Alley Investment Management Company LLC Decreases Holdings in Amazon.com, Inc. $AMZN

Alley Investment Management Company LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 92,613 shares of the e-commerce giant’s stock after selling 714 shares during the period. Amazon.com comprises approximately 2.5% of Alley Investment Management Company LLC’s holdings, making the stock its 11th largest position. Alley Investment Management Company LLC’s holdings in Amazon.com were worth $20,318,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the 2nd quarter valued at $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter valued at $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter valued at $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the 1st quarter worth $42,000. Finally, Maryland Capital Advisors Inc. increased its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the 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 completion of the transaction, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. This represents a 85.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,864,716 shares of company stock worth $2,486,013,854. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Wolfe Research upped their price objective on Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Cantor Fitzgerald upped their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Stifel Nicolaus upped their price objective on Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $245.00 to $280.00 in a research note on Wednesday, September 24th. Three research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $266.26.

Amazon.com Trading Down 1.7%

Shares of Amazon.com stock opened at $216.39 on Wednesday. The company has a market capitalization of $2.31 trillion, a P/E ratio of 32.99, a P/E/G ratio of 1.46 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a fifty day moving average of $226.16 and a 200 day moving average of $212.19. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week 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 for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. Amazon.com’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.