Monetta Financial Services Inc. Takes $11.08 Million Position in Amazon.com, Inc. $AMZN

Monetta Financial Services Inc. bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 46,500 shares of the e-commerce giant's stock, valued at approximately $11,083,000. Amazon.com makes up about 7.5% of Monetta Financial Services Inc.'s holdings, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Longfellow Investment Management Co. LLC acquired a new stake in Amazon.com in the 2nd quarter valued at about $33,000. MilWealth Group LLC increased its stake in shares of Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com during the 4th quarter valued at $45,000. Prudent Man Investment Management Inc. raised its holdings in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock valued at $53,000 after purchasing an additional 107 shares in the last quarter. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at $68,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $253.54 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The company has a market capitalization of $2.73 trillion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.98 and a beta of 1.44. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The business has a 50 day simple moving average of $255.75 and a 200 day simple moving average of $244.72.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. During the same period in the prior year, the business posted $1.68 earnings per share. The business's revenue was up 19.6% compared to the same quarter last year. On average, sell-side analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank Of Canada increased their target price on shares of Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. The Goldman Sachs Group reiterated a "buy" rating and set a $375.00 price target (up from $335.00) on shares of Amazon.com in a research note on Friday, July 31st. Oppenheimer restated an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. DA Davidson reissued a "neutral" rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Finally, Phillip Securities cut shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $323.26.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon’s advertising business is expanding beyond its own properties through a pilot partnership that lets select advertisers extend Amazon campaigns into ChatGPT. The initiative could broaden Amazon DSP’s reach and create a new revenue channel, although financial terms remain undisclosed. Amazon Is Becoming a Gateway to ChatGPT Ads
• Positive Sentiment: Zoox is entering San Francisco’s robotaxi market, increasing Amazon’s exposure to autonomous transportation and creating potential long-term upside if the service scales successfully. Amazon’s Zoox Enters San Francisco’s Crowded Robotaxi Market
• Positive Sentiment: Amazon completed a £4.242 billion sterling-denominated senior debt offering, supporting its U.K. operations and broader funding needs. The issuance improves liquidity flexibility but also adds to the company’s debt load. Amazon Boosts UK Presence With Sterling Debt Offering

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at approximately $31,024,217.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,568,785. 8.90% of the stock is currently owned by company insiders.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon's websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

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