Coronation Fund Managers Ltd. Buys 67,892 Shares of Amazon.com, Inc. $AMZN

Coronation Fund Managers Ltd. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 27.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 315,055 shares of the e-commerce giant’s stock after purchasing an additional 67,892 shares during the quarter. Amazon.com comprises about 3.7% of Coronation Fund Managers Ltd.’s investment portfolio, making the stock its 7th largest holding. Coronation Fund Managers Ltd.’s holdings in Amazon.com were worth $69,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Barlow Wealth Partners Inc. raised its holdings in Amazon.com by 0.4% in the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after purchasing an additional 44 shares during the period. Ridgecrest Wealth Partners LLC raised its stake in Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares during the period. Probity Advisors Inc. lifted its holdings in Amazon.com by 0.4% during the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after acquiring an additional 45 shares in the last quarter. Bare Financial Services Inc grew its stake in Amazon.com by 5.4% in the first quarter. Bare Financial Services Inc now owns 930 shares of the e-commerce giant’s stock valued at $177,000 after acquiring an additional 48 shares during the period. Finally, Heritage Oak Wealth Advisors LLC grew its stake in Amazon.com by 1.2% in the second quarter. Heritage Oak Wealth Advisors LLC now owns 3,927 shares of the e-commerce giant’s stock valued at $862,000 after acquiring an additional 48 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN opened at $237.58 on Friday. The business’s 50-day simple moving average is $228.65 and its 200 day simple moving average is $220.16. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market capitalization of $2.54 trillion, a PE ratio of 36.22, a PEG ratio of 1.52 and a beta of 1.29.

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

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research analyst reports. Oppenheimer raised their price target on Amazon.com from $245.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. President Capital raised their target price on shares of Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Sanford C. Bernstein set a $300.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, October 31st. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Monday, October 20th. Finally, Citizens Jmp boosted their price objective on shares of Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $294.15.

Insider Activity

In other news, Director Jonathan Rubinstein sold 8,173 shares of the company’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $2,043,495.19. Following the sale, the director directly owned 80,030 shares of the company’s stock, valued at approximately $20,009,900.90. This represents a 9.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 123,300 shares of company stock valued at $28,294,038. 9.70% of the stock is owned by corporate insiders.

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.