TruNorth Capital Management LLC Has $432,000 Holdings in Amazon.com, Inc. $AMZN

TruNorth Capital Management LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 23.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,971 shares of the e-commerce giant’s stock after selling 603 shares during the quarter. TruNorth Capital Management LLC’s holdings in Amazon.com were worth $432,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Western Wealth Management LLC boosted its stake in Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC boosted its stake in Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Amazon.com during the first quarter worth $514,000. Border to Coast Pensions Partnership Ltd boosted its stake in Amazon.com by 6.0% during the second 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 acquiring an additional 63,924 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its stake in Amazon.com by 5.3% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 84,116 shares of the e-commerce giant’s stock worth $18,454,000 after acquiring an additional 4,265 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares in the company, valued at approximately $111,916,569.70. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 10,864,716 shares of company stock valued at $2,486,013,854 in the last three months. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $214.47 on Friday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The company has a 50-day simple moving average of $225.85 and a 200 day simple moving average of $212.38. 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 market capitalization of $2.29 trillion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last posted 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. 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 the consensus estimate of $161.80 billion. During the same quarter last year, the company posted $1.26 earnings per share. The firm’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, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Robert W. Baird increased their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. HSBC increased their target price on shares of Amazon.com from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. BMO Capital Markets raised their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. The Goldman Sachs Group raised their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Truist Financial raised their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Three investment 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. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average target price of $266.26.

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.