VELA Investment Management LLC Has $8.28 Million Stock Holdings in Amazon.com, Inc. $AMZN

VELA Investment Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 66.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,753 shares of the e-commerce giant’s stock after buying an additional 15,106 shares during the period. Amazon.com comprises about 2.2% of VELA Investment Management LLC’s holdings, making the stock its 5th biggest position. VELA Investment Management LLC’s holdings in Amazon.com were worth $8,283,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Barlow Wealth Partners Inc. grew its holdings in Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after purchasing an additional 44 shares during the period. Ridgecrest Wealth Partners LLC raised its stake in shares of Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after buying an additional 45 shares during the period. Bare Financial Services Inc lifted its position in shares of Amazon.com by 5.4% during the 1st quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after buying an additional 48 shares during the last quarter. Heritage Oak Wealth Advisors LLC grew its stake in shares of Amazon.com by 1.2% during the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after acquiring an additional 48 shares during the period. Finally, Cobblestone Asset Management LLC raised its stake in Amazon.com by 3.1% in the 2nd quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock valued at $367,000 after acquiring an additional 50 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the transaction, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This represents a 85.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 128,084 shares of company stock valued at $29,405,457 over the last three months. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $244.41 on Friday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The stock has a fifty day moving average of $227.39 and a 200 day moving average of $218.75. 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 firm has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for 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 company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on AMZN. BMO Capital Markets reiterated an “outperform” rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of Amazon.com in a report on Monday, November 3rd. Evercore ISI lifted their price objective on shares of Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Stifel Nicolaus boosted their target price on shares of Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Cantor Fitzgerald raised their price target on Amazon.com from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average price target of $293.17.

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.