Cushing Capital Partners LLC Has $250,000 Position in Amazon.com, Inc. $AMZN

Cushing Capital Partners LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,141 shares of the e-commerce giant’s stock after selling 240 shares during the period. Cushing Capital Partners LLC’s holdings in Amazon.com were worth $250,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of AMZN. Pettinga Financial Advisors LLC increased its position in shares of Amazon.com by 3.3% during the second quarter. Pettinga Financial Advisors LLC now owns 5,529 shares of the e-commerce giant’s stock worth $1,213,000 after acquiring an additional 179 shares in the last quarter. Variant Private Wealth LLC boosted its stake in Amazon.com by 2.0% in the 2nd quarter. Variant Private Wealth LLC now owns 18,912 shares of the e-commerce giant’s stock worth $4,149,000 after purchasing an additional 369 shares during the period. Bridges Investment Management Inc. boosted its stake in Amazon.com by 3.9% in the 2nd quarter. Bridges Investment Management Inc. now owns 1,472,534 shares of the e-commerce giant’s stock worth $323,059,000 after purchasing an additional 55,688 shares during the period. Patten & Patten Inc. TN increased its holdings in Amazon.com by 2.8% during the 2nd quarter. Patten & Patten Inc. TN now owns 42,927 shares of the e-commerce giant’s stock worth $9,418,000 after purchasing an additional 1,185 shares in the last quarter. Finally, Callahan Advisors LLC raised its stake in shares of Amazon.com by 2.3% in the 2nd quarter. Callahan Advisors LLC now owns 221,392 shares of the e-commerce giant’s stock valued at $48,571,000 after purchasing an additional 4,950 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Oppenheimer upped their price objective on Amazon.com from $245.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Sanford C. Bernstein set a $300.00 price target on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, October 31st. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 31st. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $265.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $293.17.

Insider Transactions at Amazon.com

In other news, Director Jonathan Rubinstein sold 8,173 shares of the firm’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 directly owned 80,030 shares of the company’s stock, valued at $20,009,900.90. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 128,084 shares of company stock valued at $29,405,457. Company insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $243.04 on Friday. The company has a fifty day moving average price of $227.08 and a two-hundred day moving average price of $217.89. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The stock has a market cap of $2.60 trillion, a P/E ratio of 37.05, a P/E/G ratio of 1.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

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

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.