Leonard Rickey Investment Advisors P.L.L.C. Reduces Stock Position in Amazon.com, Inc. $AMZN

Leonard Rickey Investment Advisors P.L.L.C. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,592 shares of the e-commerce giant’s stock after selling 83 shares during the period. Amazon.com comprises about 0.9% of Leonard Rickey Investment Advisors P.L.L.C.’s investment portfolio, making the stock its 21st biggest holding. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Amazon.com were worth $4,518,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. MFA Wealth Advisors LLC raised its holdings in Amazon.com by 43.9% in the 2nd quarter. MFA Wealth Advisors LLC now owns 5,929 shares of the e-commerce giant’s stock worth $1,301,000 after purchasing an additional 1,808 shares in the last quarter. Baring Financial LLC increased its stake in shares of Amazon.com by 4.2% in the 2nd quarter. Baring Financial LLC now owns 4,744 shares of the e-commerce giant’s stock worth $1,041,000 after acquiring an additional 190 shares in the last quarter. Golden State Equity Partners increased its stake in shares of Amazon.com by 18.3% in the 2nd quarter. Golden State Equity Partners now owns 57,549 shares of the e-commerce giant’s stock worth $12,626,000 after acquiring an additional 8,907 shares in the last quarter. Cherrydale Wealth Management LLC increased its stake in shares of Amazon.com by 4.8% in the 2nd quarter. Cherrydale Wealth Management LLC now owns 11,308 shares of the e-commerce giant’s stock worth $2,481,000 after acquiring an additional 514 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA increased its stake in shares of Amazon.com by 1.4% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 23,465 shares of the e-commerce giant’s stock worth $5,148,000 after acquiring an additional 327 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Moffett Nathanson raised their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Piper Sandler raised their price target on shares of Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Finally, Sanford C. Bernstein set a $235.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $265.09.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $115,769,384.43. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,842,622 shares of company stock valued at $4,731,205,179 in the last three months. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 0.5%

Shares of AMZN stock opened at $220.63 on Thursday. The company has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 33.63, a PEG ratio of 1.47 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The company’s fifty day moving average price is $226.99 and its 200-day moving average price is $210.65. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Sell-side 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.