Summit Place Financial Advisors LLC Acquires 1,395 Shares of Amazon.com, Inc. $AMZN

Summit Place Financial Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,111 shares of the e-commerce giant’s stock after purchasing an additional 1,395 shares during the period. Amazon.com comprises approximately 2.0% of Summit Place Financial Advisors LLC’s holdings, making the stock its 13th largest holding. Summit Place Financial Advisors LLC’s holdings in Amazon.com were worth $3,973,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com in the 1st quarter worth approximately $42,000. Finally, Maryland Capital Advisors Inc. lifted its holdings in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Telsey Advisory Group raised their target price on Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird set a $285.00 target price on Amazon.com and gave the company an “outperform” rating in a research note on Friday. Cowen reiterated a “buy” rating on shares of Amazon.com in a research note on Friday. Sanford C. Bernstein set a $300.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Amazon.com from $230.00 to $266.00 in a research note on Tuesday, July 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $289.88.

Amazon.com Stock Up 9.6%

Shares of NASDAQ:AMZN opened at $244.22 on Friday. The stock has a fifty day simple moving average of $225.49 and a two-hundred day simple moving average of $215.83. The stock has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $250.50. 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 posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This represents a 26.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the transaction, the chief executive officer directly owned 520,507 shares in the company, valued at $115,354,761.34. This represents a 1.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 95,411 shares of company stock worth $21,222,702 in the last quarter. 9.70% of the stock is currently owned by insiders.

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.