Lee Danner & Bass Inc. Has $34.52 Million Stake in Amazon.com, Inc. $AMZN

Lee Danner & Bass Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 157,342 shares of the e-commerce giant’s stock after acquiring an additional 3,684 shares during the period. Amazon.com comprises 2.7% of Lee Danner & Bass Inc.’s portfolio, making the stock its 6th biggest position. Lee Danner & Bass Inc.’s holdings in Amazon.com were worth $34,519,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC increased its stake in Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the last quarter. Nuveen LLC bought a new position in Amazon.com during the first quarter worth about $11,674,091,000. Goldman Sachs Group Inc. increased its holdings in shares of Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock worth $11,017,657,000 after acquiring an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the period. Finally, Amundi lifted its position in Amazon.com by 15.1% during the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock worth $9,884,098,000 after acquiring an additional 7,267,277 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 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 $2,043,495.19. Following the sale, the director directly owned 80,030 shares in the company, valued at $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 123,300 shares of company stock valued at $28,294,038. Company insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 0.8%

Shares of AMZN stock opened at $232.87 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market capitalization of $2.49 trillion, a price-to-earnings ratio of 35.50, a PEG ratio of 1.52 and a beta of 1.29. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a 50-day simple moving average of $228.64 and a two-hundred day simple moving average of $221.28.

Amazon.com (NASDAQ:AMZN) last released its 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 firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. The company’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Deutsche Bank Aktiengesellschaft raised their price target on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Zacks Research upgraded shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. HSBC lifted their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Stifel Nicolaus raised their price target on shares of Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Raymond James Financial upped their target price on Amazon.com from $230.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus target price of $294.15.

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.