Amazon.com, Inc. $AMZN Shares Sold by Manitou Investment Management Ltd.

Manitou Investment Management Ltd. trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,896 shares of the e-commerce giant’s stock after selling 1,414 shares during the quarter. Amazon.com makes up about 8.8% of Manitou Investment Management Ltd.’s portfolio, making the stock its 5th largest holding. Manitou Investment Management Ltd.’s holdings in Amazon.com were worth $46,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AMZN. Vanguard Group Inc. grew its holdings in 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 worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Kingstone Capital Partners Texas LLC grew its holdings in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after acquiring an additional 132,616,953 shares during the last quarter. Northern Trust Corp grew its holdings in Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock worth $18,527,354,000 after acquiring an additional 302,858 shares during the last quarter. Nuveen LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock worth $11,461,952,000 after acquiring an additional 605,415 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 9.6%

Shares of NASDAQ AMZN opened at $244.22 on Friday. The firm has a market cap of $2.60 trillion, a PE ratio of 37.23, a P/E/G 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’s fifty day simple moving average is $225.49 and its 200 day simple moving average is $216.08. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The sale 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 stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 95,411 shares of company stock valued at $21,222,702 over the last 90 days. Insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMZN shares. Truist Financial set a $290.00 target price on shares of Amazon.com in a report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $265.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday. Scotiabank upped their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research note on Tuesday, July 22nd. Citigroup upped their price objective on shares of Amazon.com from $270.00 to $320.00 and gave the company a “buy” rating in a research note on Friday. Finally, Roth Capital upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $289.88.

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.