6,483 Amazon.com, Inc. $AMZN Shares Acquired by Victory Financial Group LLC

Victory Financial Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,849 shares of the e-commerce giant’s stock after acquiring an additional 6,483 shares during the period. Amazon.com comprises approximately 0.8% of Victory Financial Group LLC’s holdings, making the stock its 22nd largest holding. Victory Financial Group LLC’s holdings in Amazon.com were worth $8,932,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. State Street Corp increased its stake in shares of Amazon.com by 5.5% in the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after buying an additional 21,398,025 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Amazon.com in the second quarter valued at about $22,218,775,000. Bank of New York Mellon Corp bought a new position in shares of Amazon.com in the second quarter valued at about $16,341,405,000. Amundi lifted its position 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 buying an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Amazon.com during the 2nd quarter worth about $12,831,376,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on AMZN. Guggenheim restated a “buy” rating and issued a $320.00 price objective on shares of Amazon.com in a research report on Friday, October 30th. HSBC reiterated a “buy” rating and set a $310.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Pivotal Research reissued a “buy” rating and set a $333.00 price target (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Barclays reissued an “overweight” rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Tigress Financial restated a “buy” rating and issued a $385.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Recent Amazon.com Headlines

These are some of the AMZN headlines that stood out recently:

• Positive Sentiment: Amazon remains an AI and cloud growth story: a recent investor article cited AWS revenue growth of 39% and projected growth above 40% in 2027 and 2028. Continued cloud momentum may support the investment case. The Motley Fool article
• Negative Sentiment: Amazon’s European unit and managers could face a criminal trial in Italy over alleged unpaid import VAT and customs duties on third-party cross-border sales. A trial could bring legal costs, penalties, or reputational risk; the allegations have not been resolved. Yahoo Finance article
• Negative Sentiment: United Airlines’ CEO reportedly criticized Amazon Leo as a mistake while praising Starlink’s competitive position, highlighting execution and competition risks for Amazon’s satellite initiative. Benzinga article

Amazon.com Trading Down 0.3%

AMZN stock traded down $0.78 during midday trading on Friday, reaching $266.66. The company’s stock had a trading volume of 31,035,709 shares, compared to its average volume of 50,501,436. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The stock has a market cap of $2.88 trillion, a PE ratio of 21.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $254.82 and its 200-day simple moving average is $244.32.

Amazon.com (NASDAQ:AMZN) last released its earnings results 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). The business had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. Amazon.com’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.95 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 7.80 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Andrew Jassy sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This trade represents a 44.97% 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. Insiders sold 71,589 shares of company stock worth $18,545,595 over the last three months. Insiders own 8.90% of the company’s stock.

Amazon.com Company 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.