Amazon.com, Inc. $AMZN Stock Position Reduced by Jennison Associates LLC

Jennison Associates LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,731,623 shares of the e-commerce giant’s stock after selling 2,677,578 shares during the period. Amazon.com accounts for approximately 6.0% of Jennison Associates LLC’s holdings, making the stock its 3rd biggest position. Jennison Associates LLC’s holdings in Amazon.com were worth $10,033,061,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AMZN. Wilson Asset Management International PTY Ltd. bought a new position in Amazon.com during the second quarter valued at $11,102,000. ARK Investment Management LLC increased its holdings in shares of Amazon.com by 8.3% in the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock worth $250,213,000 after buying an additional 86,978 shares during the last quarter. Flaharty Asset Management LLC raised its position in shares of Amazon.com by 87.7% during the 1st quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock valued at $968,000 after buying an additional 2,377 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in shares of Amazon.com by 6.0% in 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 during the last quarter. Finally, Alpha Wealth Funds LLC lifted its holdings in shares of Amazon.com by 172.8% in the 2nd quarter. Alpha Wealth Funds LLC now owns 3,012 shares of the e-commerce giant’s stock valued at $667,000 after acquiring an additional 1,908 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Jonathan Rubinstein sold 8,173 shares of the business’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 completion of the sale, the director owned 80,030 shares in the company, valued at approximately $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,784 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $232.71, for a total value of $1,113,284.64. Following the transaction, the chief executive officer owned 498,182 shares in the company, valued at $115,931,933.22. The trade was a 0.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 43,357 shares of company stock valued at $10,607,215. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AMZN shares. Roth Capital boosted their price objective on Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. CIBC boosted their target price on Amazon.com to $315.00 in a research report on Monday, October 20th. Morgan Stanley restated an “overweight” rating and set a $315.00 price target (up previously from $300.00) on shares of Amazon.com in a report on Friday, October 31st. Loop Capital lifted their price objective on shares of Amazon.com from $300.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Rosenblatt Securities boosted their price objective on shares of Amazon.com from $298.00 to $305.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $294.70.

Amazon.com Stock Up 1.6%

NASDAQ:AMZN opened at $220.69 on Friday. The stock has a fifty day simple moving average of $227.77 and a 200-day simple moving average of $221.98. 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 company has a market cap of $2.36 trillion, a price-to-earnings ratio of 33.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. 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 quarterly 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 for 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 firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current 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.