Transcend Capital Advisors LLC Sells 9,307 Shares of Amazon.com, Inc. $AMZN

Transcend Capital Advisors LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 92,949 shares of the e-commerce giant’s stock after selling 9,307 shares during the period. Amazon.com comprises about 1.5% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 11th largest position. Transcend Capital Advisors LLC’s holdings in Amazon.com were worth $20,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter valued at $27,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter worth $36,000. Maryland Capital Advisors Inc. lifted its holdings in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 95 shares during the period. Ryan Investment Management Inc. bought a new stake in Amazon.com during the second quarter valued at $48,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new stake in Amazon.com during the 1st quarter worth about $59,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. DZ Bank restated a “buy” rating on shares of Amazon.com in a research report on Friday, October 31st. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 price objective (up previously from $300.00) on shares of Amazon.com in a research note on Friday, October 31st. Robert W. Baird set a $285.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, October 31st. HSBC upped their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Pivotal Research boosted their target price on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $294.70.

Amazon.com Price Performance

AMZN opened at $217.14 on Friday. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. 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 company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 33.10, a P/E/G ratio of 1.52 and a beta of 1.29. The firm’s fifty day moving average price is $227.92 and its two-hundred day moving average price is $221.48.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $1.43 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director owned 7,170 shares in the company, valued at approximately $1,670,610. This represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 22,000 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 transaction of $5,500,660.00. Following the sale, the chief executive officer owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,357 shares of company stock worth $10,607,215 in the last 90 days. Insiders own 10.80% of the company’s stock.

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.