McGuire Investment Group LLC Acquires 10,687 Shares of Amazon.com, Inc. $AMZN

McGuire Investment Group LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 16.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,069 shares of the e-commerce giant’s stock after purchasing an additional 10,687 shares during the period. Amazon.com makes up about 1.7% of McGuire Investment Group LLC’s holdings, making the stock its 16th biggest position. McGuire Investment Group LLC’s holdings in Amazon.com were worth $18,454,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Silvant Capital Management LLC bought a new stake in shares of Amazon.com during the second quarter worth about $60,065,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Amazon.com in the 2nd quarter worth about $909,868,000. Northstar Financial Companies Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter worth about $3,376,000. Gryphon Financial Partners LLC raised its holdings in shares of Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after acquiring an additional 5,125 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its position in Amazon.com by 1.7% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMZN shares. Benchmark lifted their price target on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. HSBC reissued a “buy” rating and issued a $310.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Phillip Securities upgraded Amazon.com from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, November 2nd. 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, Guggenheim reaffirmed a “buy” rating and set a $320.00 target price 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 given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $321.74.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction 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 sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction 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 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 represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is owned by insiders.

Amazon.com Stock Up 2.9%

Amazon.com stock opened at $266.93 on Tuesday. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock has a market cap of $2.89 trillion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49. The firm’s 50-day simple moving average is $253.97 and its 200 day simple moving average is $243.74. 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 issued its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The firm 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 company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 earnings per share. Research analysts predict that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
• Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What’s Going On With Amazon Stock Monday?
• Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
• Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon’s Astro home robot has fans but looks destined for the ‘trash heap.’ Why it’s trying again
• Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.

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.