New Millennium Group LLC Purchases 23,732 Shares of Amazon.com, Inc. $AMZN

New Millennium Group LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 808.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,669 shares of the e-commerce giant’s stock after buying an additional 23,732 shares during the period. Amazon.com accounts for approximately 3.2% of New Millennium Group LLC’s investment portfolio, making the stock its 8th largest holding. New Millennium Group LLC’s holdings in Amazon.com were worth $5,851,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its position in Amazon.com by 542,733.6% during 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 purchasing an additional 132,616,953 shares during the period. Nuveen LLC acquired a new position in Amazon.com in the first quarter valued at approximately $11,674,091,000. Goldman Sachs Group Inc. boosted its stake in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after acquiring an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. grew its holdings in Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. Finally, Amundi grew its holdings in Amazon.com by 15.1% during the 1st 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 period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $233.88 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. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company’s 50 day moving average price is $227.65 and its two-hundred day moving average price is $223.35. The company has a market capitalization of $2.50 trillion, a P/E ratio of 35.65, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.38. The company had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. On average, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the sale, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the transaction, the chief executive officer directly owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. This trade represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 79,734 shares of company stock valued at $18,493,717 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Citizens Jmp increased their price target on Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a research note 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 research note on Friday, October 31st. Telsey Advisory Group boosted their target price on Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Amazon.com in a research note on Tuesday, November 25th. Finally, DA Davidson lifted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $296.05.

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.