Norris Perne & French LLP MI increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 178.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 246,695 shares of the e-commerce giant’s stock after acquiring an additional 158,091 shares during the period. Amazon.com comprises 2.7% of Norris Perne & French LLP MI’s holdings, making the stock its 5th largest position. Norris Perne & French LLP MI’s holdings in Amazon.com were worth $61,464,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in shares of Amazon.com during the 2nd quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new position in shares of Amazon.com in the 2nd quarter valued at $16,341,405,000. Legal & General Group Plc acquired a new position in shares of Amazon.com in the 2nd quarter valued at $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Amazon.com in the 2nd quarter valued at $6,631,466,000. Finally, Jupiter Topco LLC purchased a new stake in Amazon.com during the second quarter worth $5,910,083,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Scotiabank dropped their price target on shares of Amazon.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research report on Friday, October 30th. Citizens Jmp decreased their price objective on shares of Amazon.com from $315.00 to $275.00 and set a “market outperform” rating for the company in a research report on Friday, October 30th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Wedbush dropped their target price on Amazon.com from $310.00 to $298.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. Finally, Roth Capital restated a “buy” rating and set a $325.00 target price on shares of Amazon.com in a research report on Monday, August 3rd. Two equities research 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 stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.
View Our Latest Stock Report on Amazon.com
Amazon.com News Summary
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
- Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What’s Going On With Amazon Stock Monday?
- Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
- Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon’s Astro home robot has fans but looks destined for the ‘trash heap.’ Why it’s trying again
- Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.
Insider Buying and Selling at Amazon.com
In related news, VP Shelley Reynolds sold 2,343 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 $606,860.43. Following the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. The trade was a 1.92% decrease in their position. 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 Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, 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 ownership of the stock. 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 ninety days, insiders have sold 71,589 shares of company stock valued at $18,545,595. Corporate insiders own 8.90% of the company’s stock.
Amazon.com Price Performance
Amazon.com stock opened at $266.93 on Tuesday. The stock has a market capitalization of $2.89 trillion, a P/E ratio of 21.58, a P/E/G ratio of 2.02 and a beta of 1.49. The company’s fifty day moving average price is $253.97 and its 200 day moving average price is $243.74. 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 1 year low of $196.00 and a 1 year high of $287.20.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.
About Amazon.com
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.
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