Means Investment CO. Inc. Sells 814 Shares of Amazon.com, Inc. $AMZN

Means Investment CO. Inc. reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 195,247 shares of the e-commerce giant’s stock after selling 814 shares during the period. Amazon.com makes up approximately 4.1% of Means Investment CO. Inc.’s portfolio, making the stock its 7th biggest holding. Means Investment CO. Inc.’s holdings in Amazon.com were worth $42,835,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC raised its holdings in Amazon.com by 542,733.6% in 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 purchasing an additional 132,616,953 shares during the period. Nuveen LLC acquired a new position in Amazon.com in the 1st quarter worth about $11,674,091,000. Goldman Sachs Group Inc. boosted its holdings in Amazon.com by 21.3% in the 1st 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. raised its holdings in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Finally, Amundi raised its holdings in shares of Amazon.com by 15.1% during the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after acquiring an additional 7,267,277 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AMZN shares. Robert W. Baird set a $285.00 price target on Amazon.com and gave the company an “outperform” rating in a report on Friday. HSBC lifted their price target on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group lifted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Wells Fargo & Company raised their target price on Amazon.com from $280.00 to $292.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Barclays reissued an “overweight” rating and set a $300.00 target price (up previously from $275.00) on shares of Amazon.com in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $289.88.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the transaction, the chief executive officer owned 520,507 shares of the company’s stock, valued at approximately $115,354,761.34. This trade represents a 1.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 95,411 shares of company stock valued at $21,222,702 in the last 90 days. Insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 9.6%

AMZN opened at $244.22 on Monday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $250.50. The business has a fifty day simple moving average of $225.49 and a 200-day simple moving average of $216.37. The firm has a market cap of $2.60 trillion, a P/E ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.28. 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 released 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. The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current 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.