Amazon.com, Inc. $AMZN Stock Sold by VestGen Advisors LLC

VestGen Advisors LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the third quarter, Holdings Channel.com reports. The fund owned 232,933 shares of the e-commerce giant’s stock after selling 7,220 shares during the period. Amazon.com accounts for 1.8% of VestGen Advisors LLC’s holdings, making the stock its 7th largest holding. VestGen Advisors LLC’s holdings in Amazon.com were worth $58,035,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Amazon.com by 5.5% in the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock worth $95,504,904,000 after purchasing an additional 21,398,025 shares during the last quarter. Bank of America Corp DE purchased a new position in Amazon.com during the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp purchased a new position in Amazon.com during the 2nd quarter valued at about $16,341,405,000. Amundi increased its holdings in Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after purchasing an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc bought a new position in Amazon.com during the 2nd quarter valued at approximately $12,831,376,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Down 0.3%

Amazon.com stock traded down $0.78 during trading hours on Friday, hitting $266.66. 31,035,709 shares of the stock traded hands, compared to its average volume of 50,501,436. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The firm’s 50-day moving average price is $254.82 and its two-hundred day moving average price is $244.32. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.88 trillion, a PE ratio of 21.56, a PEG ratio of 2.03 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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 firm had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current year.

Amazon.com News Roundup

Investors following AMZN have been watching these news items:

• Positive Sentiment: Amazon remains an AI and cloud growth story: a recent investor article cited AWS revenue growth of 39% and projected growth above 40% in 2027 and 2028. Continued cloud momentum may support the investment case. The Motley Fool article
• Neutral Sentiment: Amazon updated Alexa’s shopping capabilities, but the report noted the stock weakened despite the changes, suggesting investors may want evidence of meaningful adoption or revenue impact. TipRanks 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

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Royal Bank Of Canada reiterated an “outperform” rating and issued a $330.00 price objective on shares of Amazon.com in a report on Friday, October 30th. Piper Sandler restated an “overweight” rating on shares of Amazon.com in a report on Friday, October 30th. Phillip Securities raised Amazon.com from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $360.00 price target on shares of Amazon.com in a research note on Friday, October 30th. Finally, UBS Group reiterated a “buy” rating and issued a $348.00 price target (up from $318.00) on shares of Amazon.com in a report on Monday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of the company’s 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 sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $243.47, for a total value of $243,470.00. Following the completion of the transaction, the chief executive officer owned 473,681 shares of the company’s stock, valued at approximately $115,327,113.07. This trade represents a 0.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,545,595 over the last ninety days. 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.