Benson Investment Management Company Inc. Sells 255 Shares of Amazon.com, Inc. $AMZN

Benson Investment Management Company Inc. reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,564 shares of the e-commerce giant’s stock after selling 255 shares during the quarter. Amazon.com comprises 3.5% of Benson Investment Management Company Inc.’s holdings, making the stock its 6th largest position. Benson Investment Management Company Inc.’s holdings in Amazon.com were worth $9,338,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of AMZN. Western Wealth Management LLC raised its holdings in Amazon.com by 0.9% during the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after purchasing an additional 1,297 shares during the last quarter. Flaharty Asset Management LLC increased its position in shares of Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after buying an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth $514,000. Border to Coast Pensions Partnership Ltd raised its stake in Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock worth $249,295,000 after buying an additional 63,924 shares during the last quarter. Finally, Abel Hall LLC lifted its holdings in Amazon.com by 7.3% in the second quarter. Abel Hall LLC now owns 12,740 shares of the e-commerce giant’s stock valued at $2,795,000 after buying an additional 863 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on AMZN. Susquehanna set a $300.00 price target on Amazon.com and gave the stock a “positive” rating in a report on Friday. Westpark Capital restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Zacks Research upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Canaccord Genuity Group set a $300.00 price target on Amazon.com and gave the company a “buy” rating in a research note on Friday. Finally, JMP Securities set a $300.00 price objective on shares of Amazon.com in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $289.88.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total value of $542,750.00. Following the sale, the chief executive officer directly owned 515,507 shares in the company, valued at $111,916,569.70. This trade represents a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 95,411 shares of company stock valued at $21,222,702. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 9.6%

Shares of Amazon.com stock opened at $244.22 on Friday. The stock has a fifty day simple moving average of $225.49 and a 200 day simple moving average of $215.83. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $250.50. The company has a market capitalization of $2.60 trillion, a P/E ratio of 37.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. 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 announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS. 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 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.