Amazon.com, Inc. $AMZN Position Increased by Northside Capital Management LLC

Key Points

• Northside Capital Management LLC significantly increased its holdings in Amazon.com, raising its position by 1,055.1% in the 2nd quarter and owning 136,816 shares valued at $30 million.
• Multiple analysts have issued positive upgrades, with price targets for Amazon.com ranging from $254.00 to $270.00, highlighting a strong buy consensus.
• Amazon's recent quarterly earnings surpassed expectations, reporting $1.68 EPS against a consensus estimate of $1.31, confirming a year-over-year revenue increase of 13.3%.

Northside Capital Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1,055.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 136,816 shares of the e-commerce giant's stock after acquiring an additional 124,971 shares during the period. Amazon.com makes up 2.3% of Northside Capital Management LLC's investment portfolio, making the stock its 10th largest position. Northside Capital Management LLC's holdings in Amazon.com were worth $30,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Carderock Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the 1st quarter worth approximately $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com in the 1st quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. lifted its position 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 worth $46,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Truist Financial lifted their price target on Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a research note on Tuesday, September 16th. BNP Paribas Exane raised Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target on the stock in a research note on Friday, June 27th. HSBC lifted their price target on Amazon.com from $256.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. Finally, Stifel Nicolaus lifted their price target on Amazon.com from $245.00 to $262.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $266.26.

Amazon.com Trading Down 1.3%

Amazon.com stock opened at $219.51 on Friday. The company has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The business's fifty day simple moving average is $226.55 and its two-hundred day simple moving average is $211.13.

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

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 20,845,122 shares of company stock worth $4,731,747,929 over the last 90 days. Corporate insiders own 9.70% of the company's stock.

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.

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