MBL Wealth LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 13.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,979 shares of the e-commerce giant’s stock after acquiring an additional 4,478 shares during the quarter. MBL Wealth LLC’s holdings in Amazon.com were worth $9,462,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Silvant Capital Management LLC purchased a new stake in shares of Amazon.com in the second quarter worth about $60,065,000. Public Employees Retirement System of Ohio purchased a new position in Amazon.com during the second quarter valued at approximately $909,868,000. Northstar Financial Companies Inc. purchased a new position in Amazon.com during the second quarter valued at approximately $3,376,000. Gryphon Financial Partners LLC raised its position in Amazon.com by 7.5% during the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after acquiring an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in Amazon.com by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock valued at $63,285,000 after acquiring an additional 5,104 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insiders Place Their Bets
In related news, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. This 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. 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 quarter, insiders have sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is owned by company insiders.
Key Amazon.com News
- 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
Amazon.com Price Performance
Shares of NASDAQ:AMZN traded down $0.91 during midday trading on Friday, reaching $259.30. 42,467,151 shares of the company’s stock traded hands, compared to its average volume of 42,636,872. The company has a fifty day simple moving average of $253.96 and a two-hundred day simple moving average of $243.57. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a market cap of $2.80 trillion, a P/E ratio of 20.96, a PEG ratio of 1.86 and a beta of 1.49. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.08). The company had revenue of $201.94 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.95 EPS. Equities analysts predict that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. Roth Capital restated a “buy” rating and issued a $325.00 price objective on shares of Amazon.com in a research report on Monday, August 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $330.00 target price on shares of Amazon.com in a report on Friday, October 30th. Tigress Financial reiterated a “buy” rating and issued a $385.00 target price (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Amazon.com in a report on Friday, October 30th. Finally, Rosenblatt Securities restated a “buy” rating and set a $360.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $321.74.
Get Our Latest Research Report on AMZN
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.
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