Mount Vernon Associates Inc. MD Trims Stake in Amazon.com, Inc. $AMZN

Mount Vernon Associates Inc. MD cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,220 shares of the e-commerce giant’s stock after selling 580 shares during the period. Amazon.com accounts for 6.8% of Mount Vernon Associates Inc. MD’s investment portfolio, making the stock its 5th largest holding. Mount Vernon Associates Inc. MD’s holdings in Amazon.com were worth $9,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AMZN. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter valued at $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at $40,000. 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 valued at $46,000 after acquiring an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the 1st quarter valued at $42,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 2.6%

Shares of Amazon.com stock opened at $222.03 on Wednesday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The firm has a market cap of $2.37 trillion, a PE ratio of 33.85, a P/E/G ratio of 1.43 and a beta of 1.28. The stock has a fifty day moving average price of $225.57 and a 200-day moving average price of $213.26. 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 (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period last year, the firm posted $1.26 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group reaffirmed a “buy” rating and set a $271.00 target price (up from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. Wells Fargo & Company upgraded Amazon.com from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $245.00 to $280.00 in a report on Wednesday, September 24th. Mizuho set a $300.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Monday, September 29th. Evercore ISI reiterated an “outperform” rating and issued a $280.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Three analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $267.27.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on 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 transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the transaction, the chief executive officer owned 515,507 shares of the company’s stock, valued at $111,916,569.70. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,741,053 shares of company stock worth $630,824,413. 10.80% of the stock is owned by insiders.

Amazon.com 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.