Stegent Equity Advisors Inc. Grows Stock Holdings in Amazon.com, Inc. $AMZN

Stegent Equity Advisors Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,782 shares of the e-commerce giant’s stock after acquiring an additional 510 shares during the period. Stegent Equity Advisors Inc.’s holdings in Amazon.com were worth $610,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Barlow Wealth Partners Inc. grew its position in Amazon.com by 0.4% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after buying an additional 44 shares during the last quarter. Ridgecrest Wealth Partners LLC lifted its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after acquiring an additional 45 shares during the period. Probity Advisors Inc. boosted its holdings in shares of Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after acquiring an additional 45 shares in the last quarter. Bare Financial Services Inc increased its stake in shares of Amazon.com by 5.4% during the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock worth $177,000 after acquiring an additional 48 shares during the period. Finally, Heritage Oak Wealth Advisors LLC raised its holdings in Amazon.com by 1.2% during the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock worth $862,000 after purchasing an additional 48 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the sale, the chief executive officer owned 3,138 shares in the company, valued at approximately $695,286.66. This represents a 85.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 8,173 shares of the business’s stock in a transaction 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 transaction, the director directly owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. This trade represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 128,984 shares of company stock valued at $29,617,023. Corporate insiders own 10.80% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. KeyCorp lifted their price objective on Amazon.com from $300.00 to $303.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Needham & Company LLC restated a “buy” rating and issued a $265.00 price target on shares of Amazon.com in a research note on Friday, August 1st. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Cowen reissued a “buy” rating on shares of Amazon.com in a report on Friday, October 31st. Finally, China Renaissance boosted their target price on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $294.70.

Amazon.com Trading Down 4.4%

Shares of AMZN stock opened at $222.55 on Wednesday. The stock has a market cap of $2.38 trillion, a P/E ratio of 33.93, 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. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The business has a fifty day simple moving average of $228.33 and a 200-day simple moving average of $221.51.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 firm had revenue of $180.17 billion for 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 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.