Copia Wealth Management Reduces Stake in Amazon.com, Inc. $AMZN

Copia Wealth Management reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,105 shares of the e-commerce giant’s stock after selling 570 shares during the quarter. Copia Wealth Management’s holdings in Amazon.com were worth $1,120,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AMZN. Carderock Capital Management Inc. bought a new stake in shares of Amazon.com in the 2nd quarter worth about $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 1st quarter worth about $36,000. Inlight Wealth Management LLC bought a new stake in Amazon.com in the first quarter worth about $40,000. Maryland Capital Advisors Inc. lifted its stake in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. purchased a new position in shares of Amazon.com during the first quarter valued at approximately $42,000. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $255.44, for a total transaction of $638,600.00. Following the completion of the transaction, the chief executive officer directly owned 491,007 shares in the company, valued at $125,422,828.08. This represents a 0.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 128,084 shares of company stock worth $29,405,457. Insiders own 9.70% of the company’s stock.

Amazon.com Trading Down 2.9%

AMZN opened at $243.04 on Friday. The firm has a market cap of $2.60 trillion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.52 and a beta of 1.29. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The stock has a fifty day moving average price of $227.08 and a 200-day moving average price of $217.89.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on AMZN. BMO Capital Markets reissued an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a research note on Friday, October 31st. Benchmark boosted their target price on shares of Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. BNP Paribas Exane lifted their price target on shares of Amazon.com from $264.00 to $289.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Raymond James Financial boosted their price target on Amazon.com from $230.00 to $275.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $293.17.

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.