Gallacher Capital Management LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,074 shares of the e-commerce giant’s stock after acquiring an additional 97 shares during the period. Gallacher Capital Management LLC’s holdings in Amazon.com were worth $455,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in shares of Amazon.com by 1.5% during the 2nd quarter. Parallel Advisors LLC now owns 385,949 shares of the e-commerce giant’s stock valued at $84,673,000 after acquiring an additional 5,630 shares during the last quarter. Madison Park Capital Advisors LLC lifted its position in shares of Amazon.com by 3.2% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 10,947 shares of the e-commerce giant’s stock valued at $2,402,000 after acquiring an additional 340 shares during the last quarter. O Connor Financial Group LLC lifted its position in shares of Amazon.com by 7.8% during the 2nd quarter. O Connor Financial Group LLC now owns 3,081 shares of the e-commerce giant’s stock valued at $688,000 after acquiring an additional 224 shares during the last quarter. Trust Co. of Oklahoma lifted its position in shares of Amazon.com by 4.5% during the 2nd quarter. Trust Co. of Oklahoma now owns 28,166 shares of the e-commerce giant’s stock valued at $6,179,000 after acquiring an additional 1,221 shares during the last quarter. Finally, New Capital Management LP boosted its stake in Amazon.com by 1.9% in the 2nd quarter. New Capital Management LP now owns 4,525 shares of the e-commerce giant’s stock worth $993,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Wall Street Analyst Weigh In
AMZN has been the subject of a number of recent analyst reports. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Sanford C. Bernstein set a $235.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Tuesday, July 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $263.30.
Insider Buying and Selling at Amazon.com
In other news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated 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 sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock worth $5,676,032,574 in the last 90 days. 9.70% of the stock is currently owned by insiders.
Amazon.com Stock Performance
NASDAQ:AMZN opened at $231.23 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm’s 50-day moving average is $227.68 and its 200-day moving average is $209.23. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.55 and a beta of 1.30.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the business earned $1.26 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.
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