Amazon.com, Inc. $AMZN Shares Bought by Westover Capital Advisors LLC

Westover Capital Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,362 shares of the e-commerce giant’s stock after buying an additional 3,856 shares during the quarter. Amazon.com comprises about 3.2% of Westover Capital Advisors LLC’s holdings, making the stock its 5th largest position. Westover Capital Advisors LLC’s holdings in Amazon.com were worth $19,773,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AMZN. Equity Wealth Partners LLC raised its stake in Amazon.com by 0.9% during the third quarter. Equity Wealth Partners LLC now owns 5,075 shares of the e-commerce giant’s stock worth $1,264,000 after buying an additional 43 shares during the last quarter. Peterson Wealth Services lifted its holdings in Amazon.com by 3.7% in the third quarter. Peterson Wealth Services now owns 61,568 shares of the e-commerce giant’s stock valued at $15,340,000 after buying an additional 2,198 shares during the period. Motive Wealth Advisors boosted its position in Amazon.com by 4.7% during the third quarter. Motive Wealth Advisors now owns 11,225 shares of the e-commerce giant’s stock valued at $2,797,000 after acquiring an additional 506 shares during the last quarter. Leo Wealth LLC bought a new stake in Amazon.com during the third quarter valued at $5,161,000. Finally, Level Wealth Management LLC grew its holdings in Amazon.com by 136.7% during the 3rd quarter. Level Wealth Management LLC now owns 2,793 shares of the e-commerce giant’s stock worth $696,000 after acquiring an additional 1,613 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.7%

Shares of NASDAQ:AMZN opened at $266.17 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The business’s 50 day simple moving average is $254.41 and its two-hundred day simple moving average is $244.06. The firm has a market cap of $2.88 trillion, a P/E ratio of 21.52, a PEG ratio of 2.06 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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 net margin of 16.90% and a return on equity of 15.72%. 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 firm earned $1.95 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Latest Amazon.com News

These are some of the AMZN news items that stood out recently:

• 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
• Negative Sentiment: AI spending is pressuring free cash flow. Amazon expects approximately $220 billion in 2026 capital expenditures, and its AI buildout has pushed free cash flow into negative territory. Investors may remain cautious until spending translates into returns. AI capital expenditures article
• Negative Sentiment: Legal proceedings add uncertainty. Italian prosecutors are pursuing allegations involving unpaid import VAT and customs duties, while a U.S. court certified a class action alleging biometric-data violations through Amazon Photos. Both matters could create financial and reputational costs; the allegations have not been proven. Italy VAT case article Biometric-data lawsuit article

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Piper Sandler restated an “overweight” rating on shares of Amazon.com in a research report on Friday, October 30th. Citizens Jmp cut their target price on Amazon.com from $315.00 to $275.00 and set a “market outperform” rating on the stock in a research report on Friday, October 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Finally, HSBC reiterated a “buy” rating and issued a $310.00 target price on shares of Amazon.com in a report on Friday, July 31st. Two investment 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total transaction of $243,470.00. Following the transaction, the chief executive officer owned 473,681 shares in the company, valued at approximately $115,327,113.07. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer owned 17,794 shares in the company, valued at approximately $4,609,713.64. The trade was a 44.97% 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 have sold a total of 71,589 shares of company stock worth $18,545,595 in the last quarter. Insiders own 8.90% of the company’s stock.

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.