WT Wealth Management Sells 5,666 Shares of Amazon.com, Inc. $AMZN

WT Wealth Management cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,771 shares of the e-commerce giant’s stock after selling 5,666 shares during the quarter. Amazon.com makes up about 2.5% of WT Wealth Management’s investment portfolio, making the stock its 11th largest position. WT Wealth Management’s holdings in Amazon.com were worth $8,513,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Trust Co. of Oklahoma increased its stake in Amazon.com by 0.7% in the 3rd quarter. Trust Co. of Oklahoma now owns 28,373 shares of the e-commerce giant’s stock worth $6,230,000 after purchasing an additional 207 shares during the period. Constellation Investimentos e Participacoes Ltda purchased a new stake in Amazon.com in the third quarter worth $334,000. InTrack Investment Management Inc increased its stake in shares of Amazon.com by 19.3% in the 3rd quarter. InTrack Investment Management Inc now owns 14,082 shares of the e-commerce giant’s stock worth $3,092,000 after acquiring an additional 2,282 shares in the last quarter. Alpine Bank Wealth Management grew its holdings in Amazon.com by 0.9% in the third quarter. Alpine Bank Wealth Management now owns 11,284 shares of the e-commerce giant’s stock worth $2,478,000 after purchasing an additional 101 shares during the period. Finally, Gateway Investment Advisers LLC lifted its holdings in shares of Amazon.com by 7.9% during the third quarter. Gateway Investment Advisers LLC now owns 1,938,348 shares of the e-commerce giant’s stock valued at $425,603,000 after purchasing an additional 141,677 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 0.4%

NASDAQ AMZN opened at $239.12 on Friday. The stock has a 50 day moving average price of $232.46 and a 200-day moving average price of $228.55. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The company has a market capitalization of $2.56 trillion, a P/E ratio of 33.77, a P/E/G ratio of 1.49 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same quarter last year, the business earned $1.43 earnings per share. Amazon.com’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

More Amazon.com News

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

• Positive Sentiment: AWS launches a Europe-only “sovereign cloud,” helping Amazon win government and regulated enterprise business in the EU — a revenue and margin tailwind for AWS. Amazon launches new Europe-based cloud service
• Positive Sentiment: Analysts and research pieces point to AWS re-accelerating (cited ~20% growth, large backlog, heavy AI investment) — supports higher-margin service revenue outlook. Amazon vs. Oracle: Which Cloud Computing Stock is the Better Buy Now?
• Positive Sentiment: Evercore highlights Rufus, Amazon’s AI shopping assistant, as a driver for e-commerce monetization and higher conversion/ads revenue. AI product traction supports longer-term margin expansion. AI-Shopping Assistant Rufus to Drive Amazon e-Commerce Growth
• Positive Sentiment: Amazon joined Wikimedia’s commercial enterprise for AI training access — strengthens access to training data for its LLM/AI efforts and signals cooperation with major content providers. Wikipedia parent partners with Amazon, Meta, Perplexity on AI access
• Positive Sentiment: Amazon secured a U.S. copper supply deal (Rio Tinto) to support fast-growing AI data-center construction — reduces a key bottleneck for capex-driven AWS expansion. Rio Tinto to supply copper to Amazon for AI data centers
• Positive Sentiment: Goldman Sachs raised its price target to $300 and reiterated Buy, reinforcing bullish analyst momentum and supporting investor appetite. Goldman Sachs adjusts price target on Amazon.com to $300
• Neutral Sentiment: Nigeria issued satellite permits to Kuiper (Amazon’s broadband unit), a longer-term growth signal for Kuiper but limited near-term revenue impact. Nigeria grants satellite permits to BeetleSat, Satelio and Amazon’s Kuiper
• Neutral Sentiment: Long-horizon bullish takes (e.g., forecasts that Amazon could reach $1T revenue by 2028) keep investor enthusiasm but are speculative and distant from near-term earnings. Amazon Will Be America’s First $1T Revenue Company
• Negative Sentiment: Legal dispute over Saks Global’s bankruptcy: Amazon says its $475M stake is now worthless and has warned of “drastic remedies.” Ongoing litigation and potential losses create headline risk and near-term uncertainty. Amazon threatens ‘drastic action’ after Saks bankruptcy
• Negative Sentiment: Coverage and some analysts are cautious (Cantor Fitzgerald cut its target), and a U.S. judge rejected Amazon’s first attempt to block Saks’ financing — these items add legal/analyst-driven pressure on sentiment. Cantor Fitzgerald reduces PT on Amazon

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the completion of the transaction, the chief executive officer owned 505,934 shares in the company, valued at $117,993,927.48. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 79,734 shares of company stock valued at $18,534,017. 9.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $340.00 target price on shares of Amazon.com in a research note on Wednesday, December 3rd. BMO Capital Markets upped their target price on shares of Amazon.com from $300.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, December 16th. Robert W. Baird set a $285.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, October 31st. Bank of America increased their price objective on shares of Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Finally, China Renaissance lifted their price objective on Amazon.com from $278.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $295.96.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.