LB Partners LLC Acquires Shares of 8,000 Amazon.com, Inc. $AMZN

LB Partners LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, Holdings Channel reports. The institutional investor acquired 8,000 shares of the e-commerce giant’s stock, valued at approximately $1,755,000. Amazon.com makes up approximately 1.1% of LB Partners LLC’s portfolio, making the stock its 16th largest position.

Several other hedge funds have also recently made changes to their positions in AMZN. Wilson Asset Management International PTY Ltd. bought a new stake in Amazon.com during the 2nd quarter valued at about $11,102,000. Western Wealth Management LLC grew its stake in Amazon.com by 0.9% in the 1st quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock worth $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC increased its position in shares of Amazon.com by 87.7% during the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $514,000. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after purchasing an additional 63,924 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. This represents a 85.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 128,084 shares of company stock worth $29,405,457 in the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on AMZN. Evercore ISI raised their price objective on Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. President Capital raised their price target on Amazon.com from $280.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Wedbush restated an “outperform” rating and issued a $340.00 price objective on shares of Amazon.com in a report on Monday, November 3rd. UBS Group set a $310.00 target price on shares of Amazon.com in a report on Friday, October 31st. Finally, Stifel Nicolaus boosted their price target on shares of Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $294.15.

Amazon.com Stock Performance

Shares of AMZN stock opened at $249.10 on Wednesday. Amazon.com, Inc. has a 12-month low of $161.38 and a 12-month high of $258.60. The business’s fifty day simple moving average is $228.25 and its 200-day simple moving average is $219.87. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.66 trillion, a PE ratio of 37.97, a PEG ratio of 1.52 and a beta of 1.29.

Amazon.com (NASDAQ:AMZN) last issued 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. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. 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 expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.