Amazon.com, Inc. $AMZN Shares Bought by Palmer Knight Co

Palmer Knight Co lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 43,259 shares of the e-commerce giant’s stock after acquiring an additional 6,184 shares during the period. Amazon.com makes up about 4.0% of Palmer Knight Co’s holdings, making the stock its largest holding. Palmer Knight Co’s holdings in Amazon.com were worth $9,491,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Schubert & Co grew its holdings in Amazon.com by 89.6% during the second quarter. Schubert & Co now owns 3,106 shares of the e-commerce giant’s stock valued at $681,000 after purchasing an additional 1,468 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Amazon.com in the second quarter worth $434,173,000. Signature Estate & Investment Advisors LLC boosted its holdings in shares of Amazon.com by 4.9% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 481,392 shares of the e-commerce giant’s stock worth $105,613,000 after buying an additional 22,667 shares during the period. United Bank grew its stake in Amazon.com by 5.3% in the 2nd quarter. United Bank now owns 37,116 shares of the e-commerce giant’s stock valued at $8,143,000 after buying an additional 1,862 shares during the last quarter. Finally, Novare Capital Management LLC raised its holdings in Amazon.com by 1.2% in the 2nd quarter. Novare Capital Management LLC now owns 135,478 shares of the e-commerce giant’s stock worth $29,723,000 after acquiring an additional 1,603 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $244.41 on Monday. The firm has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 37.26, a PEG ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The business has a fifty day simple moving average of $227.39 and a 200 day simple moving average of $219.01. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

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

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Westpark Capital restated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Piper Sandler reissued a “negative” rating on shares of Amazon.com in a research report on Friday, October 31st. Robert W. Baird set a $285.00 target price on Amazon.com and gave the company an “outperform” rating in a report on Friday, October 31st. Raymond James Financial upped their price target on Amazon.com from $230.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Maxim Group increased their price objective on Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $294.04.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction that occurred 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 directly owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. The trade was a 85.00% 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 link. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. This represents a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 128,084 shares of company stock valued at $29,405,457 over the last 90 days. Company 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.