Smithbridge Asset Management Inc. DE Reduces Stock Holdings in Amazon.com, Inc. $AMZN

Smithbridge Asset Management Inc. DE cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 77,579 shares of the e-commerce giant’s stock after selling 2,579 shares during the quarter. Amazon.com comprises 3.0% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 4th biggest position. Smithbridge Asset Management Inc. DE’s holdings in Amazon.com were worth $17,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of AMZN. Wilson Asset Management International PTY Ltd. purchased a new position in Amazon.com during the 2nd quarter worth approximately $11,102,000. Western Wealth Management LLC grew its holdings in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC lifted its stake in Amazon.com by 87.7% in the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new stake in Amazon.com during the 1st quarter worth about $514,000. Finally, Border to Coast Pensions Partnership Ltd grew its stake in Amazon.com by 6.0% during the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after acquiring an additional 63,924 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Maxim Group upped their target price on Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a report on Friday, October 31st. Piper Sandler reiterated a “negative” rating on shares of Amazon.com in a research note on Friday, October 31st. Stifel Nicolaus increased their target price on shares of Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Scotiabank boosted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Finally, CICC Research upped their price target on shares of Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fifty-four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $293.17.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 128,084 shares of company stock worth $29,405,457 in the last three months. 9.70% of the stock is owned by insiders.

Amazon.com Trading Up 0.6%

Shares of NASDAQ:AMZN opened at $244.41 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.61 trillion, a PE ratio of 37.26, a P/E/G ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The firm has a fifty day moving average price of $227.39 and a 200 day moving average price of $218.43.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating 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 analyst estimates of $177.53 billion. During the same period last year, the company earned $1.43 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.