Chevy Chase Trust Holdings LLC Acquires 33,294 Shares of Amazon.com, Inc. $AMZN

Chevy Chase Trust Holdings LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,156,654 shares of the e-commerce giant’s stock after purchasing an additional 33,294 shares during the period. Amazon.com makes up about 3.9% of Chevy Chase Trust Holdings LLC’s portfolio, making the stock its 4th biggest position. Chevy Chase Trust Holdings LLC owned about 0.06% of Amazon.com worth $1,350,708,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kingstone Capital Partners Texas LLC boosted 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 in the last quarter. Nuveen LLC acquired a new position in Amazon.com during the 1st quarter worth approximately $11,674,091,000. Goldman Sachs Group Inc. lifted its stake in 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 purchasing an additional 10,176,835 shares during the last quarter. Vanguard Group Inc. lifted its stake in Amazon.com by 1.1% in 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 purchasing an additional 8,913,959 shares during the last quarter. Finally, Amundi boosted its position in Amazon.com by 15.1% in the first quarter. Amundi now owns 55,337,037 shares of the e-commerce giant’s stock valued at $9,884,098,000 after buying an additional 7,267,277 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $244.41 on Friday. 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 firm’s fifty day simple moving average is $227.39 and its two-hundred day simple moving average is $218.75. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The stock has a market capitalization of $2.61 trillion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. CIBC increased their target price on Amazon.com to $315.00 in a research report on Monday, October 20th. JPMorgan Chase & Co. boosted their price target on Amazon.com from $265.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Citizens Jmp upped their price objective on Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a research note on Friday, October 31st. Finally, Scotiabank lifted their target price on shares of Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus target price of $293.17.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 22,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was 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 of the company’s stock, valued at $123,391,555.21. This trade represents a 4.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 128,084 shares of company stock worth $29,405,457 in the last 90 days. Company insiders own 9.70% of the company’s stock.

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.