Kovack Advisors Inc. Boosts Position in Amazon.com, Inc. $AMZN

Kovack Advisors Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,218 shares of the e-commerce giant’s stock after buying an additional 696 shares during the period. Amazon.com accounts for 2.9% of Kovack Advisors Inc.’s portfolio, making the stock its 4th biggest holding. Kovack Advisors Inc.’s holdings in Amazon.com were worth $29,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the 2nd quarter valued at $27,000. Cooksen Wealth LLC bought a new position in Amazon.com in the 1st quarter worth $36,000. Maryland Capital Advisors Inc. increased its stake in Amazon.com by 81.9% in 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 in the last quarter. Ryan Investment Management Inc. purchased a new stake in Amazon.com in the 2nd quarter worth $48,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in Amazon.com during the first quarter valued at about $59,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. This represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 82,234 shares of company stock valued at $19,052,442. Corporate insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp increased their target price on Amazon.com from $300.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Citizens Jmp increased their price objective on shares of Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a report on Friday, October 31st. JMP Securities set a $300.00 price objective on shares of Amazon.com in a research report on Friday, October 31st. CICC Research upped their target price on shares of Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Truist Financial set a $290.00 price target on shares of Amazon.com in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.78.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $229.67 on Wednesday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 35.01, a PEG ratio of 1.52 and a beta of 1.29. The firm has a fifty day simple moving average of $227.58 and a two-hundred day simple moving average of $222.71. 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 (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion for 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 business’s revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.