Westend Capital Management LLC Has $11.49 Million Position in Amazon.com, Inc. $AMZN

Key Points

• Westend Capital Management LLC increased its holdings in Amazon.com by 2.8% during Q2, now owning 52,383 shares valued at approximately $11.49 million.
• A significant share sale occurred as CFO Brian T. Olsavsky sold 17,750 shares, while CEO Douglas J. Herrington sold 2,500 shares of Amazon stock in separate transactions.
• Amazon's recent quarterly earnings revealed a net revenue of $167.70 billion, exceeding analyst estimates and showing a year-over-year increase of 13.3%.

Westend Capital Management LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,383 shares of the e-commerce giant's stock after purchasing an additional 1,443 shares during the period. Amazon.com comprises about 3.5% of Westend Capital Management LLC's portfolio, making the stock its 14th largest position. Westend Capital Management LLC's holdings in Amazon.com were worth $11,492,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the second quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $40,000. Finally, Capitol Family Office Inc. bought a new position in shares of Amazon.com in the first quarter valued at approximately $42,000. 72.20% of the stock is owned by institutional investors.

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred 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 directly owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the sale, the chief executive officer owned 518,007 shares of the company's stock, valued at $115,769,384.43. This trade represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,770,485 shares of company stock valued at $4,938,795,968. Company insiders own 10.80% of the company's stock.

Amazon.com Stock Down 1.2%

NASDAQ:AMZN opened at $219.57 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The firm's 50-day moving average price is $227.14 and its 200-day moving average price is $210.58. The company has a market capitalization of $2.34 trillion, a PE ratio of 33.47, a P/E/G ratio of 1.48 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the business earned $1.26 EPS. Amazon.com's quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on AMZN shares. Robert W. Baird raised their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Needham & Company LLC reissued a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Wedbush reissued an "outperform" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, September 19th. Finally, DA Davidson upped their target price on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of "Buy" and an average target price of $265.09.

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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