Pegasus Asset Management Inc. Buys 1,204 Shares of Amazon.com, Inc. $AMZN

Pegasus Asset Management Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,116 shares of the e-commerce giant’s stock after purchasing an additional 1,204 shares during the quarter. Amazon.com comprises about 2.9% of Pegasus Asset Management Inc.’s portfolio, making the stock its 13th biggest position. Pegasus Asset Management Inc.’s holdings in Amazon.com were worth $8,362,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the second quarter worth about $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $40,000. Maryland Capital Advisors Inc. raised its holdings in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. Finally, Capitol Family Office Inc. bought a new stake in shares of Amazon.com in the 1st quarter valued at about $42,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at $695,286.66. This trade represents a 85.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 95,411 shares of company stock worth $21,222,702 over the last 90 days. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 4.0%

AMZN stock opened at $254.00 on Tuesday. The firm has a 50 day moving average of $226.02 and a 200 day moving average of $216.95. The stock has a market capitalization of $2.71 trillion, a PE ratio of 38.72, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. 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 posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter last year, the company posted $1.43 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Wolfe Research lifted their price objective on shares of Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. JPMorgan Chase & Co. upped their price objective on Amazon.com from $265.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $265.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Truist Financial set a $290.00 target price on shares of Amazon.com in a report on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Strong Buy rating, fifty-one have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $291.94.

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.