Mechanics Financial Corp Has $3.89 Million Stake in Amazon.com, Inc. $AMZN

Mechanics Financial Corp lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 17,727 shares of the e-commerce giant’s stock after selling 140 shares during the period. Amazon.com makes up approximately 1.7% of Mechanics Financial Corp’s portfolio, making the stock its 13th biggest holding. Mechanics Financial Corp’s holdings in Amazon.com were worth $3,889,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth approximately $40,000. Capitol Family Office Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. boosted 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 buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 0.7%

AMZN opened at $213.04 on Friday. The company has a fifty day moving average price of $225.66 and a 200-day moving average price of $212.64. The firm has a market capitalization of $2.27 trillion, a P/E ratio of 32.48, a price-to-earnings-growth ratio of 1.41 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 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.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMZN. HSBC boosted 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. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Robert W. Baird lifted their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Three 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 company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $266.26.

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.