IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 17,039 Shares of Amazon.com, Inc. $AMZN

IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 119.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 31,313 shares of the e-commerce giant’s stock after purchasing an additional 17,039 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Amazon.com were worth $6,870,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Carderock Capital Management Inc. bought a new position in Amazon.com during the 2nd quarter worth $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $36,000. Maryland Capital Advisors Inc. grew its stake in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares in the last quarter. Ryan Investment Management Inc. bought a new position in Amazon.com during the second quarter worth about $48,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Amazon.com in the 1st quarter worth about $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Up 1.6%

AMZN stock opened at $220.69 on Friday. The firm has a 50-day moving average price of $227.77 and a 200-day moving average price of $221.72. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 33.64, 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, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the prior year, the company earned $1.43 EPS. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the transaction, the director directly owned 80,030 shares in the company, valued at approximately $20,009,900.90. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 22,000 shares of Amazon.com stock in a transaction dated 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 sale, the chief executive officer directly owned 493,507 shares in the company, valued at $123,391,555.21. The trade was a 4.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 43,357 shares of company stock worth $10,607,215. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Sanford C. Bernstein set a $300.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Friday, October 31st. Truist Financial set a $290.00 price target on Amazon.com in a research note on Friday, October 31st. Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Raymond James Financial lifted their price objective on Amazon.com from $230.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Zacks Research raised Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $294.70.

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.