Amazon.com, Inc. $AMZN Shares Purchased by Weaver Capital Management LLC

Weaver Capital Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 21.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,556 shares of the e-commerce giant’s stock after acquiring an additional 8,437 shares during the period. Amazon.com comprises about 2.3% of Weaver Capital Management LLC’s holdings, making the stock its 12th largest holding. Weaver Capital Management LLC’s holdings in Amazon.com were worth $12,098,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMZN. Financial Harvest LLC lifted its stake in Amazon.com by 18.6% in the third quarter. Financial Harvest LLC now owns 4,765 shares of the e-commerce giant’s stock valued at $1,187,000 after acquiring an additional 747 shares during the last quarter. Brindle & Bay Financial Advisors LLC acquired a new position in shares of Amazon.com during the 3rd quarter worth $224,000. Maryland Capital Advisors Inc. increased its stake in shares of Amazon.com by 46.5% during the 3rd quarter. Maryland Capital Advisors Inc. now owns 438 shares of the e-commerce giant’s stock worth $109,000 after purchasing an additional 139 shares during the last quarter. Elevated Private Wealth LLC increased its stake in shares of Amazon.com by 10.0% during the 3rd quarter. Elevated Private Wealth LLC now owns 13,312 shares of the e-commerce giant’s stock worth $3,317,000 after purchasing an additional 1,206 shares during the last quarter. Finally, RDA Financial Network increased its stake in shares of Amazon.com by 0.5% during the 3rd quarter. RDA Financial Network now owns 55,930 shares of the e-commerce giant’s stock worth $13,935,000 after purchasing an additional 258 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. UBS Group set a $200.00 price objective on shares of Amazon.com in a research note on Thursday, September 17th. Benchmark upped their price objective 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. Raymond James Financial reissued an “outperform” rating and set a $390.00 target price (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. DA Davidson restated a “neutral” rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, July 31st. Finally, Roth Capital reaffirmed a “buy” rating and issued a $325.00 price target on shares of Amazon.com in a research report on Monday, August 3rd. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $322.53.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 2,343 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 company’s stock in a transaction that occurred 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 completion of the transaction, 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 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. Insiders have sold 71,589 shares of company stock valued at $18,580,515 in the last quarter. 8.90% of the stock is currently owned by insiders.

Amazon.com News Summary

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon’s $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Amazon.com Trading Down 1.0%

Shares of Amazon.com stock opened at $248.00 on Friday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company’s fifty day simple moving average is $255.56 and its 200-day simple moving average is $253.29. The company has a market cap of $2.68 trillion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.04 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 (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same period in the prior year, the company earned $1.68 EPS. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 7.55 EPS for the current year.

Amazon.com 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.