Amarillo National Bank Boosts Position in Amazon.com, Inc. $AMZN

Amarillo National Bank boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,490 shares of the e-commerce giant’s stock after buying an additional 140 shares during the quarter. Amazon.com accounts for about 1.0% of Amarillo National Bank’s portfolio, making the stock its 20th largest holding. Amarillo National Bank’s holdings in Amazon.com were worth $5,373,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AMZN. Western Wealth Management LLC grew its stake in shares of Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares during the period. Flaharty Asset Management LLC grew 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 during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd grew its stake in shares of Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after purchasing an additional 63,924 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake 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 worth $58,000 after purchasing an additional 2,145 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Amazon.com stock opened at $221.78 on Wednesday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 33.81, a PEG ratio of 1.48 and a beta of 1.28. The company has a fifty day simple moving average of $226.13 and a 200-day simple moving average of $211.48. 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 (NASDAQ:AMZN) last released its 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 during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Barclays raised their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Zacks Research cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Wedbush reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Friday, September 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $265.00 price target on shares of Amazon.com in a report on Wednesday, September 24th. Finally, Stifel Nicolaus boosted their price target on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $266.26.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’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 transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. The trade was a 85.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,313,335 shares of company stock worth $4,164,795,815. 10.80% of the stock is owned by insiders.

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.