24,765 Amazon.com, Inc. $AMZN Shares Sold by RD Finance Ltd

RD Finance Ltd lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,065 shares of the e-commerce giant’s stock after selling 24,765 shares during the period. Amazon.com makes up about 5.6% of RD Finance Ltd’s investment portfolio, making the stock its 6th largest position. RD Finance Ltd’s holdings in Amazon.com were worth $5,996,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Geneva Partners LLC acquired a new stake in shares of Amazon.com during the third quarter worth approximately $7,537,000. Sage Investment Counsel LLC raised its holdings in Amazon.com by 8.5% in the third quarter. Sage Investment Counsel LLC now owns 7,251 shares of the e-commerce giant’s stock valued at $1,807,000 after acquiring an additional 569 shares in the last quarter. Plimoth Trust Co. LLC raised its holdings in Amazon.com by 0.7% in the third quarter. Plimoth Trust Co. LLC now owns 66,633 shares of the e-commerce giant’s stock valued at $16,602,000 after acquiring an additional 487 shares in the last quarter. Solitude Financial Services raised its holdings in Amazon.com by 8.4% in the third quarter. Solitude Financial Services now owns 1,400 shares of the e-commerce giant’s stock valued at $349,000 after acquiring an additional 108 shares in the last quarter. Finally, Noesis Capital Mangement Corp boosted its stake in Amazon.com by 0.6% during the 3rd quarter. Noesis Capital Mangement Corp now owns 113,801 shares of the e-commerce giant’s stock valued at $28,353,000 after acquiring an additional 689 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

AMZN stock opened at $266.17 on Thursday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The stock has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.06 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. The stock’s fifty day moving average is $254.41 and its two-hundred day moving average is $244.06.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. During the same quarter in the prior year, the company posted $1.95 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 7.80 EPS for the current year.

Insider Activity

In other news, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the sale, the chief financial officer owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com 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 $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This trade represents a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,545,595 over the last three months. Insiders own 8.90% of the company’s stock.

Latest Amazon.com News

Investors following AMZN have been watching these news items:

• Positive Sentiment: AWS growth and backlog support the investment case. AWS grew 39.3% in the latest quarter, its fastest pace in nearly five years, and has a reported $578 billion backlog. That demand could help justify Amazon’s major AI infrastructure buildout. AWS growth and backlog article
• Positive Sentiment: Amazon received a Stock Grader upgrade. Its rating moved from Weak to Neutral, with return on equity and analyst earnings revisions identified as strengths, although several growth and cash-flow measures remained weak. Stock Grader article
• Neutral Sentiment: AWS expansion offers future capacity but requires substantial investment. Amazon’s planned Chile data centers add to its infrastructure footprint, though investors are weighing that opportunity against the cost of building out capacity. AWS Chile data center article

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. Phillip Securities raised Amazon.com from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, November 2nd. Zacks Research downgraded Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a research report on Friday, October 30th. Oppenheimer reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. Finally, The Goldman Sachs Group reiterated a “conviction-buy” rating and issued a $370.00 price target on shares of Amazon.com in a report 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Amazon.com Company 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.