despite these moves, Amazon remains a dominant player with a market capitalization of $2.47 trillion and notable liquidity metrics such as a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

About Amazon.com

Amazon.com, Inc. operates globally across multiple segments, including North America, International, and Amazon Web Services (AWS). It is involved in consumer product retail, advertising, subscription services, and the manufacture of electronic devices such as Kindle, Fire tablets, and Echo. The company's diverse portfolio and global reach underscore its strength and adaptability in the changing market landscape.

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