Amazon.com, Inc. $AMZN Shares Sold by Cape ANN Savings Bank

Cape ANN Savings Bank lowered its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,417 shares of the e-commerce giant’s stock after selling 735 shares during the period. Amazon.com accounts for 2.0% of Cape ANN Savings Bank’s portfolio, making the stock its 10th largest position. Cape ANN Savings Bank’s holdings in Amazon.com were worth $3,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Carderock Capital Management Inc. acquired a new position in Amazon.com in the second quarter valued at approximately $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com in the first quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new position in Amazon.com in the first quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. lifted its holdings 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. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Wolfe Research increased their target price on shares of Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Truist Financial increased their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $265.00 target price on shares of Amazon.com in a report on Friday, August 1st. 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. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and a consensus target price of $266.26.

Amazon.com Stock Up 1.6%

Shares of AMZN stock opened at $216.48 on Tuesday. The company has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 33.00, a P/E/G ratio of 1.41 and a beta of 1.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The firm has a fifty day moving average of $225.56 and a 200-day moving average of $213.20. 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 released its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of the firm’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 owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the transaction, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,252,009 shares of company stock valued at $976,047,640 in the last quarter. Company insiders own 10.80% of the company’s stock.

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.