Amazon.com, Inc. $AMZN Shares Acquired by Asio Capital LLC

Key Points

• Asio Capital LLC increased its stake in Amazon.com, Inc. by 6.2% in the 2nd quarter, owning 62,023 shares valued at approximately $13.6 million.
• Multiple analysts upgraded their price targets for Amazon.com, with BMO Capital Markets setting a new target of $280, while Goldman Sachs raised theirs to $275.
• Insiders, including CEO Andrew R. Jassy, sold shares in August, with total insider sales over the last ninety days amounting to $2.48 billion.

Asio Capital LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 62,023 shares of the e-commerce giant's stock after acquiring an additional 3,642 shares during the period. Amazon.com accounts for approximately 2.3% of Asio Capital LLC's portfolio, making the stock its 8th biggest position. Asio Capital LLC's holdings in Amazon.com were worth $13,607,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several analysts have weighed in on the company. BMO Capital Markets upped their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 1st. Roth Capital set a $250.00 target price on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Westpark Capital reiterated a "buy" rating and issued a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. The Goldman Sachs Group increased their target price on Amazon.com from $240.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $266.26.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. Corporate insiders own 10.80% of the company's stock.

Amazon.com Stock Up 1.7%

Shares of Amazon.com stock opened at $220.07 on Tuesday. The business's fifty day moving average price is $226.10 and its two-hundred day moving average price is $212.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company has a market capitalization of $2.35 trillion, a P/E ratio of 33.55, a PEG ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 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 firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.

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