Bristlecone Advisors LLC Has $34.51 Million Position in Amazon.com, Inc. $AMZN

Bristlecone Advisors LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 157,320 shares of the e-commerce giant’s stock after selling 28,237 shares during the period. Amazon.com accounts for about 2.9% of Bristlecone Advisors LLC’s holdings, making the stock its 7th biggest position. Bristlecone Advisors LLC’s holdings in Amazon.com were worth $34,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC increased its stake in Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Nuveen LLC acquired a new position in shares of Amazon.com during the first quarter valued at about $11,674,091,000. Goldman Sachs Group Inc. increased its position in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the last quarter. Finally, Amundi lifted its position in Amazon.com by 15.1% in the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after acquiring an additional 7,267,277 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com 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 owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. The trade was a 9.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 4,784 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $232.71, for a total value of $1,113,284.64. Following the completion of the transaction, the chief executive officer owned 498,182 shares in the company, valued at approximately $115,931,933.22. The trade was a 0.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 43,357 shares of company stock worth $10,607,215 in the last quarter. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on AMZN shares. Zacks Research raised Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, October 31st. Telsey Advisory Group increased their price target on Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Arete raised their price objective on Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research note on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $294.70.

Amazon.com Trading Up 1.6%

Shares of Amazon.com stock opened at $220.69 on Monday. The firm has a market cap of $2.36 trillion, a PE ratio of 33.64, a P/E/G 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. 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 stock has a fifty day moving average price of $227.77 and a 200-day moving average price of $222.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the prior year, the business earned $1.43 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Amazon.com Company 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.