Envestnet Asset Management Inc. Has $2.87 Billion Stake in Amazon.com, Inc. $AMZN

Envestnet Asset Management Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,082,040 shares of the e-commerce giant’s stock after purchasing an additional 466,861 shares during the quarter. Amazon.com comprises 0.8% of Envestnet Asset Management Inc.’s portfolio, making the stock its 20th biggest holding. Envestnet Asset Management Inc.’s holdings in Amazon.com were worth $2,870,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $27,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 1st quarter worth $36,000. Maryland Capital Advisors Inc. lifted its position in shares of 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 last quarter. Ryan Investment Management Inc. acquired a new stake in Amazon.com in the second quarter valued at about $48,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in Amazon.com in the first quarter valued at about $59,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Canaccord Genuity Group set a $300.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, October 31st. Benchmark increased their price objective on shares of Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, October 31st. New Street Research raised their target price on shares of Amazon.com from $270.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. DA Davidson upped their price target on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Zacks Research upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $294.70.

Amazon.com Stock Performance

NASDAQ AMZN opened at $222.69 on Thursday. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 33.95, 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 twelve month low of $161.38 and a twelve month high of $258.60. The stock has a fifty day simple moving average of $228.17 and a 200 day simple moving average of $221.51.

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

Insider Buying and Selling

In other news, Director Keith Brian Alexander sold 900 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the transaction, the director owned 7,170 shares in the company, valued at approximately $1,670,610. The trade was a 11.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 8,173 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the sale, the director owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. This trade represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 56,927 shares of company stock valued at $13,630,068. Insiders own 10.80% of the company’s stock.

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.