Private Wealth Partners LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 266,875 shares of the e-commerce giant’s stock after purchasing an additional 2,624 shares during the period. Amazon.com accounts for about 4.5% of Private Wealth Partners LLC’s holdings, making the stock its 5th biggest holding. Private Wealth Partners LLC’s holdings in Amazon.com were worth $66,492,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Patrick M Sweeney & Associates Inc. boosted its holdings in shares of Amazon.com by 0.5% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 12,638 shares of the e-commerce giant’s stock valued at $3,149,000 after acquiring an additional 67 shares during the period. Andrew Hill Investment Advisors Inc. increased its holdings in shares of Amazon.com by 65.4% in the 3rd quarter. Andrew Hill Investment Advisors Inc. now owns 4,682 shares of the e-commerce giant’s stock valued at $1,167,000 after acquiring an additional 1,851 shares during the period. MBL Wealth LLC increased its holdings in shares of Amazon.com by 13.4% in the 3rd quarter. MBL Wealth LLC now owns 37,979 shares of the e-commerce giant’s stock valued at $9,462,000 after acquiring an additional 4,478 shares during the period. Darrow Company Inc. raised its position in Amazon.com by 1.7% in the 3rd quarter. Darrow Company Inc. now owns 4,717 shares of the e-commerce giant’s stock valued at $1,175,000 after purchasing an additional 80 shares during the last quarter. Finally, Demars Financial Group LLC raised its position in Amazon.com by 2.9% in the 3rd quarter. Demars Financial Group LLC now owns 13,758 shares of the e-commerce giant’s stock valued at $3,428,000 after purchasing an additional 387 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Amazon.com
In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts have issued reports on AMZN shares. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Oppenheimer reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, July 31st. Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a research note on Friday, October 30th. The Goldman Sachs Group reiterated a “conviction-buy” rating and set a $370.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Finally, Morgan Stanley lowered their price target on Amazon.com from $350.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $321.74.
Check Out Our Latest Stock Report on Amazon.com
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon’s CEO Andy Jassy Just Announced Huge News for Amazon Investors
- Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I’d Buy Right Now
- Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
- Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
- Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs
Amazon.com Stock Performance
Shares of AMZN opened at $259.30 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. The stock has a market capitalization of $2.80 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.97 and a beta of 1.49. The company’s fifty day moving average is $253.96 and its two-hundred day moving average is $243.57. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 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 for the quarter, compared to analysts’ expectations of $202.22 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current year.
Amazon.com Profile
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.
Featured Articles
- Five stocks we like better than Amazon.com
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
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).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
