Costello Asset Management INC Decreases Stock Position in Amazon.com, Inc. $AMZN

Costello Asset Management INC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,409 shares of the e-commerce giant’s stock after selling 4,645 shares during the quarter. Amazon.com makes up about 9.0% of Costello Asset Management INC’s investment portfolio, making the stock its biggest position. Costello Asset Management INC’s holdings in Amazon.com were worth $24,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AMZN. Monument Capital Management raised its stake in Amazon.com by 1.8% during the 2nd quarter. Monument Capital Management now owns 10,278 shares of the e-commerce giant’s stock valued at $2,255,000 after purchasing an additional 181 shares during the period. Cyndeo Wealth Partners LLC raised its position in shares of Amazon.com by 2.3% during the second quarter. Cyndeo Wealth Partners LLC now owns 205,653 shares of the e-commerce giant’s stock valued at $45,118,000 after buying an additional 4,558 shares during the last quarter. Katamaran Capital LLP raised its position in shares of Amazon.com by 56.5% during the second quarter. Katamaran Capital LLP now owns 48,348 shares of the e-commerce giant’s stock valued at $10,607,000 after buying an additional 17,460 shares during the last quarter. Brandywine Oak Private Wealth LLC raised its position in shares of Amazon.com by 0.7% during the second quarter. Brandywine Oak Private Wealth LLC now owns 32,809 shares of the e-commerce giant’s stock valued at $7,198,000 after buying an additional 233 shares during the last quarter. Finally, Vivid Wealth Management LLC raised its position in shares of Amazon.com by 0.6% during the second quarter. Vivid Wealth Management LLC now owns 14,581 shares of the e-commerce giant’s stock valued at $3,199,000 after buying an additional 93 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $222.86 on Friday. The company has a market capitalization of $2.38 trillion, a price-to-earnings ratio of 33.97, a PEG ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The firm’s 50-day moving average is $225.19 and its 200 day moving average is $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 issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. BMO Capital Markets lifted their price target on shares of Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. JMP Securities restated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Finally, Bank of America boosted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $268.54.

Insider Activity

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 95,411 shares of company stock valued at $21,222,702. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com 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.