LS Investment Advisors LLC Lowers Position in Amazon.com, Inc. $AMZN

Key Points

• LS Investment Advisors LLC reduced its stake in Amazon.com, Inc. by 1.6%, now holding 77,714 shares worth approximately $17.05 million.
• Various institutional investors, including Kingstone Capital Partners, have significantly increased their holdings in Amazon.com, reflecting a strong institutional interest in the stock.
• Amazon.com has received positive ratings from multiple analysts, with a consensus rating of "Buy" and a target price of $266.26.

LS Investment Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,714 shares of the e-commerce giant's stock after selling 1,240 shares during the quarter. Amazon.com makes up about 2.5% of LS Investment Advisors LLC's investment portfolio, making the stock its 11th largest position. LS Investment Advisors LLC's holdings in Amazon.com were worth $17,050,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC lifted its holdings in shares of 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. Nuveen LLC purchased a new position in shares of Amazon.com in the first quarter worth $11,674,091,000. GAMMA Investing LLC raised its stake in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in 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 purchasing an additional 8,913,959 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Amazon.com in a research note on Saturday, September 27th. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. BMO Capital Markets upped their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group upped their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Buy" and a consensus target price of $266.26.

Amazon.com Stock Performance

AMZN opened at $221.78 on Wednesday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month 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 firm has a market capitalization of $2.37 trillion, a PE ratio of 33.81, a P/E/G ratio of 1.48 and a beta of 1.28. The firm has a 50 day moving average of $226.13 and a two-hundred day moving average of $211.48.

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, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the business's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders sold 18,313,335 shares of company stock valued at $4,164,795,815 in the last quarter. Company insiders own 10.80% of the company's stock.

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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