Hobbs Group Advisors LLC Boosts Holdings in Amazon.com, Inc. $AMZN

Hobbs Group Advisors LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,692 shares of the e-commerce giant’s stock after acquiring an additional 758 shares during the quarter. Amazon.com accounts for approximately 0.7% of Hobbs Group Advisors LLC’s holdings, making the stock its 29th biggest holding. Hobbs Group Advisors LLC’s holdings in Amazon.com were worth $2,126,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AMZN. Western Wealth Management LLC grew its holdings in shares of Amazon.com by 0.9% in the first 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 grew its holdings in shares of Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after purchasing an additional 2,377 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd lifted its holdings in Amazon.com by 6.0% in the 2nd 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 period. Finally, Abel Hall LLC lifted its holdings in Amazon.com by 7.3% in the 2nd quarter. Abel Hall LLC now owns 12,740 shares of the e-commerce giant’s stock worth $2,795,000 after buying an additional 863 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 price objective (up previously from $300.00) on shares of Amazon.com in a report on Friday. Susquehanna set a $300.00 price target on shares of Amazon.com and gave the company a “positive” rating in a report on Friday. Arete lifted their price target on shares of Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a report on Monday, October 27th. Zacks Research upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Three research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $289.88.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com 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 completion of the transaction, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total value of $542,750.00. Following the transaction, the chief executive officer owned 515,507 shares of the company’s stock, valued at $111,916,569.70. The trade was a 0.48% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 95,411 shares of company stock worth $21,222,702. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $244.22 on Monday. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $250.50. The stock has a market cap of $2.60 trillion, a PE 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. The company’s fifty day moving average price is $225.49 and its 200-day moving average price is $216.37.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the previous year, the business posted $1.43 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.