Summit Investment Advisory Services LLC Takes Position in Amazon.com, Inc. $AMZN

Summit Investment Advisory Services LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,869 shares of the e-commerce giant’s stock, valued at approximately $629,000.

A number of other hedge funds have also bought and sold shares of AMZN. Everest Management Corp. raised its stake in Amazon.com by 10.4% during the second quarter. Everest Management Corp. now owns 7,137 shares of the e-commerce giant’s stock valued at $1,566,000 after buying an additional 675 shares in the last quarter. Center for Financial Planning Inc. increased its holdings in shares of Amazon.com by 0.6% in the 2nd quarter. Center for Financial Planning Inc. now owns 24,389 shares of the e-commerce giant’s stock valued at $5,351,000 after acquiring an additional 153 shares during the last quarter. Continental Investors Services Inc. raised its position in shares of Amazon.com by 3.5% during the 2nd quarter. Continental Investors Services Inc. now owns 4,572 shares of the e-commerce giant’s stock valued at $1,003,000 after acquiring an additional 154 shares in the last quarter. Mill Capital Management LLC raised its position in shares of Amazon.com by 0.8% during the 2nd quarter. Mill Capital Management LLC now owns 190,231 shares of the e-commerce giant’s stock valued at $41,735,000 after acquiring an additional 1,598 shares in the last quarter. Finally, Balentine LLC lifted its stake in Amazon.com by 37.6% during the second quarter. Balentine LLC now owns 11,387 shares of the e-commerce giant’s stock worth $2,498,000 after purchasing an additional 3,112 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 0.2%

AMZN opened at $229.16 on Thursday. The stock’s 50 day moving average price is $227.53 and its 200 day moving average price is $222.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market cap of $2.45 trillion, a P/E ratio of 34.93, a P/E/G ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. President Capital boosted their target price on shares of Amazon.com from $280.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Benchmark increased their price objective on shares of Amazon.com from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Loop Capital lifted their target price on Amazon.com from $300.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. CIBC increased their price target on Amazon.com to $315.00 in a research report on Monday, October 20th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $300.00 price target on shares of Amazon.com in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares in the company, valued at $1,360,613.70. This represents a 73.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 82,234 shares of company stock worth $19,052,442 over the last ninety days. Insiders own 9.70% of the company’s stock.

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.