Signet Investment Advisory Group Inc. Sells 1,382 Shares of Amazon.com, Inc. $AMZN

Signet Investment Advisory Group Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% during the second quarter, HoldingsChannel.com reports. The fund owned 13,268 shares of the e-commerce giant’s stock after selling 1,382 shares during the quarter. Amazon.com makes up approximately 1.5% of Signet Investment Advisory Group Inc.’s investment portfolio, making the stock its 28th biggest holding. Signet Investment Advisory Group Inc.’s holdings in Amazon.com were worth $2,911,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. 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 worth $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Nuveen LLC bought a new stake in shares of Amazon.com in the first quarter valued at about $11,674,091,000. Goldman Sachs Group Inc. lifted its stake in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares during the period. Vanguard Group Inc. lifted its stake 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 worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. Finally, Amundi grew its holdings in Amazon.com by 15.1% during the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after acquiring an additional 7,267,277 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $220.69 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The business’s fifty day simple moving average is $227.77 and its 200-day simple moving average is $221.72. 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 PE ratio of 33.64, a PEG ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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 return on equity of 23.84% and a net margin of 10.54%.The firm 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 for the quarter was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 completion of the transaction, the chief executive officer owned 498,182 shares in the company, valued at $115,931,933.22. This trade represents a 0.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 8,173 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 value of $2,043,495.19. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 43,357 shares of company stock worth $10,607,215 in the last three months. Corporate insiders own 9.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AMZN shares. Loop Capital boosted their price target on shares of Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a report on Tuesday. Benchmark lifted their price objective on shares of Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 31st. KeyCorp boosted their price objective on shares of Amazon.com from $300.00 to $303.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Arete upped their target price on Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Finally, Cowen reaffirmed a “buy” rating on shares of Amazon.com 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $294.70.

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.