Garrison Bradford & Associates Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,868 shares of the e-commerce giant’s stock after purchasing an additional 1,966 shares during the quarter. Amazon.com makes up about 4.8% of Garrison Bradford & Associates Inc.’s holdings, making the stock its 7th biggest position. Garrison Bradford & Associates Inc.’s holdings in Amazon.com were worth $4,359,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also modified their holdings of AMZN. Kingstone Capital Partners Texas LLC lifted its position in Amazon.com by 542,733.6% in the second 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 acquiring an additional 132,616,953 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $11,674,091,000. Goldman Sachs Group Inc. lifted its holdings in shares of Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. lifted 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 valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. Finally, Amundi boosted its position in shares of 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 purchasing an additional 7,267,277 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Trading Up 1.8%
Shares of Amazon.com stock opened at $233.30 on Friday. The firm has a market cap of $2.49 trillion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company’s 50-day simple moving average is $227.52 and its 200-day simple moving average is $222.97. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
Insider Activity
In other Amazon.com news, CEO Matthew S. Garman sold 17,768 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.90, for a total value of $3,853,879.20. Following the completion of the transaction, the chief executive officer owned 6,273 shares in the company, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 82,234 shares of company stock valued at $19,052,442 over the last three months. 9.70% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have commented on AMZN. Mizuho lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. BNP Paribas Exane started coverage on shares of Amazon.com in a report on Monday, November 24th. They issued an “outperform” rating on the stock. DZ Bank reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 31st. CIBC raised their price objective on shares of Amazon.com to $315.00 in a research report on Monday, October 20th. Finally, JMP Securities set a $300.00 target price on shares of Amazon.com in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $295.78.
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.
Featured Articles
- Five stocks we like better than Amazon.com
- Election Stocks: How Elections Affect the Stock Market
- Power On: Applied Digital’s First AI Data Center Goes Live
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Alphabet: The AI Leader Best Positioned to Dominate 2026
- Low PE Growth Stocks: Unlocking Investment Opportunities
- 2 Reasons to Load Up on Fiserv, 1 to Stay Away
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
