Summa Corp. Increases Position in Amazon.com, Inc. $AMZN

Summa Corp. grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 168.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,800 shares of the e-commerce giant’s stock after buying an additional 13,688 shares during the quarter. Amazon.com accounts for 2.5% of Summa Corp.’s holdings, making the stock its 6th largest holding. Summa Corp.’s holdings in Amazon.com were worth $4,783,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC lifted its holdings in shares of 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 valued at $29,100,194,000 after purchasing an additional 132,616,953 shares during the last quarter. Nuveen LLC acquired a new stake 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. boosted its holdings in Amazon.com by 1.1% in 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 buying an additional 8,913,959 shares during the last quarter. Finally, Amundi boosted its holdings in shares of Amazon.com by 15.1% during the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after purchasing an additional 7,267,277 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Weiss Ratings cut Amazon.com from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Monday, October 20th. Benchmark upped their target price on Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday. Susquehanna set a $300.00 price objective on Amazon.com and gave the stock a “positive” rating in a report on Friday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $289.88.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $244.22 on Monday. The stock has a market cap 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 stock’s 50 day moving average price is $225.49 and its 200 day moving average price is $216.37. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

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

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total transaction of $601,752.60. Following the transaction, the vice president owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This represents a 2.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 95,411 shares of company stock valued at $21,222,702 in the last quarter. 9.70% of the stock is currently owned by insiders.

About Amazon.com

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.