Westside Investment Management Inc. Purchases 950 Shares of Amazon.com, Inc. $AMZN

Westside Investment Management Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,065 shares of the e-commerce giant’s stock after buying an additional 950 shares during the quarter. Amazon.com makes up approximately 2.2% of Westside Investment Management Inc.’s portfolio, making the stock its 6th biggest position. Westside Investment Management Inc.’s holdings in Amazon.com were worth $12,099,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at about $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the 1st quarter valued at about $36,000. Maryland Capital Advisors Inc. raised its stake 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 valued at $46,000 after acquiring an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new stake in Amazon.com during the 2nd quarter worth approximately $48,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com in the 1st quarter valued at approximately $59,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the transaction, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 82,234 shares of company stock valued at $19,052,442 in the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Trading Up 1.8%

Shares of Amazon.com stock opened at $233.30 on Friday. 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 cap of $2.49 trillion, a PE ratio of 35.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The company has a 50-day moving average of $227.52 and a two-hundred day moving average of $222.97.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the previous year, the company earned $1.43 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMZN. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Piper Sandler restated a “negative” rating on shares of Amazon.com in a research report on Friday, October 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 target price (up previously from $300.00) on shares of Amazon.com in a report on Friday, October 31st. Finally, JMP Securities set a $300.00 price target on shares of Amazon.com in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $295.78.

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.