First United Bank & Trust Grows Position in Amazon.com, Inc. $AMZN

First United Bank & Trust grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,025 shares of the e-commerce giant’s stock after purchasing an additional 590 shares during the period. First United Bank & Trust’s holdings in Amazon.com were worth $2,638,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $40,000. Capitol Family Office Inc. purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. lifted its position in shares of Amazon.com by 81.9% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the transaction, the vice president owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This trade represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,864,716 shares of company stock worth $2,486,013,854. 10.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Tuesday, July 1st. Monness Crespi & Hardt increased their target price on Amazon.com from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, August 1st. BNP Paribas upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Piper Sandler increased their price objective on Amazon.com from $250.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Moffett Nathanson increased their price objective on Amazon.com from $250.00 to $253.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $266.26.

Amazon.com Stock Down 1.7%

Shares of AMZN opened at $216.39 on Wednesday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a market capitalization of $2.31 trillion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. The stock has a fifty day simple moving average of $226.16 and a two-hundred day simple moving average of $212.19. 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 issued its quarterly earnings data 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. The firm had revenue of $167.70 billion during 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 company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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.