Blue Trust Inc. Increases Stake in Amazon.com, Inc. $AMZN

Blue Trust Inc. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,360 shares of the e-commerce giant’s stock after buying an additional 4,764 shares during the quarter. Blue Trust Inc.’s holdings in Amazon.com were worth $16,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the second quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the 1st quarter worth about $42,000. Finally, Maryland Capital Advisors Inc. grew its position in shares of Amazon.com by 81.9% in the 2nd 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. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMZN. Needham & Company LLC restated a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Benchmark restated a “buy” rating and issued a $260.00 price target on shares of Amazon.com in a research note on Wednesday, October 22nd. Barclays upped their price target on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Truist Financial increased their target price on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Finally, Zacks Research raised Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Four research 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 MarketBeat, the company has a consensus rating of “Buy” and an average target price of $268.54.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $222.86 on Friday. The firm’s 50-day moving average price is $225.19 and its 200-day moving average price is $215.39. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.38 trillion, a PE ratio of 33.97, a PEG ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52.

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

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated 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 directly owned 515,507 shares in the company, valued at $111,916,569.70. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,411 shares of company stock valued at $21,222,702 in the last ninety days. Corporate insiders own 9.70% of the company’s stock.

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.