Amazon.com, Inc. $AMZN Shares Sold by WestEnd Advisors LLC

WestEnd Advisors LLC cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,850 shares of the e-commerce giant’s stock after selling 15,908 shares during the quarter. Amazon.com comprises about 0.9% of WestEnd Advisors LLC’s holdings, making the stock its 26th biggest holding. WestEnd Advisors LLC’s holdings in Amazon.com were worth $39,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of AMZN. Trust Asset Management LLC lifted its holdings in Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock worth $26,000 after buying an additional 3,414 shares during the period. TOP Private Wealth LLC. bought a new stake in Amazon.com during the 2nd quarter valued at approximately $29,000. Bard Associates Inc. purchased a new position in shares of Amazon.com during the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Amazon.com during the 2nd quarter worth approximately $33,000. Finally, Atomic Invest LLC raised its position in shares of Amazon.com by 41.2% in the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

More Amazon.com News

Investors following AMZN have been watching these news items:

• Positive Sentiment: Amazon’s planned World Product Graph would catalog products available across the internet, including items Amazon doesn’t stock. If it makes Amazon a starting point for more shopping searches, it could strengthen product discovery and attract advertising revenue. Reuters article
• Negative Sentiment: Amazon’s European unit and managers could face a criminal trial in Italy over alleged unpaid import VAT and customs duties on third-party cross-border sales. A trial could bring legal costs, penalties, or reputational risk; the allegations have not been resolved. Yahoo Finance article
• Negative Sentiment: United Airlines’ CEO reportedly criticized Amazon Leo as a mistake while praising Starlink’s competitive position, highlighting execution and competition risks for Amazon’s satellite initiative. Benzinga article

Insider Activity

In other news, CFO Brian Olsavsky sold 6,172 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 109,207 shares in the company, valued at $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was 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 represents a 0.89% 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. Over the last three months, insiders sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.3%

Shares of Amazon.com stock traded down $0.78 during midday trading on Friday, hitting $266.66. The company had a trading volume of 31,035,709 shares, compared to its average volume of 50,501,436. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. 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 has a market capitalization of $2.88 trillion, a P/E ratio of 21.56, a P/E/G ratio of 2.03 and a beta of 1.49. The company has a 50 day moving average of $254.82 and a 200 day moving average of $244.32.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Raymond James Financial reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Amazon.com in a research note on Friday, October 30th. Deutsche Bank reaffirmed a “buy” rating and issued a $325.00 price target (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Citizens Jmp decreased their price objective on Amazon.com from $315.00 to $275.00 and set a “market outperform” rating for the company in a report on Friday, October 30th. Finally, Morgan Stanley lowered their price objective on Amazon.com from $350.00 to $335.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $321.74.

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.