Amazon.com, Inc. $AMZN Stock Position Lowered by Prairie Sky Financial Group LLC

Prairie Sky Financial Group LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the second quarter, Holdings Channel reports. The firm owned 48,747 shares of the e-commerce giant’s stock after selling 389 shares during the period. Amazon.com makes up 5.9% of Prairie Sky Financial Group LLC’s portfolio, making the stock its 8th biggest position. Prairie Sky Financial Group LLC’s holdings in Amazon.com were worth $10,695,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the first quarter valued at $36,000. Inlight Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter valued at $40,000. Maryland Capital Advisors Inc. increased its stake in 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 buying an additional 95 shares during the period. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com in the 1st quarter worth $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 128,084 shares of company stock valued at $29,405,457 in the last ninety days. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMZN. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Monday. Arete lifted their price objective on Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. BMO Capital Markets reiterated an “outperform” rating and set a $300.00 target price on shares of Amazon.com in a research note on Friday, October 31st. Finally, Truist Financial set a $290.00 price target on shares of Amazon.com in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $293.17.

Amazon.com Price Performance

AMZN opened at $243.04 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $227.08 and its 200 day moving average price is $217.89. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm has a market cap of $2.60 trillion, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.