Whitener Capital Management Inc. Has $17.04 Million Stake in Amazon.com, Inc. $AMZN

Whitener Capital Management Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,679 shares of the e-commerce giant’s stock after selling 928 shares during the quarter. Amazon.com accounts for approximately 4.5% of Whitener Capital Management Inc.’s holdings, making the stock its 6th largest position. Whitener Capital Management Inc.’s holdings in Amazon.com were worth $17,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Western Wealth Management LLC raised its position in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares during the period. Flaharty Asset Management LLC raised its stake in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth about $514,000. McIlrath & Eck LLC increased its holdings in shares of Amazon.com by 8.8% during the 4th quarter. McIlrath & Eck LLC now owns 18,498 shares of the e-commerce giant’s stock valued at $4,058,000 after acquiring an additional 1,490 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in shares of Amazon.com by 0.7% during the 1st quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 2,145 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.1%

Shares of NASDAQ:AMZN opened at $222.17 on Tuesday. The business has a 50 day moving average of $227.30 and a 200-day moving average of $210.52. 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, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market cap of $2.37 trillion, a PE ratio of 33.87, a P/E/G ratio of 1.47 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Evercore ISI restated an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. JMP Securities restated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 target price on shares of Amazon.com in a research note on Wednesday, September 24th. Two investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $264.13.

Insiders Place Their Bets

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 21,770,485 shares of company stock valued at $4,938,795,968. 10.80% of the stock is currently owned by company insiders.

Amazon.com 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.