3,625 Amazon.com, Inc. $AMZN Shares Sold by One Wealth Capital Management LLC

One Wealth Capital Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,562 shares of the e-commerce giant’s stock after selling 3,625 shares during the quarter. Amazon.com comprises approximately 1.8% of One Wealth Capital Management LLC’s portfolio, making the stock its 13th largest holding. One Wealth Capital Management LLC’s holdings in Amazon.com were worth $4,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Amazon.com by 5.5% during the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after acquiring an additional 21,398,025 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Amazon.com during the second quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp purchased a new position in shares of Amazon.com during the second quarter valued at approximately $16,341,405,000. Amundi lifted its position in Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after purchasing an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc bought a new position in Amazon.com during the second quarter valued at approximately $12,831,376,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 9,258 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of Amazon.com stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total value of $243,470.00. Following the transaction, the chief executive officer owned 473,681 shares in the company, valued at $115,327,113.07. This trade represents a 0.21% decrease in their ownership of the stock. 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 sold a total of 71,589 shares of company stock worth $18,545,595 over the last three months. 8.90% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $259.30 on Monday. The firm has a 50 day moving average of $253.96 and a 200 day moving average of $243.57. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). The business had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.95 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the topic of several research reports. Benchmark raised their target price on shares of Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Amazon.com in a report on Friday, October 30th. Roth Capital reissued a “buy” rating and set a $325.00 price target on shares of Amazon.com in a report on Monday, August 3rd. Rosenblatt Securities restated a “buy” rating and issued a $360.00 price target on shares of Amazon.com in a research note on Friday, October 30th. Finally, Scotiabank cut their price objective on Amazon.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a report on Friday, October 30th. 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 stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

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

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.