Cornerstone Wealth Group LLC Boosts Stake in Amazon.com, Inc. $AMZN

Cornerstone Wealth Group LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 85,807 shares of the e-commerce giant’s stock after purchasing an additional 4,633 shares during the quarter. Amazon.com makes up approximately 1.4% of Cornerstone Wealth Group LLC’s investment portfolio, making the stock its 15th biggest position. Cornerstone Wealth Group LLC’s holdings in Amazon.com were worth $18,825,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Carderock Capital Management Inc. bought a new stake in Amazon.com during the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter worth $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $40,000. Maryland Capital Advisors Inc. raised its position in shares of Amazon.com by 81.9% during 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 during the period. Finally, Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter worth $42,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of analyst reports. Roth Capital increased their price target on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. BMO Capital Markets reiterated an “outperform” rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday. Oppenheimer lifted their target price on Amazon.com from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. President Capital upped their price target on Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Rosenblatt Securities increased their price objective on shares of Amazon.com from $298.00 to $305.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $293.42.

Amazon.com Stock Performance

Amazon.com stock opened at $249.32 on Wednesday. The company’s 50-day moving average price is $226.43 and its 200-day moving average price is $217.49. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month 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. The company has a market cap of $2.66 trillion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last announced its quarterly 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. The firm 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 firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 3,138 shares in the company, valued at approximately $695,286.66. The trade was a 85.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $255.44, for a total value of $638,600.00. Following the sale, the chief executive officer owned 491,007 shares in the company, valued at $125,422,828.08. The trade was a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 128,084 shares of company stock worth $29,405,457. 9.70% of the stock is currently owned by company insiders.

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.