Ballentine Partners LLC Has $41.28 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• Ballentine Partners LLC increased its stake in Amazon.com by 7.8%, holding 188,167 shares worth approximately $41.28 million, making it the firm's 23rd largest investment.
• Insider transactions included SVP David Zapolsky selling 13,570 shares and CEO Andrew R. Jassy selling 19,872 shares, indicating a decrease in their ownership of the company's stock.
• Equity analysts have set a new average price target of $266.26 for Amazon.com, with a majority rating the stock as a "buy" or "outperform."

Ballentine Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,167 shares of the e-commerce giant's stock after acquiring an additional 13,638 shares during the quarter. Amazon.com accounts for about 0.6% of Ballentine Partners LLC's investment portfolio, making the stock its 23rd largest holding. Ballentine Partners LLC's holdings in Amazon.com were worth $41,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the second quarter worth about $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the first quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter worth approximately $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the 1st quarter worth $42,000. Finally, Maryland Capital Advisors Inc. increased its stake 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 acquiring an additional 95 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president directly owned 44,110 shares of the company's stock, valued at $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 completion of the transaction, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,845,122 shares of company stock valued at $4,731,747,929 in the last quarter. 9.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their target price on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Amazon.com in a research report on Saturday, September 27th. BNP Paribas upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, BMO Capital Markets boosted their target price on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. 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.com, the stock has an average rating of "Buy" and an average price target of $266.26.

Amazon.com Stock Down 1.3%

AMZN opened at $219.51 on Friday. The business's fifty day simple moving average is $226.55 and its 200 day simple moving average is $211.02. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market cap of $2.34 trillion, a PE ratio of 33.46, a P/E/G ratio of 1.49 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (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 business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the prior year, the business posted $1.26 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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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