Lakeside Advisors INC. Sells 500 Shares of Amazon.com, Inc. $AMZN

Lakeside Advisors INC. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 20.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,920 shares of the e-commerce giant’s stock after selling 500 shares during the quarter. Lakeside Advisors INC.’s holdings in Amazon.com were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Carderock Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the first quarter worth about $40,000. Capitol Family Office Inc. purchased a new position in shares of Amazon.com in the first quarter worth about $42,000. Finally, Maryland Capital Advisors Inc. increased its holdings 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. Institutional investors own 72.20% of the company’s stock.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 97,911 shares of company stock worth $21,765,202. Company insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on AMZN shares. CIBC lifted their price objective on Amazon.com to $315.00 in a report on Monday, October 20th. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Susquehanna lifted their price objective on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a report on Friday, August 1st. Bank of America lifted their price objective on Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Wednesday, September 24th. Four 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $268.69.

Amazon.com Stock Up 1.4%

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 business’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. The company has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last posted 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 firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.