47,748 Amazon.com, Inc. $AMZN Shares Bought by NorthCrest Asset Manangement LLC

NorthCrest Asset Manangement LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.5% during the 3rd quarter, Holdings Channel reports. The firm owned 321,217 shares of the e-commerce giant’s stock after purchasing an additional 47,748 shares during the quarter. Amazon.com comprises 1.9% of NorthCrest Asset Manangement LLC’s portfolio, making the stock its 9th biggest holding. NorthCrest Asset Manangement LLC’s holdings in Amazon.com were worth $80,499,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. DWR Wealth Management LLC raised its holdings in shares of Amazon.com by 1.6% in the 3rd quarter. DWR Wealth Management LLC now owns 7,754 shares of the e-commerce giant’s stock valued at $1,913,000 after purchasing an additional 121 shares during the period. Haven Capital Group Inc. lifted its stake in Amazon.com by 4.3% in the 3rd quarter. Haven Capital Group Inc. now owns 8,269 shares of the e-commerce giant’s stock valued at $2,060,000 after purchasing an additional 342 shares during the last quarter. Perpetual Ltd grew its holdings in Amazon.com by 75.9% during the third quarter. Perpetual Ltd now owns 459,613 shares of the e-commerce giant’s stock worth $114,513,000 after purchasing an additional 198,262 shares during the period. Vertrix Wealth Management LLC grew its holdings in Amazon.com by 21.2% during the third quarter. Vertrix Wealth Management LLC now owns 21,378 shares of the e-commerce giant’s stock worth $5,326,000 after purchasing an additional 3,744 shares during the period. Finally, JGP Wealth Management LLC grew its holdings in Amazon.com by 3.1% during the third quarter. JGP Wealth Management LLC now owns 23,938 shares of the e-commerce giant’s stock worth $5,964,000 after purchasing an additional 731 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.9%

Shares of AMZN opened at $250.00 on Friday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The firm has a market cap of $2.70 trillion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45. The firm’s 50-day simple moving average is $256.75 and its 200 day simple moving average is $251.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. On average, analysts forecast that Amazon.com, Inc. will post 8.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on AMZN shares. Bank of America boosted their price target on Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Benchmark raised their price objective on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Monness Crespi & Hardt lifted their target price on Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Robert W. Baird set a $310.00 target price on Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $322.53.

More Amazon.com News

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

• Positive Sentiment: AWS remains the central growth and profit driver. Amazon’s cloud business grew at its fastest pace in 18 quarters during the second quarter, and investors will focus closely on whether that momentum continued. Strong AWS growth could support a higher valuation. Amazon earnings outlook
• Positive Sentiment: Analysts continue to view Amazon as a major beneficiary of AI adoption through AWS, custom chips and related products. The company’s AI initiatives could improve future cash flow, while strong holiday e-commerce demand and a growing advertising business provide additional support. Amazon AI cash flow outlook
• Positive Sentiment: Amazon’s acquisition of Bee is expanding its consumer AI strategy. New Bee Frontier and Bee Eclipse devices, along with a paid software tier, give the company new opportunities in hardware, subscriptions and AI-assisted shopping. Amazon Bee AI devices
• Neutral Sentiment: Amazon has scheduled its third-quarter results and conference call for Oct. 29. The report is likely to be the next major catalyst, particularly for AWS growth, capital expenditures, operating margins and management’s AI investment outlook. Amazon earnings announcement
• Negative Sentiment: Broad technology stocks are under pressure as inflation concerns increase expectations for higher interest rates, prompting investors to favor value and dividend-paying sectors. That market-wide rotation is weighing on mega-cap technology names, including AMZN. Technology sector decline
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion AI commitment and rising capital expenditures may pressure near-term free cash flow. Capacity constraints and potentially falling AI-compute pricing add to doubts about the return on that spending.
• Negative Sentiment: Elon Musk’s proposal for an “X Shop” or “Grokazon” introduces a potential long-term competitive risk after Amazon blocked some AI shopping agents. The issue could encourage rivals to challenge Amazon’s position in agent-driven commerce. Potential Amazon rival

Insider Buying and Selling

In other news, CEO Andrew Jassy sold 20,000 shares of the company’s stock in a transaction that occurred 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 owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This 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 stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,580,515 in the last ninety days. 8.90% of the stock is currently owned by company insiders.

About Amazon.com

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.