Amazon.com, Inc. $AMZN Stock: Sowell Financial Services LLC Grows Stake

Sowell Financial Services LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,048 shares of the e-commerce giant’s stock after acquiring an additional 3,226 shares during the period. Amazon.com accounts for approximately 1.8% of Sowell Financial Services LLC’s holdings, making the stock its 9th biggest position. Sowell Financial Services LLC’s holdings in Amazon.com were worth $56,320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Silvant Capital Management LLC purchased a new stake in shares of Amazon.com in the second quarter valued at $60,065,000. Public Employees Retirement System of Ohio purchased a new position in shares of Amazon.com during the second quarter valued at $909,868,000. Northstar Financial Companies Inc. purchased a new position in shares of Amazon.com during the second quarter valued at $3,376,000. Gryphon Financial Partners LLC grew its holdings in shares of Amazon.com by 7.5% during the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after buying an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock valued at $63,285,000 after buying an additional 5,104 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research note on Friday, October 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $330.00 target price on shares of Amazon.com in a research note on Friday, October 30th. TD Cowen reiterated a “buy” rating and issued a $340.00 target price (down from $350.00) on shares of Amazon.com in a report on Friday, October 30th. Mizuho increased their price target on shares of Amazon.com from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $321.74.

Insider Activity at Amazon.com

In other news, 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 transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 sale, the vice president owned 119,780 shares of the company’s stock, valued at approximately $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $18,545,595. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com News Summary

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

• Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon’s CEO Andy Jassy Just Announced Huge News for Amazon Investors
• Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I’d Buy Right Now
• Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
• Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
• Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $259.30 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The business has a fifty day simple moving average of $253.96 and a 200 day simple moving average of $243.57. The firm has a market cap of $2.80 trillion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.97 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $202.22 billion. During the same quarter last year, the firm earned $1.95 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

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.