Congress Asset Management Co. Has $201.46 Million Position in Amazon.com, Inc. $AMZN

Key Points

• Congress Asset Management Co. has reduced its stake in Amazon.com by 0.8%, holding 918,286 shares worth approximately $201.46 million, making it the fund's 10th largest position.
• Leading institutional investors, including Vanguard Group and Kingstone Capital Partners, have significantly increased their stakes in Amazon, highlighting strong institutional interest with 72.20% of the stock now owned by such investors.
• Recent insider trading shows CEO Douglas J. Herrington sold 2,500 shares at an average price of $217.10, resulting in an ownership decrease of 0.48% post-transaction.

Congress Asset Management Co. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 918,286 shares of the e-commerce giant's stock after selling 7,057 shares during the period. Amazon.com comprises 1.4% of Congress Asset Management Co.'s portfolio, making the stock its 10th largest position. Congress Asset Management Co.'s holdings in Amazon.com were worth $201,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its stake in Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Northern Trust Corp raised its stake in Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock worth $18,527,354,000 after buying an additional 302,858 shares in the last quarter. Nuveen LLC bought a new position in Amazon.com in the first quarter worth about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Amazon.com by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant's stock worth $11,461,952,000 after buying an additional 605,415 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the sale, the chief executive officer owned 515,507 shares in the company, valued at approximately $111,916,569.70. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,313,335 shares of company stock valued at $4,164,795,815 in the last ninety days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Up 0.4%

NASDAQ:AMZN opened at $221.78 on Wednesday. The company's 50 day moving average price is $226.13 and its 200-day moving average price is $211.48. 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 cap of $2.37 trillion, a price-to-earnings ratio of 33.81, a PEG ratio of 1.48 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 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 firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The business's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on AMZN. Susquehanna increased their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. HSBC increased their price target on shares of Amazon.com from $256.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $265.00 price target on shares of Amazon.com in a research note on Wednesday, September 24th. Three 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $266.26.

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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