Amazon.com, Inc. $AMZN Position Decreased by Evanson Asset Management LLC

Key Points

• Evanson Asset Management LLC reduced its stake in Amazon.com, Inc. by 29.6% during the 2nd quarter, now holding 45,406 shares valued at approximately $9.96 million.
• Analysts have set a consensus target price of $266.26 for Amazon, with many firms recommending a "buy" rating, as recent reports show a positive outlook for the company's stock.
• Amazon shares have seen recent insider selling, including the VP and CEO, with over 20 million shares sold by insiders in the past three months.

Evanson Asset Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 29.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,406 shares of the e-commerce giant's stock after selling 19,116 shares during the period. Amazon.com makes up 0.6% of Evanson Asset Management LLC's portfolio, making the stock its 29th biggest holding. Evanson Asset Management LLC's holdings in Amazon.com were worth $9,962,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Carderock Capital Management Inc. acquired a new position in Amazon.com in the 2nd quarter valued at approximately $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com in the 1st quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. increased its stake in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 95 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of several research reports. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Stifel Nicolaus increased their price target on shares of Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Wedbush reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Friday, September 19th. DA Davidson lifted their price objective on shares of Amazon.com from $230.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, HSBC lifted their price objective on shares of Amazon.com from $256.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $266.26.

Amazon.com Stock Down 1.3%

Shares of NASDAQ:AMZN opened at $219.51 on Friday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week 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. The company's fifty day moving average is $226.55 and its 200-day moving average is $211.13. The company has a market capitalization of $2.34 trillion, a PE ratio of 33.46, a P/E/G ratio of 1.47 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the company earned $1.26 EPS. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,715 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares in the company, valued at $111,916,569.70. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,845,122 shares of company stock worth $4,731,747,929 in the last three months. Company insiders own 9.70% of the company's stock.

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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