Charter Capital Management LLC DE Takes Position in Amazon.com, Inc. $AMZN

Key Points

• Charter Capital Management LLC acquired a new stake in Amazon.com, buying 2,460 shares valued at approximately $540,000 during the second quarter.
• Amazon reported $1.68 earnings per share for the last quarter, beating analysts' expectations of $1.31, and had revenue of $167.70 billion, exceeding predictions.
• Multiple brokerage firms have increased their target prices for Amazon.com, with price targets now ranging between $255.00 and $280.00 and a consensus rating of "Buy."

Charter Capital Management LLC DE purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,460 shares of the e-commerce giant's stock, valued at approximately $540,000.

Other institutional investors have also recently made changes to their positions in the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the second quarter valued at approximately $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter valued at approximately $40,000. Maryland Capital Advisors Inc. raised its position in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 95 shares during the period. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter valued at approximately $42,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 1.3%

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 quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.34 trillion, a P/E ratio of 33.46, a P/E/G ratio of 1.49 and a beta of 1.28. The firm has a 50-day moving average price of $226.55 and a 200 day moving average price of $211.02.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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. 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 during the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the company posted $1.26 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMZN. Wolfe Research boosted their target price on Amazon.com from $265.00 to $270.00 in a research report on Tuesday. Bank of America boosted their target price on Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research report on Friday, August 1st. BMO Capital Markets boosted their target price on Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Piper Sandler boosted their price target on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Westpark Capital restated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Three equities research 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $266.26.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on 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. Over the last ninety days, insiders sold 20,845,122 shares of company stock valued at $4,731,747,929. Corporate insiders own 9.70% of the company's stock.

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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