Spinnaker Investment Group LLC Has $1.07 Million Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Spinnaker Investment Group LLC reduced its holdings in Amazon.com by 28.6%, now owning shares worth approximately $1.07 million.
• Analysts generally hold a positive outlook on Amazon, with a consensus Buy rating and a consensus price target of $266.26.
• Insider transactions include significant sales from CEOs Matthew S. Garman and Andrew R. Jassy, indicating changes in ownership levels among the company's leaders.

Spinnaker Investment Group LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,853 shares of the e-commerce giant's stock after selling 1,942 shares during the period. Spinnaker Investment Group LLC's holdings in Amazon.com were worth $1,065,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Carderock Capital Management Inc. acquired a new position in Amazon.com in the 2nd quarter valued at approximately $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the 1st quarter valued at approximately $40,000. Maryland Capital Advisors Inc. raised its holdings in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock valued at $46,000 after acquiring an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com in the 1st quarter valued at approximately $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on AMZN. Wedbush reaffirmed an "outperform" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, September 19th. Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Morgan Stanley reiterated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, September 10th. Monness Crespi & Hardt upped their price objective on Amazon.com from $265.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Finally, Wolfe Research upped their price objective on Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Three 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. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $266.26.

Amazon.com Stock Up 1.6%

NASDAQ AMZN opened at $225.22 on Thursday. The firm has a market cap of $2.40 trillion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. The stock's 50 day simple moving average is $226.03 and its 200 day simple moving average is $211.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. 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 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. 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 over the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

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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