Amazon.com, Inc. $AMZN Stock: Lantern Wealth Advisors LLC Raises Holdings

Lantern Wealth Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,776 shares of the e-commerce giant’s stock after purchasing an additional 2,660 shares during the quarter. Amazon.com makes up 2.6% of Lantern Wealth Advisors LLC’s portfolio, making the stock its 6th largest holding. Lantern Wealth Advisors LLC’s holdings in Amazon.com were worth $6,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Rebalance LLC grew its position in Amazon.com by 7.3% in the 3rd quarter. Rebalance LLC now owns 961 shares of the e-commerce giant’s stock worth $239,000 after purchasing an additional 65 shares during the last quarter. Altura Wealth Advisors Inc. raised its stake in Amazon.com by 5.9% during the 3rd quarter. Altura Wealth Advisors Inc. now owns 35,461 shares of the e-commerce giant’s stock valued at $8,835,000 after acquiring an additional 1,964 shares in the last quarter. Garrett Wealth Advisory Group LLC boosted its position in Amazon.com by 1.9% during the 3rd quarter. Garrett Wealth Advisory Group LLC now owns 20,104 shares of the e-commerce giant’s stock worth $5,009,000 after acquiring an additional 373 shares during the period. James J. Burns & Company LLC boosted its position in Amazon.com by 3.7% during the 3rd quarter. James J. Burns & Company LLC now owns 13,818 shares of the e-commerce giant’s stock worth $3,443,000 after acquiring an additional 492 shares during the period. Finally, Winthrop Advisory Group LLC grew its stake in shares of Amazon.com by 2.9% in the third quarter. Winthrop Advisory Group LLC now owns 50,898 shares of the e-commerce giant’s stock worth $12,681,000 after purchasing an additional 1,418 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Amazon.com

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMZN. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $325.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Morgan Stanley reduced their price objective on shares of Amazon.com from $350.00 to $335.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Benchmark raised their target price on shares of Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $310.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, Mizuho upped their price target on shares of Amazon.com from $330.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $321.74.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $259.30 on Monday. The stock has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.97 and a beta of 1.49. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year 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 company has a 50 day moving average price of $253.96 and a 200 day moving average price of $243.57.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 company had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same quarter last year, the company posted $1.95 EPS. Amazon.com’s revenue was up 12.1% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, 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 in the company, valued at $115,327,113.07. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 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 $606,860.43. Following the completion of the transaction, the vice president owned 119,780 shares of the company’s stock, valued at $31,024,217.80. This trade represents a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 90 days. 8.90% of the stock is owned by insiders.

Amazon.com Company 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.