Cullen Frost Bankers Inc. Buys 1,658 Shares of Amazon.com, Inc. $AMZN

Cullen Frost Bankers Inc. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 985,594 shares of the e-commerce giant’s stock after acquiring an additional 1,658 shares during the quarter. Amazon.com makes up approximately 2.7% of Cullen Frost Bankers Inc.’s investment portfolio, making the stock its 5th largest position. Cullen Frost Bankers Inc.’s holdings in Amazon.com were worth $216,229,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after buying an additional 8,913,959 shares in the last quarter. Kingstone Capital Partners Texas LLC grew its position in shares of Amazon.com by 542,733.6% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Northern Trust Corp increased its stake in shares of Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after purchasing an additional 302,858 shares in the last quarter. Nuveen LLC acquired a new position in Amazon.com in the 1st quarter worth about $11,674,091,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Amazon.com by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,243,622 shares of the e-commerce giant’s stock valued at $11,461,952,000 after purchasing an additional 605,415 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 2.7%

Shares of NASDAQ AMZN opened at $237.58 on Friday. The stock has a market cap of $2.54 trillion, a PE ratio of 36.22, a P/E/G ratio of 1.52 and a beta of 1.29. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The company has a 50-day moving average of $228.65 and a 200 day moving average of $220.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the company posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMZN shares. Weiss Ratings raised Amazon.com from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 7th. Sanford C. Bernstein set a $300.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, October 31st. Scotiabank increased their price objective 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. Citizens Jmp boosted their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “market outperform” rating in a research note on Friday, October 31st. Finally, Pivotal Research upped their price target on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $294.15.

Insider Activity

In other news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 22,000 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $5,500,660.00. Following the transaction, the chief executive officer directly owned 493,507 shares in the company, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 123,300 shares of company stock valued at $28,294,038 in the last 90 days. 9.70% of the stock is owned by insiders.

Amazon.com Company 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.