Lansing Street Advisors Grows Stock Position in Amazon.com, Inc. $AMZN

Lansing Street Advisors raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 48.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,275 shares of the e-commerce giant’s stock after acquiring an additional 2,055 shares during the period. Lansing Street Advisors’ holdings in Amazon.com were worth $1,377,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. Kingstone Capital Partners Texas LLC boosted its holdings in shares of Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares during the last quarter. Northern Trust Corp grew its position in shares of Amazon.com by 0.3% in the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after purchasing an additional 302,858 shares during the period. Nuveen LLC acquired a new position in Amazon.com in the first quarter valued at $11,674,091,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Amazon.com by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock valued at $11,461,952,000 after purchasing an additional 605,415 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction 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 transaction, the chief executive officer owned 3,138 shares in the company, valued at approximately $695,286.66. This trade represents a 85.00% 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 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMZN. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Canaccord Genuity Group reiterated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. Wedbush raised their price target on shares of Amazon.com from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Friday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a research report on Wednesday, September 24th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $268.69.

Amazon.com Stock Up 1.4%

Shares of NASDAQ:AMZN opened at $224.21 on Monday. The stock 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, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company’s fifty day moving average is $225.10 and its two-hundred day moving average 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 (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating 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 company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. During the same period last year, the business posted $1.26 earnings per share. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS 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.