Elevate Capital Advisors LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 30.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,204 shares of the e-commerce giant's stock after selling 6,678 shares during the period. Amazon.com accounts for about 2.7% of Elevate Capital Advisors LLC's portfolio, making the stock its 6th largest position. Elevate Capital Advisors LLC's holdings in Amazon.com were worth $3,336,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of AMZN. Carderock Capital Management Inc. bought a new stake in Amazon.com during the 2nd quarter valued at $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the 1st quarter valued at $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com during the 1st quarter valued at $40,000. 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 valued at $46,000 after purchasing an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. bought a new stake in Amazon.com during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.
Analyst Ratings Changes
AMZN has been the subject of several recent analyst reports. Cantor Fitzgerald upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Jefferies Financial Group reiterated a "buy" rating on shares of Amazon.com in a research note on Monday. Wolfe Research upped their target price on shares of Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Finally, Evercore ISI reiterated an "outperform" rating and issued a $280.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $266.26.
View Our Latest Stock Report on Amazon.com
Amazon.com Price Performance
NASDAQ AMZN opened at $216.48 on Tuesday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a market cap of $2.31 trillion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. 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 firm's 50-day simple moving average is $225.56 and its two-hundred day simple moving average is $213.20.
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, topping 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 the consensus estimate of $161.80 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The company'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. Research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.
Insider Transactions at Amazon.com
In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $542,750.00. Following the completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at $111,916,569.70. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,252,009 shares of company stock valued at $976,047,640. Company insiders own 10.80% of the company's stock.
Amazon.com Company Profile
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Free Report)
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.
Further Reading
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