Alta Capital Management LLC Grows Stock Position in Amazon.com, Inc. $AMZN

Alta Capital Management LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 476,302 shares of the e-commerce giant’s stock after purchasing an additional 23,496 shares during the period. Amazon.com comprises about 5.9% of Alta Capital Management LLC’s holdings, making the stock its 2nd largest holding. Alta Capital Management LLC’s holdings in Amazon.com were worth $104,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pettinga Financial Advisors LLC raised its stake in shares of Amazon.com by 3.3% during the second quarter. Pettinga Financial Advisors LLC now owns 5,529 shares of the e-commerce giant’s stock worth $1,213,000 after acquiring an additional 179 shares in the last quarter. Variant Private Wealth LLC grew its holdings in shares of Amazon.com by 2.0% during the 2nd quarter. Variant Private Wealth LLC now owns 18,912 shares of the e-commerce giant’s stock valued at $4,149,000 after purchasing an additional 369 shares during the last quarter. Bridges Investment Management Inc. grew its holdings in shares of Amazon.com by 3.9% during the 2nd quarter. Bridges Investment Management Inc. now owns 1,472,534 shares of the e-commerce giant’s stock valued at $323,059,000 after purchasing an additional 55,688 shares during the last quarter. Patten & Patten Inc. TN raised its position in Amazon.com by 2.8% in the 2nd quarter. Patten & Patten Inc. TN now owns 42,927 shares of the e-commerce giant’s stock worth $9,418,000 after purchasing an additional 1,185 shares during the period. Finally, Callahan Advisors LLC lifted its stake in Amazon.com by 2.3% in the second quarter. Callahan Advisors LLC now owns 221,392 shares of the e-commerce giant’s stock worth $48,571,000 after purchasing an additional 4,950 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMZN shares. DA Davidson upped their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wells Fargo & Company boosted their target price on Amazon.com from $280.00 to $292.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Raymond James Financial raised their price target on Amazon.com from $230.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. HSBC lifted their price target on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Robert W. Baird set a $285.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $293.17.

Amazon.com Price Performance

AMZN stock opened at $243.04 on Friday. 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, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The firm has a 50-day moving average of $227.08 and a 200 day moving average of $217.89. The company has a market cap of $2.60 trillion, a P/E ratio of 37.05, a PEG ratio of 1.52 and a beta of 1.29.

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

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s 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 transaction, the chief executive officer directly owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This represents a 0.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 128,084 shares of company stock valued at $29,405,457 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Amazon.com 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.