Waycross Investment Management Co Buys 398 Shares of Amazon.com, Inc. $AMZN

Waycross Investment Management Co boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,398 shares of the e-commerce giant’s stock after acquiring an additional 398 shares during the period. Waycross Investment Management Co’s holdings in Amazon.com were worth $526,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Drake & Associates LLC lifted its position in Amazon.com by 4.6% during the second quarter. Drake & Associates LLC now owns 12,085 shares of the e-commerce giant’s stock valued at $2,651,000 after buying an additional 531 shares during the period. Heck Capital Advisors LLC lifted its position in Amazon.com by 12.0% during the second quarter. Heck Capital Advisors LLC now owns 6,698 shares of the e-commerce giant’s stock valued at $1,469,000 after buying an additional 715 shares during the period. KPP Advisory Services LLC lifted its position in Amazon.com by 1.6% during the second quarter. KPP Advisory Services LLC now owns 47,492 shares of the e-commerce giant’s stock valued at $10,419,000 after buying an additional 754 shares during the period. Next Level Wealth Planning LLC lifted its position in Amazon.com by 13.9% during the second quarter. Next Level Wealth Planning LLC now owns 4,006 shares of the e-commerce giant’s stock valued at $879,000 after buying an additional 489 shares during the period. Finally, D.B. Root & Company LLC lifted its position in Amazon.com by 3.5% during the second quarter. D.B. Root & Company LLC now owns 21,910 shares of the e-commerce giant’s stock valued at $4,807,000 after buying an additional 733 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Pivotal Research raised their price objective on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $265.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Cantor Fitzgerald lifted their price target on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada lifted their price target on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Robert W. Baird lifted their price target on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $268.69.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the sale, the chief executive officer owned 520,507 shares of the company’s stock, valued at approximately $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,911 shares of company stock worth $21,765,202 in the last quarter. Insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $224.21 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The business has a 50-day simple moving average of $225.10 and a two-hundred day simple moving average of $213.97. 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 firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping 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 during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the firm earned $1.26 EPS. Amazon.com’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

About Amazon.com

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.