Hendley & Co. Inc. Buys 11,600 Shares of Amazon.com, Inc. $AMZN

Hendley & Co. Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 32.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,875 shares of the e-commerce giant’s stock after buying an additional 11,600 shares during the period. Amazon.com comprises approximately 3.6% of Hendley & Co. Inc.’s investment portfolio, making the stock its 8th biggest position. Hendley & Co. Inc.’s holdings in Amazon.com were worth $10,284,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Secured Retirement Advisors LLC boosted its holdings in shares of Amazon.com by 1.2% during the 2nd quarter. Secured Retirement Advisors LLC now owns 16,865 shares of the e-commerce giant’s stock valued at $3,700,000 after acquiring an additional 203 shares in the last quarter. NBT Bank N A NY raised its position in Amazon.com by 1.4% in the second quarter. NBT Bank N A NY now owns 99,047 shares of the e-commerce giant’s stock valued at $21,730,000 after purchasing an additional 1,360 shares during the last quarter. Abel Hall LLC raised its position in Amazon.com by 7.3% in the second quarter. Abel Hall LLC now owns 12,740 shares of the e-commerce giant’s stock valued at $2,795,000 after purchasing an additional 863 shares during the last quarter. Spectrum Asset Management Inc. NB CA acquired a new stake in shares of Amazon.com during the second quarter valued at about $210,000. Finally, Proffitt & Goodson Inc. grew its holdings in shares of Amazon.com by 1.3% during the second quarter. Proffitt & Goodson Inc. now owns 15,488 shares of the e-commerce giant’s stock worth $3,398,000 after purchasing an additional 204 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Wells Fargo & Company upgraded shares of Amazon.com from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $245.00 to $280.00 in a research report on Wednesday, September 24th. Truist Financial lifted their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Pivotal Research boosted their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Wedbush raised their target price on Amazon.com from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday. Four analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $268.69.

Amazon.com Trading Up 1.4%

Shares of AMZN stock opened at $224.21 on Monday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. 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 stock has a 50 day simple moving average of $225.10 and a two-hundred day simple moving average of $214.44. The company 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 posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 97,911 shares of company stock valued at $21,765,202 over the last 90 days. Insiders own 10.80% of the company’s stock.

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.