Amazon.com, Inc. $AMZN is Lmcg Investments LLC’s 2nd Largest Position

Lmcg Investments LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,672 shares of the e-commerce giant’s stock after selling 3,821 shares during the quarter. Amazon.com comprises approximately 4.0% of Lmcg Investments LLC’s holdings, making the stock its 2nd largest position. Lmcg Investments LLC’s holdings in Amazon.com were worth $64,429,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC grew its holdings in shares of Amazon.com by 542,733.6% in 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 bought a new stake in Amazon.com in the first quarter worth $11,674,091,000. Goldman Sachs Group Inc. lifted its position in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after buying an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. lifted its position in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. Finally, Amundi lifted its position in Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after buying an additional 7,267,277 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 2,715 shares of the company’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 completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 95,411 shares of company stock worth $21,222,702 over the last quarter. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. Truist Financial set a $290.00 target price on Amazon.com in a research report on Friday. DA Davidson lifted their target price on Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Friday. Pivotal Research boosted their price target on Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. JMP Securities set a $300.00 target price on Amazon.com in a report on Friday. Finally, Bank of America lifted their target price on Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Amazon.com has an average rating of “Buy” and a consensus price target of $289.88.

Amazon.com Trading Up 9.6%

Shares of AMZN stock opened at $244.22 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $250.50. The company has a market cap of $2.60 trillion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.28. The stock has a 50 day simple moving average of $225.49 and a 200-day simple moving average of $215.83.

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, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the previous year, the business earned $1.43 earnings per share. The firm’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, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal 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.