Wallington Asset Management LLC Acquires 1,705 Shares of Amazon.com, Inc. $AMZN

Key Points

• Wallington Asset Management LLC increased its stake in Amazon.com, Inc. by 1.8% in Q2, now holding 94,906 shares valued at approximately $20.82 million.
• Analysts have a positive outlook on Amazon, with several price target increases, and a consensus rating of "Buy" with an average price target of $266.26.
• Amazon.com reported earnings of $1.68 per share in its last quarter, exceeding expectations, and saw a 13.3% year-over-year revenue growth.

Wallington Asset Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,906 shares of the e-commerce giant's stock after buying an additional 1,705 shares during the quarter. Amazon.com accounts for 2.9% of Wallington Asset Management LLC's holdings, making the stock its 11th largest holding. Wallington Asset Management LLC's holdings in Amazon.com were worth $20,821,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com during the 1st quarter worth $42,000. Finally, Maryland Capital Advisors Inc. lifted its stake in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 95 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. HSBC upped their price objective on Amazon.com from $256.00 to $260.00 and gave the stock a "buy" rating in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft upped their price objective on Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Moffett Nathanson upped their price objective on Amazon.com from $250.00 to $253.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, UBS Group restated a "buy" rating and set a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and an average price target of $266.26.

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,252,009 shares of company stock valued at $976,047,640. Insiders own 10.80% of the company's stock.

Amazon.com Trading Up 1.6%

Amazon.com stock opened at $216.48 on Tuesday. The stock has a 50-day moving average of $225.56 and a two-hundred day moving average of $213.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The stock 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. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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. The business 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 company's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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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