Nelson Capital Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,224 shares of the e-commerce giant’s stock after buying an additional 650 shares during the period. Amazon.com accounts for 1.8% of Nelson Capital Management LLC’s holdings, making the stock its 11th largest holding. Nelson Capital Management LLC’s holdings in Amazon.com were worth $13,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of AMZN. Carderock Capital Management Inc. acquired a new position in Amazon.com in the 2nd quarter worth about $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter worth about $40,000. Maryland Capital Advisors Inc. increased its stake 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 valued at $46,000 after buying an additional 95 shares during the period. Finally, Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter valued at approximately $42,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AMZN has been the topic of a number of research reports. Wall Street Zen raised shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. KeyCorp initiated coverage on shares of Amazon.com in a research note on Thursday. They issued an “overweight” rating on the stock. Cantor Fitzgerald increased their price objective on Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Evercore ISI reaffirmed an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research report on Wednesday, August 13th. Finally, Bank of America upped their price target on Amazon.com from $265.00 to $272.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Four 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, the stock presently has an average rating of “Buy” and an average price target of $268.69.
Insider Transactions at Amazon.com
In related 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 value of $3,022,853.20. Following the completion of the sale, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the completion of the transaction, the chief executive officer owned 515,507 shares in the company, valued at approximately $111,916,569.70. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,911 shares of company stock valued at $21,765,202. 10.80% of the stock is owned by insiders.
Amazon.com Trading Up 1.4%
Shares of AMZN stock opened at $224.21 on Monday. 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, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. 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 debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same quarter last year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 13.3% on a year-over-year basis. 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.
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.
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