Everest Management Corp. Grows Holdings in Amazon.com, Inc. $AMZN

Everest Management Corp. increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,137 shares of the e-commerce giant’s stock after acquiring an additional 675 shares during the quarter. Amazon.com comprises about 1.1% of Everest Management Corp.’s investment portfolio, making the stock its 18th biggest holding. Everest Management Corp.’s holdings in Amazon.com were worth $1,566,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Center for Financial Planning Inc. grew its holdings in Amazon.com by 0.6% in the second quarter. Center for Financial Planning Inc. now owns 24,389 shares of the e-commerce giant’s stock worth $5,351,000 after purchasing an additional 153 shares during the period. Continental Investors Services Inc. lifted its holdings in shares of Amazon.com by 3.5% during the second quarter. Continental Investors Services Inc. now owns 4,572 shares of the e-commerce giant’s stock valued at $1,003,000 after purchasing an additional 154 shares during the last quarter. Mill Capital Management LLC boosted its position in shares of Amazon.com by 0.8% in the 2nd quarter. Mill Capital Management LLC now owns 190,231 shares of the e-commerce giant’s stock worth $41,735,000 after purchasing an additional 1,598 shares in the last quarter. Balentine LLC grew its stake in shares of Amazon.com by 37.6% in the 2nd quarter. Balentine LLC now owns 11,387 shares of the e-commerce giant’s stock worth $2,498,000 after buying an additional 3,112 shares during the last quarter. Finally, Hutchinson Financial Advisors INC bought a new position in Amazon.com during the 2nd quarter valued at approximately $2,600,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 0.2%

Shares of AMZN stock opened at $229.16 on Thursday. 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, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The stock has a market capitalization of $2.45 trillion, a P/E ratio of 34.93, a P/E/G ratio of 1.52 and a beta of 1.29. The firm’s 50 day moving average is $227.53 and its 200 day moving average is $222.76.

Amazon.com (NASDAQ:AMZN) last announced 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. The business had revenue of $180.17 billion during 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 quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.43 EPS. 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 year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were 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 in the company, valued at $123,391,555.21. This represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 8,173 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $250.03, for a total transaction of $2,043,495.19. Following the sale, the director owned 80,030 shares of the company’s stock, valued at $20,009,900.90. This trade represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 82,234 shares of company stock valued at $19,052,442 in the last 90 days. Insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Rothschild & Co Redburn reissued a “neutral” rating and issued a $250.00 target price on shares of Amazon.com in a report on Tuesday, November 18th. Evercore ISI upped their price target on shares of Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Sanford C. Bernstein set a $300.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Roth Capital lifted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Maxim Group increased their price target on shares of Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $295.78.

About Amazon.com

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.