Amazon.com, Inc. $AMZN Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the third quarter, HoldingsChannel reports. The fund owned 288,642 shares of the e-commerce giant’s stock after selling 9,643 shares during the quarter. Amazon.com accounts for approximately 1.8% of Sigma Planning Corp’s investment portfolio, making the stock its 6th largest holding. Sigma Planning Corp’s holdings in Amazon.com were worth $71,313,000 at the end of the most recent quarter.

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

Amazon.com Price Performance

Shares of AMZN stock opened at $270.87 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The company has a market capitalization of $2.93 trillion, a P/E ratio of 21.90, a P/E/G ratio of 2.03 and a beta of 1.49. The company’s 50-day simple moving average is $254.19 and its two-hundred day simple moving average is $243.93. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The company had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. During the same period last year, the business posted $1.95 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that Amazon.com, Inc. will post 7.80 EPS for the current year.

Key Amazon.com News

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

• Positive Sentiment: AWS growth and backlog support the AI investment case. AWS revenue grew 39.3% in the latest quarter, its fastest pace in nearly five years, while its reported backlog reached $578 billion. That contracted demand may help justify Amazon’s substantial infrastructure investment. Article: Andy Jassy Just Delivered Great News for Amazon Stock Investors
• Positive Sentiment: Anthropic’s planned IPO could highlight the value of Amazon’s stake and cloud relationship. Reports describe Amazon as a major investor and cloud provider to Anthropic; the proposed offering could put a substantial valuation on its stake, while Anthropic’s infrastructure commitments could also generate AWS business. Any stake valuation remains a paper estimate until shares trade. Article: Amazon and Google Will See Big Paydays from Anthropic IPO
• Positive Sentiment: UK approval expands Amazon’s drone-delivery opportunity. Regulatory clearance allows Amazon to extend eligible deliveries in Darlington to about 8,000 customers, providing a potential route to faster service and more efficient fulfillment. Article: UK aviation regulator clears Amazon for expanded drone delivery
• Neutral Sentiment: Ring’s new home-security devices and Amazon’s holiday promotions add product and seasonal-sales visibility, but their financial contribution is not yet clear. Article: Amazon’s Ring launches flying camera, autonomous security robot
• Negative Sentiment: AI infrastructure spending remains a key risk. Amazon’s large capital-spending plans could pressure cash flow if cloud and AI demand do not translate into returns quickly enough; data-center power, permitting and cost concerns add uncertainty. Article: Amazon Faces a $1.2 Trillion AI Spending Question
• Negative Sentiment: Amazon agreed to pay $3 million to Arizona Prime members to resolve allegations related to its subscription-cancellation process, a modest financial cost but a potential reputational and regulatory concern. Article: Amazon agrees to pay $3M to Arizona Prime members

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. Zacks Research cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Citizens Jmp decreased their price target on Amazon.com from $315.00 to $275.00 and set a “market outperform” rating for the company in a research note on Friday, October 30th. KeyCorp set a $345.00 price objective on Amazon.com and gave the company an “overweight” rating in a report on Friday, October 30th. Truist Financial set a $390.00 price objective on Amazon.com in a research report on Friday, October 30th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $330.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares of the company’s stock, valued at $123,465,145.81. The trade was a 1.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This trade represents a 0.89% 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 have sold 71,589 shares of company stock valued at $18,545,595 over the last 90 days. 8.90% of the stock is owned by insiders.

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.