Carret Asset Management LLC Boosts Stock Position in Amazon.com, Inc. $AMZN

Carret Asset Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,619 shares of the e-commerce giant’s stock after acquiring an additional 2,705 shares during the quarter. Amazon.com comprises 1.6% of Carret Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. Carret Asset Management LLC’s holdings in Amazon.com were worth $15,274,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities research analysts have commented on AMZN shares. DZ Bank reissued a “buy” rating on shares of Amazon.com in a report on Friday, October 31st. Rothschild & Co Redburn reiterated a “neutral” rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Tuesday, November 18th. Daiwa Capital Markets boosted their price objective on shares of Amazon.com from $254.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. BNP Paribas Exane initiated coverage on shares of Amazon.com in a research report on Monday. They set an “outperform” rating on the stock. Finally, DA Davidson lifted their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $294.70.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $226.28 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The business’s fifty day moving average price is $227.66 and its two-hundred day moving average price is $222.45. The stock has a market cap of $2.42 trillion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a one year low of $161.38 and a one year 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 (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Keith Brian Alexander sold 900 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director directly owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This represents a 11.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 44,594 shares of company stock valued at $10,887,531 in the last 90 days. Company insiders own 9.70% of the company’s stock.

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.