Amazon.com, Inc. $AMZN is Fisher Funds Management LTD’s 2nd Largest Position

Fisher Funds Management LTD decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,014,155 shares of the e-commerce giant’s stock after selling 110,324 shares during the quarter. Amazon.com accounts for approximately 5.3% of Fisher Funds Management LTD’s investment portfolio, making the stock its 2nd largest holding. Fisher Funds Management LTD’s holdings in Amazon.com were worth $222,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com in the second quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter valued at $36,000. Maryland Capital Advisors Inc. grew its position in 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 purchasing an additional 95 shares during the period. Ryan Investment Management Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at about $48,000. Finally, MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Amazon.com during the 1st quarter valued at about $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Evercore ISI upped their price objective on Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Bank of America lifted their target price on shares of Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a report on Friday, October 31st. BNP Paribas assumed coverage on shares of Amazon.com in a report on Monday. They set an “outperform” rating on the stock. Finally, Daiwa Capital Markets raised their price target on shares of Amazon.com from $254.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $295.78.

Amazon.com Stock Up 1.5%

AMZN stock opened at $229.67 on Wednesday. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 35.01, a P/E/G ratio of 1.52 and a beta of 1.29. The firm has a 50-day simple moving average of $227.58 and a 200-day simple moving average of $222.71. 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 posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (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 for the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the previous year, the firm posted $1.43 EPS. Amazon.com’s revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. Equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares in the company, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 82,234 shares of company stock valued at $19,052,442 in the last three months. 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.