Amazon.com, Inc. $AMZN Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.4% during the third quarter, HoldingsChannel.com reports. The fund owned 35,330 shares of the e-commerce giant’s stock after acquiring an additional 2,743 shares during the quarter. Segment Wealth Management LLC’s holdings in Amazon.com were worth $8,802,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AMZN. TOP Private Wealth LLC. bought a new position in Amazon.com during the 2nd quarter valued at about $29,000. Bard Associates Inc. acquired a new position in Amazon.com in the second quarter valued at about $32,000. Longfellow Investment Management Co. LLC bought a new stake in Amazon.com during the second quarter worth about $33,000. Atomic Invest LLC grew its stake in Amazon.com by 41.2% during the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after buying an additional 49 shares during the last quarter. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Amazon.com during the second quarter worth approximately $68,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Latest Amazon.com News

Here’s some of the latest news about AMZN:

• Positive Sentiment: Coverage pointed to the estimated value of Amazon’s Anthropic investment and ongoing AI demand as potential supports. A reported leadership shake-up at Nvidia may also encourage cloud providers to diversify chip suppliers, potentially benefiting Amazon’s in-house silicon efforts. What Is Going on with Amazon Stock on Thursday? NVIDIA’s Crisis Opens the Board
• Negative Sentiment: Risks include pushback from Eastern Washington residents over water use and transparency tied to a proposed data-center campus. Separately, Amazon’s planned roughly $220 billion in 2026 capital spending is weighing on free cash flow, even as the company invests to meet AI demand. Amazon data center plan draws protests Will Rising AI Capex Weigh on Amazon’s Free Cash Flow?
• Negative Sentiment: Amazon also faces legal overhangs: Italian prosecutors are pursuing an investigation into alleged unpaid import VAT and customs duties, and a U.S. court certified a class action alleging biometric-data violations involving Amazon Photos. Outcomes and potential financial exposure remain uncertain. Amazon Could Face Trial in Italy Over Unpaid Import VAT Class action over alleged Amazon Photos biometric-data collection

Amazon.com Price Performance

Shares of AMZN stock opened at $267.44 on Friday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The firm’s 50 day moving average is $254.66 and its 200-day moving average is $244.21. The firm has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.02 and a beta of 1.49. 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 (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The company had revenue of $201.94 billion during the quarter, compared to analyst estimates 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 prior year, the business earned $1.95 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMZN. Pivotal Research reiterated a “buy” rating and issued a $333.00 target price (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. TD Cowen restated a “buy” rating and set a $340.00 price target (down from $350.00) on shares of Amazon.com in a research report on Friday, October 30th. Robert W. Baird set a $310.00 price target on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a research report on Friday, October 30th. Finally, Truist Financial set a $390.00 price objective on Amazon.com in a research note on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. The trade was a 1.32% 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. In the last 90 days, insiders have sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is owned by company insiders.

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.