IMS Capital Management Purchases New Holdings in Amazon.com, Inc. $AMZN

Key Points

• IMS Capital Management has acquired a new stake in Amazon.com, purchasing 50,363 shares valued at approximately $11 million, making Amazon the firm's third largest position in its portfolio.
• In recent trading, Amazon.com's stock has a price target increase from multiple analysts, including a rise to $297 by Rosenblatt Securities, while the stock currently has an average rating of Buy.
• Despite a recent decrease, Amazon reported earnings per share of $1.68, surpassing analyst expectations, with revenue of $167.70 billion for the quarter, marking a 13.3% year-over-year increase.

IMS Capital Management purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 50,363 shares of the e-commerce giant's stock, valued at approximately $11,049,000. Amazon.com comprises 5.2% of IMS Capital Management's portfolio, making the stock its 3rd biggest position.

Other large investors have also bought and sold shares of the company. Western Wealth Management LLC increased its position in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after buying an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC increased its position in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock worth $968,000 after buying an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth $514,000. Border to Coast Pensions Partnership Ltd increased its position in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant's stock worth $249,295,000 after buying an additional 63,924 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 2,145 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the transaction, the chief executive officer owned 515,507 shares in the company, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,845,122 shares of company stock worth $4,731,747,929 in the last 90 days. 9.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMZN. Rosenblatt Securities raised their price target on Amazon.com from $288.00 to $297.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Wall Street Zen raised Amazon.com from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Citizens Jmp began coverage on Amazon.com in a report on Thursday, July 10th. They issued a "strong-buy" rating for the company. Finally, Truist Financial raised their price target on Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday, September 16th. Three 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 company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $266.26.

Amazon.com Trading Down 1.3%

NASDAQ AMZN opened at $219.51 on Friday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $226.55 and a 200-day moving average of $211.13. The firm has a market cap of $2.34 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the company posted $1.26 EPS. Amazon.com'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. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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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