Chickasaw Capital Management LLC Boosts Stake in Amazon.com, Inc. $AMZN

Chickasaw Capital Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 31,014 shares of the e-commerce giant’s stock after purchasing an additional 1,185 shares during the period. Amazon.com makes up approximately 0.3% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Chickasaw Capital Management LLC’s holdings in Amazon.com were worth $6,804,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Jackson Square Capital LLC boosted its position in shares of Amazon.com by 26.2% during the 2nd quarter. Jackson Square Capital LLC now owns 82,560 shares of the e-commerce giant’s stock worth $18,113,000 after purchasing an additional 17,115 shares during the period. Sivia Capital Partners LLC boosted its position in Amazon.com by 14.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 40,815 shares of the e-commerce giant’s stock valued at $8,954,000 after buying an additional 5,214 shares during the period. Breakwater Investment Management boosted its position in Amazon.com by 264.3% in the 2nd quarter. Breakwater Investment Management now owns 21,178 shares of the e-commerce giant’s stock valued at $4,646,000 after buying an additional 15,364 shares during the period. Dynamic Advisor Solutions LLC boosted its position in Amazon.com by 8.6% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 191,821 shares of the e-commerce giant’s stock valued at $42,084,000 after buying an additional 15,214 shares during the period. Finally, Sarasin & Partners LLP boosted its position in Amazon.com by 1.0% in the 2nd quarter. Sarasin & Partners LLP now owns 2,536,648 shares of the e-commerce giant’s stock valued at $556,515,000 after buying an additional 25,072 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total value of $558,725.00. Following the sale, the chief executive officer owned 518,007 shares of the company’s stock, valued at $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574 in the last quarter. Insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Pivotal Research raised their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Monness Crespi & Hardt lifted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Barclays lifted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Stifel Nicolaus lifted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $263.30.

Amazon.com Trading Down 3.0%

NASDAQ AMZN opened at $220.71 on Wednesday. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52. 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 fifty day moving average is $227.74 and its two-hundred day moving average is $209.76. The firm has a market cap of $2.35 trillion, a PE ratio of 33.64, a P/E/G ratio of 1.52 and a beta of 1.30.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 posted $1.26 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.