Towercrest Capital Management Boosts Position in Amazon.com, Inc. $AMZN

Towercrest Capital Management raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,604 shares of the e-commerce giant’s stock after acquiring an additional 300 shares during the quarter. Towercrest Capital Management’s holdings in Amazon.com were worth $1,010,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com during the 2nd quarter valued at $27,000. Maryland Capital Advisors Inc. grew 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 purchasing an additional 95 shares during the period. Ryan Investment Management Inc. bought a new stake in Amazon.com during the second quarter valued at about $48,000. MJT & Associates Financial Advisory Group Inc. purchased a new stake in Amazon.com in the first quarter worth about $59,000. Finally, Access Investment Management LLC bought a new position in shares of Amazon.com in the second quarter worth about $74,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Up 1.8%

Shares of AMZN stock opened at $233.30 on Monday. The company’s fifty day simple moving average is $227.52 and its two-hundred day simple moving average is $223.14. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The stock has a market cap of $2.49 trillion, a P/E ratio of 35.56, a PEG ratio of 1.52 and a beta of 1.29. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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 firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Piper Sandler reiterated a “negative” rating on shares of Amazon.com in a research note on Friday, October 31st. KeyCorp upped their price target on shares of Amazon.com from $300.00 to $303.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Royal Bank Of Canada reissued an “outperform” rating on shares of Amazon.com in a research note on Friday, October 31st. DZ Bank restated a “buy” rating on shares of Amazon.com in a research note on Friday, October 31st. Finally, Robert W. Baird set a $285.00 target price on shares of Amazon.com and gave the stock an “outperform” 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $295.78.

Insider Buying and Selling at Amazon.com

In other news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $233.00, for a total transaction of $209,700.00. Following the completion of the transaction, the director directly owned 7,170 shares in the company, valued at approximately $1,670,610. This represents a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 4,784 shares of the business’s stock in a transaction on 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 owned 498,182 shares in the company, valued at $115,931,933.22. This represents a 0.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 82,234 shares of company stock worth $19,052,442. Company insiders own 9.70% of the company’s stock.

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.