Amazon.com, Inc. $AMZN Shares Purchased by Purkiss Capital Advisors LLC

Purkiss Capital Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 40.7% during the second quarter, HoldingsChannel reports. The firm owned 17,991 shares of the e-commerce giant’s stock after buying an additional 5,206 shares during the quarter. Amazon.com accounts for about 2.2% of Purkiss Capital Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Purkiss Capital Advisors LLC’s holdings in Amazon.com were worth $3,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com during the second quarter worth $27,000. Cooksen Wealth LLC bought a new stake in Amazon.com during the 1st quarter worth $36,000. Maryland Capital Advisors Inc. increased its holdings in Amazon.com by 81.9% in 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 in the last quarter. Ryan Investment Management Inc. bought a new position in Amazon.com in the second quarter valued at about $48,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of Amazon.com during the first quarter valued at about $59,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Loop Capital upped their price objective on Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday. UBS Group set a $310.00 price target on shares of Amazon.com in a research report on Friday, October 31st. Westpark Capital reiterated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Susquehanna set a $300.00 price objective on shares of Amazon.com and gave the stock a “positive” rating in a research note on Friday, October 31st. Finally, Zacks Research upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.70.

Amazon.com Stock Performance

Shares of AMZN opened at $220.69 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 firm’s fifty day simple moving average is $227.77 and its two-hundred day simple moving average is $221.72. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The stock has a market capitalization of $2.36 trillion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $177.53 billion. During the same period in the previous year, the business earned $1.43 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. As a group, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, Director Keith Brian Alexander sold 900 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the transaction, the director owned 7,170 shares in the company, valued at $1,670,610. The trade was a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 22,000 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 43,357 shares of company stock worth $10,607,215. Corporate 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.