Hanson & Doremus Investment Management Sells 1,061 Shares of Amazon.com, Inc. $AMZN

Hanson & Doremus Investment Management decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,258 shares of the e-commerce giant’s stock after selling 1,061 shares during the quarter. Amazon.com comprises approximately 0.9% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 20th biggest holding. Hanson & Doremus Investment Management’s holdings in Amazon.com were worth $6,638,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMZN. Brighton Jones LLC raised its holdings in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC raised its holdings in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares during the period. Highview Capital Management LLC DE raised its holdings in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after buying an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $2,153,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of AMZN opened at $216.37 on Monday. The company has a market cap of $2.31 trillion, a price-to-earnings ratio of 32.98, a PEG ratio of 1.43 and a beta of 1.28. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52. The company’s fifty day simple moving average is $225.94 and its 200 day simple moving average is $211.97. 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 issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Monday, July 21st. The shares were sold at an average price of $227.77, for a total transaction of $973,315,191.49. Following the completion of the transaction, the insider directly owned 890,273,469 shares of the company’s stock, valued at $202,777,588,034.13. The trade was a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of Amazon.com 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 transaction, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,597,911 shares of company stock valued at $2,652,463,783 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMZN. Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, September 10th. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Oppenheimer lowered their price objective on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $230.00 to $266.00 in a report on Tuesday, July 22nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $266.26.

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.