Amazon.com, Inc. $AMZN Stock Position Raised by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,424 shares of the e-commerce giant’s stock after purchasing an additional 2,389 shares during the period. Amazon.com makes up about 0.4% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 24th biggest position. Cassaday & Co Wealth Management LLC’s holdings in Amazon.com were worth $16,767,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AMZN. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the period. Kingstone Capital Partners Texas LLC raised its holdings in shares of Amazon.com by 542,733.6% during 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 period. Northern Trust Corp lifted its position in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after acquiring an additional 302,858 shares in the last quarter. Nuveen LLC acquired a new position in Amazon.com in the 1st quarter worth approximately $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its position in Amazon.com by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock worth $11,461,952,000 after purchasing an additional 605,415 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jonathan Rubinstein sold 8,173 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the transaction, the director directly owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. This trade represents a 9.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value 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. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 82,234 shares of company stock valued at $19,052,442. Corporate insiders own 9.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AMZN. Truist Financial set a $290.00 target price on Amazon.com in a report on Friday, October 31st. Citigroup reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday. Wedbush restated an “outperform” rating and set a $340.00 price objective on shares of Amazon.com in a research report on Monday, November 3rd. Raymond James Financial upped their target price on Amazon.com from $230.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, Monness Crespi & Hardt increased their price target on shares of Amazon.com from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.

Amazon.com Price Performance

Shares of AMZN opened at $233.30 on Monday. The firm has a market cap of $2.49 trillion, a PE ratio of 35.56, a PEG ratio of 1.52 and a beta of 1.29. The firm’s 50 day moving average price is $227.52 and its 200 day moving average price is $223.14. 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 twelve month low of $161.38 and a twelve month high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted 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. The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.