3,451 Amazon.com, Inc. $AMZN Shares Acquired by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 38.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,461 shares of the e-commerce giant’s stock after purchasing an additional 3,451 shares during the quarter. Amazon.com accounts for 1.0% of Sage Private Wealth Group LLC’s investment portfolio, making the stock its 23rd largest holding. Sage Private Wealth Group LLC’s holdings in Amazon.com were worth $3,105,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Bank of America Corp DE acquired a new position in Amazon.com during the second quarter worth $22,218,775,000. Bank of New York Mellon Corp acquired a new position in shares of Amazon.com during the second quarter valued at about $16,341,405,000. Legal & General Group Plc acquired a new position in shares of Amazon.com during the second quarter valued at about $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Amazon.com during the second quarter worth about $6,631,466,000. Finally, Jupiter Topco LLC bought a new stake in shares of Amazon.com during the second quarter worth about $5,910,083,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 6.2%

Shares of AMZN stock opened at $266.31 on Thursday. 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 company has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 21.53, a PEG ratio of 1.90 and a beta of 1.49. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a 50-day simple moving average of $253.90 and a two-hundred day simple moving average of $243.32.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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 analysts’ expectations of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.95 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Needham & Company LLC reissued a “buy” rating and set a $300.00 price objective on shares of Amazon.com in a report on Friday, July 31st. The Goldman Sachs Group reissued a “conviction-buy” rating and issued a $370.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Robert W. Baird set a $310.00 target price on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Wolfe Research restated an “outperform” rating and issued a $315.00 target price on shares of Amazon.com in a report on Friday, July 31st. 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. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Activity

In other news, CEO Andrew Jassy sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is owned by insiders.

Key Headlines Impacting Amazon.com

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS growth and demand are driving optimism. AWS revenue grew nearly 40% in the latest quarter, while its $578 billion backlog points to substantial future demand. Management expects AWS growth above 40% in 2027 and 2028, helping bolster the long-term AI and cloud outlook. Article: Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
• Positive Sentiment: Market conditions favored large technology companies. A post-election rally lifted Big Tech, with investors appearing less concerned that potential data-center restrictions would derail the largest cloud providers’ expansion plans. A reported cloud-capacity shortage may also give Amazon and peers room to raise prices. Article: Microsoft and Amazon combine for a $400 billion market-cap boost
• Positive Sentiment: Amazon is expanding Alexa shopping access. A new merchant workspace lets eligible sellers connect their stores to Alexa for Shopping and Amazon’s online properties, potentially broadening product selection and shopping engagement. Article: Amazon Offers Merchants New Connection to Alexa for Shopping
• Neutral Sentiment: Worldwide Amazon Stores CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan, a small portion of his remaining holdings; the planned transaction is not necessarily a signal about the company’s outlook. SEC filing
• Negative Sentiment: AI investment is weighing on cash generation. Amazon’s roughly $220 billion spending plan is contributing to negative free cash flow, leaving investors focused on when infrastructure spending will produce returns. AI shopping agents could also challenge the advertising revenue and customer-data model used by Amazon and other retailers. Article: AI shopping agents could threaten Amazon and Walmart’s ad business

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.