Ring Mountain Capital LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,398 shares of the e-commerce giant’s stock after buying an additional 452 shares during the period. Amazon.com makes up 4.9% of Ring Mountain Capital LLC’s portfolio, making the stock its 7th largest holding. Ring Mountain Capital LLC’s holdings in Amazon.com were worth $8,005,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in AMZN. Barlow Wealth Partners Inc. increased its position in shares of 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 purchasing an additional 44 shares during the last quarter. Ridgecrest Wealth Partners LLC boosted its stake in Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares during the period. Probity Advisors Inc. increased its position in 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 acquiring an additional 45 shares during the last quarter. Bare Financial Services Inc increased its position in 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 acquiring an additional 48 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC raised its stake in shares of Amazon.com by 1.2% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after acquiring an additional 48 shares during the period. 72.20% of the stock is currently owned by institutional investors.
Insider Activity at Amazon.com
In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares of the company’s stock, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 8,173 shares of the company’s stock in a transaction 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 sale, the director owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. This represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 79,734 shares of company stock valued at $18,493,717 over the last quarter. 9.70% of the stock is owned by insiders.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter last year, the firm posted $1.43 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on AMZN shares. Bank of America lifted their price target on shares of Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Evercore ISI raised their price objective on shares of Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Piper Sandler reaffirmed a “negative” rating on shares of Amazon.com in a research note on Friday, October 31st. Morgan Stanley reissued an “overweight” rating and set a $315.00 price target (up from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. Finally, UBS Group set a $310.00 price objective on Amazon.com in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $296.05.
Check Out Our Latest Stock Report on AMZN
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.
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