3,856 Amazon.com, Inc. $AMZN Shares Purchased by Westover Capital Advisors LLC

Westover Capital Advisors LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.1% during the third quarter, Holdings Channel reports. The firm owned 79,362 shares of the e-commerce giant’s stock after purchasing an additional 3,856 shares during the period. Amazon.com makes up approximately 3.2% of Westover Capital Advisors LLC’s portfolio, making the stock its 5th largest position. Westover Capital Advisors LLC’s holdings in Amazon.com were worth $19,773,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. State Street Corp lifted its stake in Amazon.com by 5.5% during the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after acquiring an additional 21,398,025 shares in the last quarter. Bank of America Corp DE purchased a new position in Amazon.com during the 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp purchased a new position in Amazon.com during the 2nd quarter worth $16,341,405,000. Amundi boosted its holdings in Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Amazon.com in the 2nd quarter worth $12,831,376,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $266.17 on Thursday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $254.41 and its 200 day simple moving average is $244.06. The company has a market cap of $2.88 trillion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.06 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm had revenue of $201.94 billion during the quarter, compared to analysts’ expectations of $202.22 billion. During the same period in the prior year, the business earned $1.95 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wedbush lowered their target price on shares of Amazon.com from $310.00 to $298.00 and set an “outperform” rating for the company in a report on Friday, October 30th. HSBC restated a “buy” rating and set a $310.00 price target on shares of Amazon.com in a report on Friday, July 31st. Truist Financial set a $390.00 price objective on shares of Amazon.com in a research report on Friday, October 30th. Morgan Stanley decreased their price objective on shares of Amazon.com from $350.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a research note on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Check Out Our Latest Stock Report on Amazon.com

Insider Activity

In related news, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the sale, the chief financial officer owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. This trade represents a 5.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is owned by company insiders.

More Amazon.com News

These are some of the AMZN news items that stood out recently:

  • Positive Sentiment: AWS growth and backlog support the investment case. AWS grew 39.3% in the latest quarter, its fastest pace in nearly five years, and has a reported $578 billion backlog. That demand could help justify Amazon’s major AI infrastructure buildout. AWS growth and backlog article
  • Neutral Sentiment: AWS expansion offers future capacity but requires substantial investment. Amazon’s planned Chile data centers add to its infrastructure footprint, though investors are weighing that opportunity against the cost of building out capacity. AWS Chile data center article
  • Negative Sentiment: AI spending is pressuring free cash flow. Amazon expects approximately $220 billion in 2026 capital expenditures, and its AI buildout has pushed free cash flow into negative territory. Investors may remain cautious until spending translates into returns. AI capital expenditures article

About Amazon.com

(Free Report)

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.

See Also

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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