Amazon.com, Inc. $AMZN is Great Lakes Retirement Inc.’s 7th Largest Position

Great Lakes Retirement Inc. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,840 shares of the e-commerce giant’s stock after purchasing an additional 1,498 shares during the period. Amazon.com makes up approximately 3.1% of Great Lakes Retirement Inc.’s portfolio, making the stock its 7th biggest holding. Great Lakes Retirement Inc.’s holdings in Amazon.com were worth $25,853,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AMZN. Leeward Financial Partners LLC increased its holdings in shares of Amazon.com by 8.8% during the 2nd quarter. Leeward Financial Partners LLC now owns 52,923 shares of the e-commerce giant’s stock worth $11,611,000 after buying an additional 4,284 shares during the last quarter. AlphaStar Capital Management LLC purchased a new stake in Amazon.com during the second quarter valued at about $9,792,000. 4WEALTH Advisors Inc. increased its stake in Amazon.com by 9.6% during the second quarter. 4WEALTH Advisors Inc. now owns 6,843 shares of the e-commerce giant’s stock worth $1,501,000 after acquiring an additional 601 shares during the last quarter. Bridgewealth Advisory Group LLC acquired a new stake in Amazon.com during the second quarter worth about $1,137,000. Finally, 4J Wealth Management LLC raised its holdings in shares of Amazon.com by 1.3% in the 2nd quarter. 4J Wealth Management LLC now owns 13,222 shares of the e-commerce giant’s stock worth $2,901,000 after purchasing an additional 175 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. Wells Fargo & Company increased their target price 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. Raymond James Financial increased their price objective on shares of Amazon.com from $230.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Cantor Fitzgerald boosted their price objective on Amazon.com from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. Truist Financial set a $290.00 target price on Amazon.com in a research note on Friday, October 31st. Finally, New Street Research boosted their price target on Amazon.com from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $295.78.

Amazon.com Price Performance

AMZN stock opened at $229.16 on Thursday. The stock’s 50 day moving average is $227.53 and its two-hundred day moving average is $222.76. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a market capitalization of $2.45 trillion, a PE ratio of 34.93, a P/E/G 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 released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business 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 business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $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 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 900 shares of Amazon.com stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $233.00, for a total value 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 trade represents a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director directly owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 82,234 shares of company stock worth $19,052,442. 9.70% of the stock is currently owned by insiders.

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.