Colony Family Offices LLC Sells 2,035 Shares of Amazon.com, Inc. $AMZN

Colony Family Offices LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 29.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,810 shares of the e-commerce giant’s stock after selling 2,035 shares during the quarter. Colony Family Offices LLC’s holdings in Amazon.com were worth $1,198,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. TOP Private Wealth LLC. acquired a new stake in Amazon.com in the 2nd quarter worth about $29,000. Bard Associates Inc. bought a new position in Amazon.com in the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Amazon.com in the second quarter valued at about $33,000. Atomic Invest LLC lifted its position in shares of Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock valued at $40,000 after acquiring an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC acquired a new position in Amazon.com in the second quarter valued at $68,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com News Summary

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

Analysts Set New Price Targets

AMZN has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a research report on Friday, October 30th. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a research report on Friday, October 30th. Mizuho raised their price target on Amazon.com from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Amazon.com in a report on Tuesday, October 20th. Two investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the 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 transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 the business’s stock in a transaction 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 transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $10,699,926.30. This trade represents 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. Insiders sold a total of 71,589 shares of company stock valued at $18,545,595 in the last three months. 8.90% of the stock is currently owned by insiders.

Amazon.com Stock Performance

AMZN opened at $259.30 on Friday. The stock has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.86 and a beta of 1.49. The company has a fifty day moving average of $253.96 and a 200 day moving average of $243.57. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.08). The firm had revenue of $201.94 billion during the quarter, compared to analyst estimates 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 for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal 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.