Mill Capital Management LLC Increases Holdings in Amazon.com, Inc. $AMZN

Mill Capital Management LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,231 shares of the e-commerce giant’s stock after purchasing an additional 1,598 shares during the period. Amazon.com comprises approximately 3.3% of Mill Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Mill Capital Management LLC’s holdings in Amazon.com were worth $41,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Balentine LLC raised its holdings in shares of Amazon.com by 37.6% during the 2nd quarter. Balentine LLC now owns 11,387 shares of the e-commerce giant’s stock worth $2,498,000 after buying an additional 3,112 shares in the last quarter. Hutchinson Financial Advisors INC bought a new position in Amazon.com in the second quarter valued at about $2,600,000. Syverson Strege & Co raised its stake in Amazon.com by 244.8% during the second quarter. Syverson Strege & Co now owns 8,614 shares of the e-commerce giant’s stock worth $1,890,000 after acquiring an additional 6,116 shares in the last quarter. Saxony Capital Management LLC lifted its holdings in shares of Amazon.com by 25.2% in the second quarter. Saxony Capital Management LLC now owns 9,035 shares of the e-commerce giant’s stock worth $1,982,000 after acquiring an additional 1,817 shares during the last quarter. Finally, Great Lakes Retirement Inc. boosted its stake in shares of Amazon.com by 1.3% in the 2nd quarter. Great Lakes Retirement Inc. now owns 117,840 shares of the e-commerce giant’s stock valued at $25,853,000 after purchasing an additional 1,498 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Telsey Advisory Group increased their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. BNP Paribas started coverage on Amazon.com in a report on Monday. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus lifted their price target on Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.

Amazon.com Trading Down 0.2%

Shares of AMZN stock opened at $229.16 on Thursday. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. 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 stock has a market cap of $2.45 trillion, a price-to-earnings ratio of 34.93, a PEG ratio of 1.52 and a beta of 1.29. The stock has a 50-day moving average of $227.53 and a 200-day moving average of $222.76.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the sale, the director directly owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This represents a 4.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the transaction, the director directly owned 7,170 shares of the company’s stock, valued at $1,670,610. This represents a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 82,234 shares of company stock worth $19,052,442. Corporate 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.