Cornerstone Advisory LLC Purchases 243 Shares of Amazon.com, Inc. $AMZN

Cornerstone Advisory LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,739 shares of the e-commerce giant’s stock after purchasing an additional 243 shares during the quarter. Amazon.com comprises about 1.7% of Cornerstone Advisory LLC’s portfolio, making the stock its 17th biggest position. Cornerstone Advisory LLC’s holdings in Amazon.com were worth $15,958,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the second quarter worth about $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at about $36,000. Maryland Capital Advisors Inc. lifted its position in shares of Amazon.com by 81.9% in 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 period. Ryan Investment Management Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth approximately $48,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com during the first quarter valued at approximately $59,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan Rubinstein sold 8,173 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 80,030 shares of the company’s stock, valued at $20,009,900.90. This trade represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 123,300 shares of company stock valued at $28,294,038. 9.70% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $234.69 on Friday. The company has a 50 day moving average price of $228.70 and a 200 day moving average price of $220.72. The firm has a market capitalization of $2.51 trillion, a P/E ratio of 35.78, a PEG ratio of 1.52 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. Robert W. Baird set a $285.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Friday, October 31st. Piper Sandler reissued a “negative” rating on shares of Amazon.com in a research report on Friday, October 31st. Westpark Capital restated a “buy” rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Wolfe Research boosted their target price on shares of Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. Finally, JMP Securities set a $300.00 price target on shares of Amazon.com in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $294.15.

About Amazon.com

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.