Canvas Wealth Advisors LLC Has $17.30 Million Stock Holdings in Amazon.com, Inc. $AMZN

Canvas Wealth Advisors LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,310 shares of the e-commerce giant’s stock after purchasing an additional 855 shares during the quarter. Amazon.com comprises 3.5% of Canvas Wealth Advisors LLC’s holdings, making the stock its 9th biggest position. Canvas Wealth Advisors LLC’s holdings in Amazon.com were worth $17,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Carderock Capital Management Inc. bought a new stake in Amazon.com during the 2nd quarter valued at $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter worth $36,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the first quarter valued at $42,000. Maryland Capital Advisors Inc. raised its stake in shares of Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. Finally, Ryan Investment Management Inc. acquired a new stake in Amazon.com in the second quarter worth about $48,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Mizuho set a $315.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Susquehanna set a $300.00 target price on Amazon.com and gave the stock a “positive” rating in a report on Friday, October 31st. KeyCorp increased their price target on Amazon.com from $300.00 to $303.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, JMP Securities set a $300.00 price target on Amazon.com in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $294.15.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 22,000 shares of Amazon.com stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the company’s 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 owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 128,084 shares of company stock valued at $29,405,457. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $249.10 on Wednesday. The stock’s fifty day simple moving average is $228.25 and its 200 day simple moving average is $219.87. The stock has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 37.97, a PEG ratio of 1.52 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share 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%.Amazon.com’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share 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.