Cherry Creek Investment Advisors Inc. Grows Stake in Amazon.com, Inc. $AMZN

Cherry Creek Investment Advisors Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,883 shares of the e-commerce giant’s stock after purchasing an additional 346 shares during the period. Amazon.com accounts for 6.1% of Cherry Creek Investment Advisors Inc.’s portfolio, making the stock its 3rd biggest position. Cherry Creek Investment Advisors Inc.’s holdings in Amazon.com were worth $12,918,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barlow Wealth Partners Inc. lifted its position in Amazon.com by 0.4% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after acquiring an additional 44 shares during the period. Ridgecrest Wealth Partners LLC grew its holdings in Amazon.com by 0.5% in the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after purchasing an additional 45 shares during the period. Probity Advisors Inc. increased its stake in shares of Amazon.com by 0.4% during the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after purchasing an additional 45 shares in the last quarter. Bare Financial Services Inc lifted its holdings in shares of Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after purchasing an additional 48 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC boosted its position in shares of Amazon.com by 1.2% in the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after purchasing an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 22,000 shares of Amazon.com stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the completion of the sale, the chief executive officer owned 493,507 shares of the company’s stock, valued at $123,391,555.21. The trade was a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the sale, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 79,734 shares of company stock worth $18,493,717. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $233.88 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average price of $227.65 and a 200-day moving average price of $223.35. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The firm has a market capitalization of $2.50 trillion, a PE ratio of 35.65, a P/E/G ratio of 1.52 and a beta of 1.29.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMZN shares. Telsey Advisory Group raised their price objective on Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Wolfe Research raised their price target on Amazon.com from $265.00 to $270.00 in a report on Tuesday, September 30th. BNP Paribas Exane initiated coverage on Amazon.com in a research report on Monday, November 24th. They issued an “outperform” rating for the company. JMP Securities set a $300.00 price objective on shares of Amazon.com in a research report on Friday, October 31st. Finally, Arete lifted their target price on shares of Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $296.05.

Amazon.com 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.