Kendall Capital Management cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 39.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,000 shares of the e-commerce giant’s stock after selling 650 shares during the period. Kendall Capital Management’s holdings in Amazon.com were worth $219,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of AMZN. Carderock Capital Management Inc. bought a new stake in Amazon.com in the second quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. bought a new stake in Amazon.com in the first quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. raised its stake in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Amazon.com
In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares in the company, valued at $111,916,569.70. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,313,335 shares of company stock worth $4,164,795,815. 9.70% of the stock is currently owned by insiders.
Amazon.com Trading Up 1.6%
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the business posted $1.26 EPS. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on AMZN shares. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. HSBC increased their target price on Amazon.com from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Stifel Nicolaus increased their target price on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Needham & Company LLC reiterated a “buy” rating and set a $265.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Finally, The Goldman Sachs Group increased their target price on Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $266.26.
View Our Latest Analysis on AMZN
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.
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