Shikiar Asset Management Inc. Cuts Stake in Amazon.com, Inc. $AMZN

Shikiar Asset Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,784 shares of the e-commerce giant’s stock after selling 8,930 shares during the period. Amazon.com accounts for about 5.7% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 2nd biggest holding. Shikiar Asset Management Inc.’s holdings in Amazon.com were worth $20,575,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cyndeo Wealth Partners LLC raised its stake in Amazon.com by 2.3% during the 2nd quarter. Cyndeo Wealth Partners LLC now owns 205,653 shares of the e-commerce giant’s stock valued at $45,118,000 after acquiring an additional 4,558 shares in the last quarter. Katamaran Capital LLP raised its stake in Amazon.com by 56.5% during the 2nd quarter. Katamaran Capital LLP now owns 48,348 shares of the e-commerce giant’s stock valued at $10,607,000 after acquiring an additional 17,460 shares in the last quarter. Brandywine Oak Private Wealth LLC raised its stake 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 purchasing an additional 233 shares in the last quarter. Vivid Wealth Management LLC raised its stake 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 purchasing an additional 93 shares in the last quarter. Finally, Ridgeline Wealth Planning LLC raised its stake in shares of Amazon.com by 22.3% during the second quarter. Ridgeline Wealth Planning LLC now owns 2,900 shares of the e-commerce giant’s stock valued at $636,000 after purchasing an additional 528 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock 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 firm has a market capitalization 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 quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $225.19 and its 200-day moving average is $215.39.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter last year, the company posted $1.43 EPS. Amazon.com’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. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. This represents a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 95,411 shares of company stock worth $21,222,702. 9.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on AMZN shares. Truist Financial boosted their price target 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. Wedbush boosted their price target on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Pivotal Research boosted their target price on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $230.00 to $266.00 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 issued a Hold rating to the company. According to data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $268.54.

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.