Lewis Asset Management LLC Acquires 10,126 Shares of Amazon.com, Inc. $AMZN

Lewis Asset Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 39.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,064 shares of the e-commerce giant’s stock after acquiring an additional 10,126 shares during the quarter. Amazon.com accounts for 3.7% of Lewis Asset Management LLC’s holdings, making the stock its 4th biggest position. Lewis Asset Management LLC’s holdings in Amazon.com were worth $7,912,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bare Financial Services Inc raised its stake in shares of Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after purchasing an additional 48 shares during the last quarter. Vista Investment Partners LLC raised its stake in shares of Amazon.com by 0.9% in the second quarter. Vista Investment Partners LLC now owns 5,859 shares of the e-commerce giant’s stock worth $1,285,000 after purchasing an additional 52 shares during the last quarter. Talisman Wealth Advisors LLC raised its stake in shares of Amazon.com by 1.2% in the fourth quarter. Talisman Wealth Advisors LLC now owns 4,647 shares of the e-commerce giant’s stock worth $1,020,000 after purchasing an additional 53 shares during the last quarter. Stonekeep Investments LLC raised its stake in shares of Amazon.com by 0.4% in the second quarter. Stonekeep Investments LLC now owns 13,811 shares of the e-commerce giant’s stock worth $3,030,000 after purchasing an additional 54 shares during the last quarter. Finally, SWAN Capital LLC increased its position in Amazon.com by 3.1% during the fourth quarter. SWAN Capital LLC now owns 1,804 shares of the e-commerce giant’s stock valued at $396,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,770,485 shares of company stock valued at $4,938,795,968. Company insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on AMZN shares. BNP Paribas Exane upgraded Amazon.com from a “neutral” rating to an “outperform” rating and set a $254.00 price objective for the company in a research report on Friday, June 27th. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Piper Sandler upped their price objective on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, JMP Securities reissued a “market outperform” rating and set a $285.00 price target on shares of Amazon.com in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and an average price target of $264.13.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $222.17 on Tuesday. The stock has a 50 day moving average of $227.30 and a 200 day moving average of $210.52. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm has a market cap of $2.37 trillion, a PE ratio of 33.87, a PEG ratio of 1.47 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.