Adams Diversified Equity Fund Inc. Has $114.68 Million Position in Amazon.com, Inc. $AMZN

Adams Diversified Equity Fund Inc. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 522,700 shares of the e-commerce giant’s stock after selling 48,300 shares during the quarter. Amazon.com comprises approximately 4.1% of Adams Diversified Equity Fund Inc.’s portfolio, making the stock its 4th biggest position. Adams Diversified Equity Fund Inc.’s holdings in Amazon.com were worth $114,675,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com in the first quarter worth $36,000. Maryland Capital Advisors Inc. boosted its holdings in 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 in the last quarter. Ryan Investment Management Inc. purchased a new stake in shares of Amazon.com in the second quarter worth $48,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com during the first quarter valued at $59,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN stock opened at $234.69 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 company has a market cap of $2.51 trillion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The stock’s fifty day moving average price is $228.70 and its 200-day moving average price is $220.49.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company 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%.Amazon.com’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald upped their price target on shares of Amazon.com from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Bank of America lifted their target price on shares of Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a report on Friday, October 31st. 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 note on Friday, October 31st. Roth Capital increased their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, China Renaissance boosted their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $294.15.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $5,500,660.00. Following the transaction, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction on 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 transaction, the chief executive officer owned 3,138 shares in the company, valued at $695,286.66. This represents a 85.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 123,300 shares of company stock worth $28,294,038. 9.70% of the stock is currently owned by corporate 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.