Red Tortoise LLC Raises Stake in Amazon.com, Inc. $AMZN

Red Tortoise LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,798 shares of the e-commerce giant’s stock after buying an additional 189 shares during the period. Red Tortoise LLC’s holdings in Amazon.com were worth $1,053,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com during the 2nd quarter worth $27,000. Cooksen Wealth LLC purchased a new position in Amazon.com in the first quarter valued at about $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com during the first quarter worth about $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the first quarter worth about $42,000. Finally, Maryland Capital Advisors Inc. boosted its position in shares of Amazon.com by 81.9% in the second 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 period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.4%

NASDAQ AMZN opened at $221.09 on Friday. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 1.44 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 12 month low of $161.38 and a 12 month high of $242.52. The company’s fifty day moving average price is $225.24 and its two-hundred day moving average price is $213.61.

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, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. The company’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 515,507 shares in the company, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. This represents a 85.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,911 shares of company stock valued at $21,765,202 over the last three months. Company insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMZN shares. Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Barclays boosted their target price on shares of Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Westpark Capital reaffirmed a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $267.94.

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.