Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,201,561 shares of the e-commerce giant’s stock after selling 13,217 shares during the quarter. Amazon.com makes up 4.3% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 5th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Amazon.com were worth $486,743,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after buying an additional 17,447,045 shares during the last quarter. State Street Corp increased its stake in shares of Amazon.com by 1.4% in the 2nd quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock worth $82,073,203,000 after purchasing an additional 5,163,208 shares in the last quarter. Geode Capital Management LLC raised its holdings in Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after purchasing an additional 3,721,658 shares during the period. Norges Bank purchased a new position in Amazon.com during the second quarter valued at $27,438,011,000. Finally, Northern Trust Corp grew its holdings in Amazon.com by 0.3% during the first quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after purchasing an additional 302,858 shares during the period. 72.20% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on AMZN. Rosenblatt Securities reaffirmed a “buy” rating and set a $305.00 price objective on shares of Amazon.com in a research report on Thursday, December 4th. Roth Mkm reaffirmed a “buy” rating and set a $295.00 price target (up previously from $270.00) on shares of Amazon.com in a report on Monday. CICC Research increased their price objective on shares of Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Citizens Jmp restated a “market outperform” rating and set a $300.00 target price on shares of Amazon.com in a research note on Wednesday, December 3rd. Finally, President Capital upped their target price on shares of Amazon.com from $280.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $295.65.
Insiders Place Their Bets
In other news, CEO Matthew S. Garman sold 17,768 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the sale, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at $1,360,613.70. This represents a 73.91% decrease in their position. 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 the firm’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $233.22, for a total transaction of $583,050.00. Following the completion of the transaction, the chief executive officer directly owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. This trade represents a 0.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 79,734 shares of company stock worth $18,534,017. Insiders own 10.80% of the company’s stock.
Amazon.com Stock Up 2.6%
Shares of AMZN stock opened at $244.68 on Wednesday. The company’s fifty day simple moving average is $232.23 and its two-hundred day simple moving average is $229.37. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The stock has a market cap of $2.62 trillion, a P/E ratio of 34.56, a PEG ratio of 1.49 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14.
Amazon.com (NASDAQ:AMZN – Get Free Report) 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. The firm had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.43 earnings per share. Analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.
Key Stories Impacting Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Analysts expect Amazon to beat Q4 estimates, highlighting potential near‑term revenue and operating‑income upside ahead of the February 5 earnings report; that guidance/preview potential supports the rally. Amazon tipped to top fourth quarter estimates as online spending remains stable
- Positive Sentiment: Wall Street buy ratings and reiterated bullish notes (including recent Buy/Buy‑case commentary) underpin investor confidence in AWS growth and an AWS‑driven re‑rating story. Amazon: Buy Rating Backed by Near-Term Earnings Upside and AWS-Driven Re-Rating Potential
- Positive Sentiment: Amazon is exiting its Amazon Fresh and Go formats to convert some locations into Whole Foods and expand same‑day grocery delivery — a pivot that can improve unit economics and focus capital on higher‑margin fulfillment/delivery services. Amazon converting Fresh supermarkets, Go stores to Whole Foods locations
- Neutral Sentiment: The broader Magnificent‑7 earnings cadence and investor attention on AI spending mean Amazon’s near‑term moves will be judged in the context of peers’ results and guidance; that amplifies volatility but doesn’t single out AMZN directionally. Magnificent 7 earnings season kicks off, spotlighting AI bets
- Neutral Sentiment: Microsoft’s launch of the Maia 200 AI accelerator tightens competition among cloud providers on AI inference costs; this is a competitive factor for AWS margins but also validates the strategic importance of custom silicon across hyperscalers. Microsoft’s Maia 200: The Profit Engine AI Needs (AMZN)
- Negative Sentiment: Regulatory/legal headwinds: Amazon agreed to a returns‑policy settlement that will result in substantial refunds/charges to customers (reported as a large settlement and payout), creating a near‑term cash/expense hit and investor concern about compliance costs. Amazon agrees to pay consumers $309M in returns policy settlement
- Negative Sentiment: Cost/layoff headlines and heavy AI capex worries: coverage about potential job cuts and multibillion‑dollar AI spending has kept sentiment mixed, raising questions about near‑term margins even as AWS drives growth. That dynamic can cap gains and increase headline‑driven selling. Amazon Shares Stall as Job Cuts Loom Against $35B AI Spending | AMZN Stock
Amazon.com Profile
Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.
Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.
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