Mather Group LLC. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 19.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 152,540 shares of the e-commerce giant’s stock after buying an additional 25,273 shares during the period. Mather Group LLC.’s holdings in Amazon.com were worth $37,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE acquired a new stake in Amazon.com during the second quarter worth $22,218,775,000. Bank of New York Mellon Corp acquired a new position in shares of Amazon.com in the 2nd quarter valued at $16,341,405,000. Legal & General Group Plc acquired a new position in shares of Amazon.com in the 2nd quarter valued at $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Amazon.com in the 2nd quarter valued at $6,631,466,000. Finally, Jupiter Topco LLC purchased a new position in shares of Amazon.com during the 2nd quarter worth $5,910,083,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insider Buying and Selling
In other news, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction dated 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 transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the completion of the transaction, the vice president owned 119,780 shares of the company’s stock, valued at $31,024,217.80. The trade was a 1.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock worth $18,580,515 over the last ninety days. Company insiders own 8.90% of the company’s stock.
Trending Headlines about Amazon.com
- Positive Sentiment: Strong AWS and AI growth remain the central bull case. AWS is reportedly expanding at its fastest pace in 18 quarters, while Amazon’s custom Trainium chips are being made available to PyTorch developers. Analysts see cloud growth, advertising, operating leverage and AI infrastructure as potential drivers of substantial long-term upside. Amazon AI growth and upside analysis
- Positive Sentiment: Institutional and analyst support provided a counterpoint. Morgan Stanley named Amazon a top pick and raised its price target, while Citadel increased its Amazon position. Jefferies also said warehouse automation and Amazon’s logistics network could improve retail margins over time. Citadel Amazon stake and AI bubble article
- Positive Sentiment: Amazon continues to expand strategic growth opportunities. The company is involved in a proposed 960-megawatt nuclear project in Indiana, and data indicate it is gaining fresh-grocery market share from traditional supermarkets. Amazon nuclear energy project
- Neutral Sentiment: Third-quarter results are the immediate focus. Wall Street expects earnings growth, but investors are watching AWS growth, operating margins, free cash flow and management’s outlook for capital expenditures. The company’s recent spending plans reportedly approach $200 billion to $220 billion, making the earnings call particularly important. Amazon earnings preview
- Negative Sentiment: AI investment is raising return-on-capital concerns. Reports say some Nvidia-powered server racks purchased by Amazon are sitting idle because data centers lack sufficient electricity, while Amazon has also abandoned a planned Virginia data-center campus. Such developments could delay monetization of its massive infrastructure spending. Amazon Nvidia chips and data-center power report
- Negative Sentiment: Competitive, regulatory and labor risks remain overhangs. Debate over whether AI is in a bubble, Walmart’s more open approach to AI-agent commerce, a proposed bill targeting subsidies for large AI data centers, and renewed Teamsters pressure on delivery rules could increase uncertainty or costs. Amazon and Walmart AI-agent commerce article
Amazon.com Stock Down 4.6%
Amazon.com stock opened at $250.38 on Friday. The firm has a market capitalization of $2.70 trillion, a P/E ratio of 20.14, a P/E/G ratio of 2.03 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The stock’s fifty day simple moving average is $255.85 and its 200-day simple moving average is $253.33.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same period last year, the business posted $1.68 earnings per share. Amazon.com’s revenue was up 19.6% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Yorkville Ives initiated coverage on Amazon.com in a research report on Monday. They set an “outperform” rating and a $300.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $325.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $375.00 target price (up from $335.00) on shares of Amazon.com in a research report on Friday, July 31st. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a research note on Friday, August 14th. Finally, Wedbush lifted their price target on shares of Amazon.com from $293.00 to $310.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $322.53.
Read Our Latest Analysis on AMZN
Amazon.com Company Profile
Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.
The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.
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