Amazon.com, Inc. $AMZN Shares Sold by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,876 shares of the e-commerce giant’s stock after selling 230 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Amazon.com were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $36,000. Maryland Capital Advisors Inc. boosted 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 worth $46,000 after purchasing an additional 95 shares during the last quarter. Ryan Investment Management Inc. purchased a new position in shares of Amazon.com during the 2nd quarter worth $48,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $255.44, for a total transaction of $638,600.00. Following the completion of the transaction, the chief executive officer directly owned 491,007 shares in the company, valued at $125,422,828.08. This represents a 0.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were 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 in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,084 shares of company stock valued at $29,405,457 over the last three months. Company insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Arete increased their target price on shares of Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. President Capital boosted their target price on shares of Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. UBS Group set a $310.00 price objective on Amazon.com in a report on Friday, October 31st. Stifel Nicolaus raised their price target on Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Benchmark lifted their price objective on Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and an average target price of $294.15.

Amazon.com Stock Performance

NASDAQ AMZN opened at $244.20 on Thursday. The business’s 50-day simple moving average is $228.61 and its 200-day simple moving average is $220.04. 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 firm has a market capitalization of $2.61 trillion, a P/E ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.29.

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

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.