Carnegie Investment Counsel Purchases 6,749 Shares of Amazon.com, Inc. $AMZN

Carnegie Investment Counsel raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460,806 shares of the e-commerce giant’s stock after buying an additional 6,749 shares during the period. Amazon.com comprises about 2.0% of Carnegie Investment Counsel’s holdings, making the stock its 9th largest holding. Carnegie Investment Counsel’s holdings in Amazon.com were worth $101,096,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter worth $36,000. Maryland Capital Advisors Inc. raised its position in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares in the last quarter. Ryan Investment Management Inc. acquired a new stake in Amazon.com in the 2nd quarter valued at about $48,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com in the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 1.2%

Shares of NASDAQ AMZN opened at $234.69 on Monday. The business has a 50-day moving average price of $228.70 and a 200 day moving average price of $220.98. The stock has a market cap of $2.51 trillion, a PE ratio of 35.78, a price-to-earnings-growth 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 issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $265.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Royal Bank Of Canada reissued an “outperform” rating on shares of Amazon.com in a research report on Friday, October 31st. President Capital lifted their price objective on shares of Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Scotiabank boosted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, July 22nd. Finally, William Blair restated an “outperform” rating on shares of Amazon.com in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average target price of $294.15.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction 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. This represents a 23.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the transaction, the chief executive officer owned 3,138 shares in the company, valued at approximately $695,286.66. This represents a 85.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 123,300 shares of company stock worth $28,294,038 over the last 90 days. Company insiders own 9.70% of the company’s stock.

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.