Adell Harriman & Carpenter Inc. Has $46.99 Million Position in Amazon.com, Inc. $AMZN

Adell Harriman & Carpenter Inc. lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,195 shares of the e-commerce giant’s stock after selling 1,950 shares during the period. Amazon.com makes up 3.1% of Adell Harriman & Carpenter Inc.’s portfolio, making the stock its 5th biggest position. Adell Harriman & Carpenter Inc.’s holdings in Amazon.com were worth $46,992,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of AMZN. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter valued at $27,000. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at approximately $36,000. Maryland Capital Advisors Inc. grew 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 valued at $46,000 after purchasing an additional 95 shares during the period. Ryan Investment Management Inc. bought a new stake in Amazon.com during the 2nd quarter worth approximately $48,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Amazon.com during the 1st quarter worth approximately $59,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the sale, the director owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the completion of the transaction, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. This represents a 4.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 44,594 shares of company stock valued at $10,887,531 in the last ninety days. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 2.5%

Shares of NASDAQ:AMZN opened at $226.28 on Tuesday. The company has a 50-day simple moving average of $227.66 and a 200 day simple moving average of $222.45. The company has a market capitalization of $2.42 trillion, a P/E ratio of 34.49, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. 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 earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Rothschild Redb cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $315.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Friday, October 31st. Truist Financial set a $290.00 price target on Amazon.com in a research note on Friday, October 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Friday, October 31st. Finally, BNP Paribas started coverage on Amazon.com in a report on Monday. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $294.70.

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.