Wealthstream Advisors Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the second quarter, HoldingsChannel.com reports. The fund owned 14,507 shares of the e-commerce giant’s stock after buying an additional 1,139 shares during the quarter. Amazon.com makes up 0.5% of Wealthstream Advisors Inc.’s portfolio, making the stock its 22nd biggest position. Wealthstream Advisors Inc.’s holdings in Amazon.com were worth $3,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Carderock Capital Management Inc. acquired a new stake in Amazon.com in the second quarter valued at about $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at approximately $36,000. Maryland Capital Advisors Inc. increased its position 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 purchasing an additional 95 shares in the last quarter. Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter valued at approximately $42,000. Finally, Ryan Investment Management Inc. acquired a new position in shares of Amazon.com in the second quarter valued at approximately $48,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Douglas J. Herrington sold 22,000 shares of Amazon.com stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $5,500,660.00. Following the completion of the sale, the chief executive officer owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. This trade represents a 85.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 128,084 shares of company stock worth $29,405,457 over the last quarter. Corporate insiders own 9.70% of the company’s stock.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly 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 the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
AMZN has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Amazon.com from $280.00 to $292.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Citigroup raised their price objective on Amazon.com from $270.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group lifted their price objective on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Telsey Advisory Group upped their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $294.04.
Check Out Our Latest Report on AMZN
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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