Andrew Hill Investment Advisors Inc. Grows Stake in Amazon.com, Inc. $AMZN
Andrew Hill Investment Advisors Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 31.6% in Q2, owning 11,852 shares valued at $2.6 million. Other institutional investors also raised their positions, with 72.20% of the stock held by hedge funds. Amazon's stock opened at $218.15, with a market cap of $2.33 trillion. The company reported $1.68 EPS for Q2, exceeding estimates, and revenue of $167.70 billion. Analysts have set a consensus price target of $264.04, with a majority rating the stock as "Buy."
Andrew Hill Investment Advisors Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 31.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,852 shares of the e-commerce giant's stock after buying an additional 2,845 shares during the period. Amazon.com makes up about 2.1% of Andrew Hill Investment Advisors Inc.'s investment portfolio, making the stock its 22nd biggest position. Andrew Hill Investment Advisors Inc.'s holdings in Amazon.com were worth $2,600,000 at the end of the most recent reporting period.
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A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Nuveen LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $11,674,091,000. GAMMA Investing LLC lifted its position in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Amazon.com by 21.3% during the first 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 purchasing an additional 10,176,835 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Amazon.com during the fourth quarter valued at $2,037,963,000. Finally, Vanguard Group Inc. lifted its position in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com Price Performance
Shares of Amazon.com stock opened at $218.15 on Friday. The stock's 50-day simple moving average is $227.57 and its 200-day simple moving average is $210.00. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 33.25, a PEG ratio of 1.47 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.
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Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
AMZN has been the topic of several analyst reports. Scotiabank lifted their target price on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research report on Tuesday, July 22nd. Citigroup reiterated an "overweight" rating on shares of Amazon.com in a research report on Wednesday, August 13th. Susquehanna lifted their target price on Amazon.com from $225.00 to $260.00 and gave the company a "positive" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Finally, Moffett Nathanson lifted their target price on Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Amazon.com has an average rating of "Buy" and a consensus price target of $264.04.
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Check Out Our Latest Analysis on AMZN
Insider Buying and Selling
In related news, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,997,911 shares of company stock valued at $4,989,630,574 in the last ninety days. Company insiders own 9.70% of the company's stock.
Amazon.com Profile
(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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