Mid American Wealth Advisory Group Inc. Raises Holdings in Amazon.com, Inc. $AMZN

Mid American Wealth Advisory Group Inc. raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 34.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,052 shares of the e-commerce giant’s stock after acquiring an additional 1,040 shares during the period. Mid American Wealth Advisory Group Inc.’s holdings in Amazon.com were worth $889,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC lifted its position in Amazon.com by 542,733.6% during the second 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 buying an additional 132,616,953 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Amazon.com in the first quarter worth $11,674,091,000. Goldman Sachs Group Inc. raised its stake in shares of Amazon.com by 21.3% in the 1st 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 period. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. Finally, Amundi boosted its position 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 purchasing an additional 7,267,277 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Down 2.0%

NASDAQ AMZN opened at $244.20 on Thursday. The company has a market capitalization of $2.61 trillion, a price-to-earnings ratio of 37.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The company’s fifty day moving average price is $228.61 and its two-hundred day moving average price is $220.04.

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, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the prior year, the business posted $1.43 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. As a group, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 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 transaction of $2,043,495.19. Following the sale, the director owned 80,030 shares in the company, valued at $20,009,900.90. This represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the transaction, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 128,084 shares of company stock valued at $29,405,457 over the last 90 days. Corporate insiders own 9.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMZN shares. Sanford C. Bernstein set a $300.00 price objective on Amazon.com and gave the company an “outperform” rating in a research report 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. China Renaissance raised their target price on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Barclays restated an “overweight” rating and issued a $300.00 price target (up previously from $275.00) on shares of Amazon.com in a report on Friday, October 31st. Finally, Telsey Advisory Group lifted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research note 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 company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $294.15.

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.