Strs Ohio Cuts Holdings in Amazon.com, Inc. $AMZN

Strs Ohio reduced its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the 2nd quarter, Holdings Channel reports. The firm owned 4,220,448 shares of the e-commerce giant’s stock after selling 67,296 shares during the period. Amazon.com accounts for approximately 3.5% of Strs Ohio’s holdings, making the stock its 4th biggest position. Strs Ohio’s holdings in Amazon.com were worth $925,924,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Carderock Capital Management Inc. acquired a new position in Amazon.com in the 2nd quarter valued at $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the 1st quarter worth $36,000. Maryland Capital Advisors Inc. boosted its holdings in Amazon.com by 81.9% during the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 95 shares during the period. Ryan Investment Management Inc. acquired a new stake in shares of Amazon.com in the second quarter valued at about $48,000. Finally, MJT & Associates Financial Advisory Group Inc. bought a new position in shares of Amazon.com in the first quarter worth about $59,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Monness Crespi & Hardt increased their target price on Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. CICC Research increased their price objective on Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. HSBC raised their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Rothschild Redb cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Wells Fargo & Company raised their price target on shares of Amazon.com from $280.00 to $292.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-seven have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $294.70.

Insider Buying and Selling

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the completion of the transaction, the director directly owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 4,784 shares of the company’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $232.71, for a total transaction of $1,113,284.64. Following the completion of the sale, the chief executive officer directly owned 498,182 shares in the company, valued at approximately $115,931,933.22. The trade was a 0.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 44,594 shares of company stock worth $10,887,531 in the last quarter. Corporate insiders own 9.70% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $226.28 on Tuesday. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.42 trillion, a P/E ratio of 34.49, a PEG ratio of 1.52 and a beta of 1.29. The company’s 50-day simple moving average is $227.66 and its 200 day simple moving average is $222.45.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results 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. 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 analysts’ expectations of $177.53 billion. During the same quarter last year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.