Amazon.com, Inc. $AMZN is Chesley Taft & Associates LLC's 5th Largest Position

Key Points

• Chesley Taft & Associates LLC increased its investment in Amazon.com by 20.6% during the second quarter, making up approximately 3.0% of its portfolio, with a value of around $67.5 million.
• Analysts have largely maintained a positive outlook on Amazon.com, with a majority rating it as "Buy" and the average price target currently set at $263.30.
• Insider activity saw significant share sales, including CEO Douglas J. Herrington selling 2,500 shares valued at approximately $558,725, which slightly decreased their ownership stake.

Chesley Taft & Associates LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,645 shares of the e-commerce giant's stock after purchasing an additional 52,638 shares during the period. Amazon.com makes up approximately 3.0% of Chesley Taft & Associates LLC's portfolio, making the stock its 5th largest position. Chesley Taft & Associates LLC's holdings in Amazon.com were worth $67,494,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at about $40,000. Capitol Family Office Inc. acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $42,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $59,000. Finally, von Borstel & Associates Inc. acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $66,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Amazon.com in a research report on Wednesday, September 10th. Rosenblatt Securities raised their target price on shares of Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Wells Fargo & Company raised their target price on shares of Amazon.com from $238.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Barclays increased their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $263.30.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the sale, the chief executive officer owned 518,007 shares in the company, valued at $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 over the last quarter. Corporate insiders own 10.80% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $220.71 on Wednesday. The firm has a market cap of $2.35 trillion, a P/E ratio of 33.64, a P/E/G ratio of 1.52 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The firm has a fifty day moving average of $227.74 and a two-hundred day moving average of $209.76.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 previous year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.

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