Novare Capital Management LLC Boosts Stock Holdings in Amazon.com, Inc. $AMZN

Novare Capital Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,478 shares of the e-commerce giant’s stock after purchasing an additional 1,603 shares during the quarter. Amazon.com comprises 2.4% of Novare Capital Management LLC’s portfolio, making the stock its 9th largest position. Novare Capital Management LLC’s holdings in Amazon.com were worth $29,723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Kingstone Capital Partners Texas LLC boosted its holdings in Amazon.com by 542,733.6% in the second 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 acquiring an additional 132,616,953 shares in the last quarter. Nuveen LLC bought a new position in shares of Amazon.com during the first quarter valued at $11,674,091,000. Goldman Sachs Group Inc. increased its holdings in shares of Amazon.com by 21.3% during the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. Finally, Amundi boosted its stake in Amazon.com by 15.1% in the 1st quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after purchasing an additional 7,267,277 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $5,500,660.00. Following the sale, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at $123,391,555.21. This represents a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 128,084 shares of company stock worth $29,405,457 in the last quarter. Company insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Truist Financial set a $290.00 price target on shares of Amazon.com in a report on Friday, October 31st. Citizens Jmp boosted their price objective on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “market outperform” rating in a report on Friday, October 31st. Roth Capital upped their price objective on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Sanford C. Bernstein set a $300.00 target price on Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $294.04.

Amazon.com Trading Up 0.6%

Amazon.com stock opened at $244.41 on Monday. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a market cap of $2.61 trillion, a P/E ratio of 37.26, a P/E/G ratio of 1.52 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $227.39 and a two-hundred day simple moving average of $219.01.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. 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.