NorthRock Partners LLC Boosts Position in Amazon.com, Inc. $AMZN

NorthRock Partners LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,008 shares of the e-commerce giant’s stock after acquiring an additional 13,967 shares during the period. Amazon.com makes up about 0.9% of NorthRock Partners LLC’s holdings, making the stock its 21st biggest position. NorthRock Partners LLC’s holdings in Amazon.com were worth $35,543,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Carderock Capital Management Inc. purchased a new position in Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter valued at about $40,000. Capitol Family Office Inc. bought a new position in shares of Amazon.com during the 1st quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. raised its holdings 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 buying an additional 95 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on AMZN shares. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 target price (up previously from $300.00) on shares of Amazon.com in a research report on Friday. Stifel Nicolaus boosted their price objective on shares of Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Maxim Group lifted their price objective on Amazon.com from $272.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Barclays reissued an “overweight” rating and issued a $300.00 price target (up from $275.00) on shares of Amazon.com in a research note on Friday. Finally, Wedbush reissued an “outperform” rating and set a $340.00 price objective on shares of Amazon.com in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.42.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $249.32 on Wednesday. The firm’s 50-day moving average is $226.43 and its 200 day moving average is $217.49. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market cap of $2.66 trillion, a price-to-earnings ratio of 38.01, a PEG ratio of 1.52 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 8,173 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the sale, the director owned 80,030 shares in the company, valued at $20,009,900.90. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 128,084 shares of company stock valued at $29,405,457 in the last three months. 9.70% of the stock is currently owned by 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.