DAVENPORT & Co LLC Purchases 15,902 Shares of Amazon.com, Inc. $AMZN

DAVENPORT & Co LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,059,281 shares of the e-commerce giant’s stock after acquiring an additional 15,902 shares during the quarter. Amazon.com makes up about 2.5% of DAVENPORT & Co LLC’s investment portfolio, making the stock its 3rd largest holding. DAVENPORT & Co LLC’s holdings in Amazon.com were worth $453,017,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Ridgecrest Wealth Partners LLC increased its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after purchasing an additional 45 shares during the last quarter. Bare Financial Services Inc grew its position in Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after acquiring an additional 48 shares during the last quarter. Heritage Oak Wealth Advisors LLC raised its stake in Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after acquiring an additional 48 shares in the last quarter. Cobblestone Asset Management LLC lifted its holdings in shares of Amazon.com by 3.1% in the second quarter. Cobblestone Asset Management LLC now owns 1,673 shares of the e-commerce giant’s stock worth $367,000 after acquiring an additional 50 shares during the last quarter. Finally, Seek First Inc. boosted its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Seek First Inc. now owns 9,156 shares of the e-commerce giant’s stock valued at $2,009,000 after purchasing an additional 50 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com 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 value of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated 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 directly 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. In the last 90 days, insiders sold 97,911 shares of company stock valued at $21,765,202. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $217.95 on Thursday. 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 $2.32 trillion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. 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 $225.44 and a 200 day simple moving average of $213.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period in the previous year, the business posted $1.26 EPS. 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.

Analyst Ratings Changes

Several brokerages recently commented on AMZN. HSBC increased their price objective on shares of Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, September 29th. The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Tuesday, July 1st. Bank of America boosted their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, DA Davidson increased their target price on Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $267.27.

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.