William Allan Corp Purchases 1,867 Shares of Amazon.com, Inc. $AMZN
William Allan Corp increased its stake in Amazon.com by 7.2% in Q2, purchasing 1,867 additional shares, totaling 27,652 shares valued at $6,067,000. This makes Amazon 3.5% of their portfolio, the 9th largest position. Other hedge funds also adjusted their Amazon holdings, with institutional investors owning 72.20% of the stock. Insider sales and analyst ratings were also noted, with a moderate buy consensus and a target price of $294.70.
William Allan Corp grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,652 shares of the e-commerce giant's stock after purchasing an additional 1,867 shares during the quarter. Amazon.com makes up about 3.5% of William Allan Corp's portfolio, making the stock its 9th largest position. William Allan Corp's holdings in Amazon.com were worth $6,067,000 at the end of the most recent reporting period.
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A number of other hedge funds have also bought and sold shares of AMZN. Kingstone Capital Partners Texas LLC lifted its stake in shares of Amazon.com by 542,733.6% in the 2nd 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 purchasing an additional 132,616,953 shares during the period. Nuveen LLC acquired a new position in Amazon.com in the first quarter valued at approximately $11,674,091,000. Goldman Sachs Group Inc. boosted its holdings in shares of Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after buying an additional 10,176,835 shares in the last quarter. Vanguard Group Inc. boosted 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 worth $158,348,557,000 after buying an additional 8,913,959 shares in the last quarter. Finally, Amundi grew its position in shares of 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 buying an additional 7,267,277 shares during the period. Institutional investors own 72.20% of the company's stock.
Insiders Place Their Bets
In related news, Director Keith Brian Alexander sold 900 shares of the business's stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $233.00, for a total transaction of $209,700.00. Following the transaction, the director directly owned 7,170 shares in the company, valued at approximately $1,670,610. The trade was a 11.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 8,173 shares of the company's stock in a transaction dated 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 completion of the sale, the director directly owned 80,030 shares of the company's stock, valued at $20,009,900.90. The trade was a 9.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 43,357 shares of company stock valued at $10,607,215 in the last three months. 9.70% of the stock is currently owned by insiders.
Analyst Ratings Changes
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A number of research analysts recently issued reports on the stock. Susquehanna set a $300.00 target price on shares of Amazon.com and gave the company a "positive" rating in a research report on Friday, October 31st. Rothschild & Co Redburn reaffirmed a "neutral" rating and issued a $250.00 price target on shares of Amazon.com in a research note on Tuesday. Robert W. Baird set a $285.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Friday, October 31st. Morgan Stanley reaffirmed an "overweight" rating and issued a $315.00 target price (up from $300.00) on shares of Amazon.com in a research report on Friday, October 31st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $265.00 price target on shares of Amazon.com in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $294.70.
Read Our Latest Report on AMZN
Amazon.com Stock Performance
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Shares of Amazon.com stock opened at $220.69 on Friday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $227.77 and a 200-day moving average price of $221.72. The company has a market cap of $2.36 trillion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.
Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The company 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%.Amazon.com's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
About Amazon.com
(Free Report)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.
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Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
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