Abel Hall LLC Buys 863 Shares of Amazon.com, Inc. $AMZN

Abel Hall LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,740 shares of the e-commerce giant’s stock after purchasing an additional 863 shares during the quarter. Amazon.com accounts for approximately 1.3% of Abel Hall LLC’s holdings, making the stock its 12th biggest holding. Abel Hall LLC’s holdings in Amazon.com were worth $2,795,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Spectrum Asset Management Inc. NB CA bought a new position in Amazon.com during the 2nd quarter valued at about $210,000. Proffitt & Goodson Inc. grew its position in Amazon.com by 1.3% during the 2nd quarter. Proffitt & Goodson Inc. now owns 15,488 shares of the e-commerce giant’s stock worth $3,398,000 after acquiring an additional 204 shares during the last quarter. REAP Financial Group LLC increased its holdings in Amazon.com by 12.1% during the 2nd quarter. REAP Financial Group LLC now owns 6,160 shares of the e-commerce giant’s stock valued at $1,352,000 after purchasing an additional 664 shares in the last quarter. Cortland Associates Inc. MO raised its position in Amazon.com by 1.0% in the 2nd quarter. Cortland Associates Inc. MO now owns 238,391 shares of the e-commerce giant’s stock valued at $52,301,000 after purchasing an additional 2,411 shares during the last quarter. Finally, Sax Wealth Advisors LLC grew its holdings in shares of Amazon.com by 20.7% during the second quarter. Sax Wealth Advisors LLC now owns 33,710 shares of the e-commerce giant’s stock worth $7,396,000 after purchasing an additional 5,783 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $224.21 on Monday. The firm’s 50 day moving average price is $225.10 and its two-hundred day moving average price is $214.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52. The firm has a market cap of $2.39 trillion, a P/E ratio of 34.18, a PEG ratio of 1.48 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Stifel Nicolaus increased their price target on shares of Amazon.com from $260.00 to $269.00 and gave the company a “buy” rating in a research note on Friday. Canaccord Genuity Group restated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, September 24th. Finally, Susquehanna upped their price target on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research note on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $268.69.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the transaction, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 97,911 shares of company stock valued at $21,765,202. 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.