Amazon.com, Inc. $AMZN Shares Acquired by Baskin Financial Services Inc.

Baskin Financial Services Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,397 shares of the e-commerce giant’s stock after buying an additional 419 shares during the period. Amazon.com makes up approximately 4.0% of Baskin Financial Services Inc.’s portfolio, making the stock its 11th largest position. Baskin Financial Services Inc.’s holdings in Amazon.com were worth $52,960,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Western Wealth Management LLC increased its holdings in shares of Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after acquiring an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC increased its stake in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after purchasing an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in Amazon.com in the first quarter valued at approximately $514,000. Border to Coast Pensions Partnership Ltd increased its stake in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares during the last quarter. Finally, Abel Hall LLC lifted its position in shares of Amazon.com by 7.3% during the 2nd quarter. Abel Hall LLC now owns 12,740 shares of the e-commerce giant’s stock worth $2,795,000 after buying an additional 863 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Mizuho set a $300.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a research report on Monday, September 29th. Barclays boosted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. HSBC boosted their target price on Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, September 29th. Finally, Wedbush boosted their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Four analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $268.54.

Amazon.com Trading Down 3.2%

Shares of Amazon.com stock opened at $222.86 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $242.52. The stock has a market cap of $2.38 trillion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The company has a 50-day moving average of $225.19 and a two-hundred day moving average of $215.39. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period last year, the business posted $1.43 EPS. Amazon.com’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction dated 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 owned 3,138 shares in the company, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,411 shares of company stock valued at $21,222,702 in the last ninety days. 9.70% of the stock is owned by 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.