Praxis Investment Management Inc. Has $38.39 Million Holdings in Amazon.com, Inc. $AMZN

Praxis Investment Management Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,000 shares of the e-commerce giant’s stock after selling 2,190 shares during the quarter. Amazon.com accounts for about 2.5% of Praxis Investment Management Inc.’s investment portfolio, making the stock its 8th largest position. Praxis Investment Management Inc.’s holdings in Amazon.com were worth $38,393,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Carderock Capital Management Inc. acquired a new position in Amazon.com during the 2nd quarter valued at $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the 1st quarter worth about $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the 1st quarter worth about $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com during the first quarter valued at about $42,000. Finally, Maryland Capital Advisors Inc. lifted its stake in shares of 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. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 0.6%

Shares of Amazon.com stock opened at $244.41 on Friday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The stock has a market capitalization of $2.61 trillion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The company has a 50-day simple moving average of $227.39 and a 200 day simple moving average of $218.43. 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 (NASDAQ:AMZN) last released its quarterly 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 firm had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 22,000 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 $5,500,660.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% 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 over the last ninety days. 9.70% of the stock is owned by insiders.

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. Robert W. Baird set a $285.00 target price on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, October 31st. CIBC lifted their price target on shares of Amazon.com to $315.00 in a research note on Monday, October 20th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Monday, October 20th. Finally, Susquehanna set a $300.00 price objective on shares of Amazon.com and gave the stock a “positive” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $293.17.

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.