L. Roy Papp & Associates LLP Cuts Position in Amazon.com, Inc. $AMZN

L. Roy Papp & Associates LLP lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,530 shares of the e-commerce giant’s stock after selling 155 shares during the period. L. Roy Papp & Associates LLP’s holdings in Amazon.com were worth $2,749,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brandywine Oak Private Wealth LLC raised its position in Amazon.com by 0.7% in 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 purchasing an additional 233 shares during the period. Vivid Wealth Management LLC raised its position in Amazon.com by 0.6% in 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 purchasing an additional 93 shares during the period. Ridgeline Wealth Planning LLC raised its holdings in shares of Amazon.com by 22.3% during the 2nd quarter. Ridgeline Wealth Planning LLC now owns 2,900 shares of the e-commerce giant’s stock valued at $636,000 after buying an additional 528 shares during the period. Mengis Capital Management Inc. raised its holdings in shares of Amazon.com by 0.6% during the 2nd quarter. Mengis Capital Management Inc. now owns 40,308 shares of the e-commerce giant’s stock valued at $8,843,000 after buying an additional 243 shares during the period. Finally, M1 Capital Management LLC raised its holdings in shares of Amazon.com by 4.3% during the 2nd quarter. M1 Capital Management LLC now owns 10,997 shares of the e-commerce giant’s stock valued at $2,413,000 after buying an additional 456 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. This trade represents a 85.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,411 shares of company stock valued at $21,222,702 in the last ninety days. Insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Evercore ISI reiterated an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a report on Wednesday, August 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $265.00 price objective on shares of Amazon.com in a research note on Wednesday, September 24th. Pivotal Research lifted their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Friday, August 1st. Weiss Ratings lowered shares of Amazon.com from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average price target of $268.54.

Amazon.com Trading Down 3.2%

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

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations 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 company earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.