Delta Investment Management LLC Acquires 9,820 Shares of Amazon.com, Inc. $AMZN

Delta Investment Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 60,838 shares of the e-commerce giant’s stock after buying an additional 9,820 shares during the period. Amazon.com comprises approximately 2.6% of Delta Investment Management LLC’s holdings, making the stock its 10th biggest position. Delta Investment Management LLC’s holdings in Amazon.com were worth $13,347,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Riverwater Partners LLC boosted its stake in Amazon.com by 10.9% in the second quarter. Riverwater Partners LLC now owns 5,501 shares of the e-commerce giant’s stock valued at $1,207,000 after acquiring an additional 540 shares during the period. Signature Wealth Management Group bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $1,410,000. Envestnet Asset Management Inc. boosted its position in Amazon.com by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,082,040 shares of the e-commerce giant’s stock valued at $2,870,014,000 after purchasing an additional 466,861 shares during the period. Chilton Capital Management LLC grew its stake in Amazon.com by 15.8% during the 2nd quarter. Chilton Capital Management LLC now owns 509,362 shares of the e-commerce giant’s stock worth $111,749,000 after buying an additional 69,505 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Amazon.com by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,999,627 shares of the e-commerce giant’s stock worth $438,698,000 after buying an additional 6,086 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMZN shares. BMO Capital Markets reissued an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a report on Friday, October 31st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, October 31st. Morgan Stanley restated an “overweight” rating and issued a $315.00 target price (up previously from $300.00) on shares of Amazon.com in a research report on Friday, October 31st. Rothschild Redb cut Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, KeyCorp boosted their price objective on Amazon.com from $300.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.70.

Insiders Place Their Bets

In related news, Director Jonathan Rubinstein sold 8,173 shares of the business’s 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 $2,043,495.19. Following the sale, the director directly owned 80,030 shares in the company, valued at $20,009,900.90. The trade was a 9.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $232.71, for a total transaction of $1,113,284.64. Following the sale, the chief executive officer directly owned 498,182 shares of the company’s stock, valued at approximately $115,931,933.22. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 43,357 shares of company stock worth $10,607,215. 10.80% of the stock is owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $217.14 on Friday. The business has a 50 day moving average price of $227.92 and a two-hundred day moving average price of $221.48. 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 company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion for 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 period last year, the firm earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.