Puzo Michael J Decreases Stock Holdings in Amazon.com, Inc. $AMZN

Puzo Michael J lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,376 shares of the e-commerce giant’s stock after selling 2,187 shares during the quarter. Amazon.com makes up approximately 3.6% of Puzo Michael J’s holdings, making the stock its 7th biggest holding. Puzo Michael J’s holdings in Amazon.com were worth $12,807,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the 2nd quarter valued at about $27,000. Cooksen Wealth LLC bought a new position in Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the 1st quarter worth approximately $40,000. Capitol Family Office Inc. bought a new position in Amazon.com during the 1st quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. boosted its stake in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $224.21 on Monday. 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’s 50 day moving average price is $225.10 and its two-hundred day moving average price is $214.44. 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 announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Mizuho set a $300.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Monday, September 29th. Scotiabank lifted their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Finally, Pivotal Research lifted 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. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $268.69.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. This represents a 85.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 97,911 shares of company stock valued at $21,765,202 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

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.