Amazon.com, Inc. $AMZN Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 550,839 shares of the e-commerce giant’s stock after purchasing an additional 19,867 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Amazon.com were worth $120,848,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the second quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter valued at $36,000. Inlight Wealth Management LLC acquired a new position in shares of Amazon.com in the first quarter worth $40,000. Maryland Capital Advisors Inc. increased its stake in shares of Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com during the first quarter worth $42,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 1.8%

Shares of AMZN stock opened at $249.32 on Wednesday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The stock has a market cap of $2.66 trillion, a P/E ratio of 38.01, 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 stock has a 50 day simple moving average of $226.43 and a 200 day simple moving average of $217.49.

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

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. Westpark Capital reaffirmed a “buy” rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. TD Cowen boosted their target price on Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Sanford C. Bernstein set a $300.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday. Canaccord Genuity Group set a $300.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday. Finally, Truist Financial set a $290.00 target price on Amazon.com in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $293.42.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the completion of the transaction, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. This represents a 4.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on 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 of the company’s stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,084 shares of company stock worth $29,405,457 in the last ninety days. Insiders own 9.70% of the company’s stock.

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.