Mengis Capital Management Inc. Boosts Stock Position in Amazon.com, Inc. $AMZN

Mengis Capital Management Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,308 shares of the e-commerce giant’s stock after buying an additional 243 shares during the period. Amazon.com accounts for 1.9% of Mengis Capital Management Inc.’s portfolio, making the stock its 12th biggest holding. Mengis Capital Management Inc.’s holdings in Amazon.com were worth $8,843,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AMZN. Kingstone Capital Partners Texas LLC lifted its holdings in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Nuveen LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. Goldman Sachs Group Inc. lifted its stake in shares of Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after buying an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after buying an additional 8,913,959 shares in the last quarter. Finally, Amundi lifted its position in shares of Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after acquiring an additional 7,267,277 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $260.00 price objective on shares of Amazon.com in a research report on Wednesday, October 22nd. BMO Capital Markets boosted their target price on shares of Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Monness Crespi & Hardt boosted their target price 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. Finally, Scotiabank boosted their price target 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. Four research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $268.54.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the 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 completion of the sale, the chief executive officer owned 3,138 shares in the company, valued at approximately $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 95,411 shares of company stock valued at $21,222,702. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $222.86 on Friday. The stock’s fifty day moving average is $225.19 and its 200 day moving average is $215.39. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a market capitalization of $2.38 trillion, a PE ratio of 33.97, a PEG ratio of 1.52 and a beta of 1.28. 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 (NASDAQ:AMZN) last announced its earnings results 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 net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the firm posted $1.43 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.