Amazon.com, Inc. $AMZN Stake Raised by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 154,222 shares of the e-commerce giant’s stock after purchasing an additional 2,410 shares during the quarter. Amazon.com accounts for 1.5% of Kingswood Wealth Advisors LLC’s portfolio, making the stock its 9th biggest position. Kingswood Wealth Advisors LLC’s holdings in Amazon.com were worth $38,424,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Straight Path Wealth Management bought a new position in Amazon.com during the 3rd quarter worth approximately $341,000. Broadway Wealth Solutions Inc. grew its holdings in Amazon.com by 4.0% during the third quarter. Broadway Wealth Solutions Inc. now owns 9,416 shares of the e-commerce giant’s stock valued at $2,346,000 after purchasing an additional 358 shares during the period. Financial Management Professionals Inc. grew its holdings in Amazon.com by 0.9% during the third quarter. Financial Management Professionals Inc. now owns 12,342 shares of the e-commerce giant’s stock valued at $3,075,000 after purchasing an additional 112 shares during the period. Total Wealth Planning & Management Inc. increased its stake in Amazon.com by 0.6% in the third quarter. Total Wealth Planning & Management Inc. now owns 13,607 shares of the e-commerce giant’s stock valued at $3,390,000 after purchasing an additional 75 shares in the last quarter. Finally, Revolve Wealth Partners LLC increased its stake in Amazon.com by 4.2% in the third quarter. Revolve Wealth Partners LLC now owns 28,799 shares of the e-commerce giant’s stock valued at $7,175,000 after purchasing an additional 1,148 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the topic of several analyst reports. Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 31st. Guggenheim reissued a “buy” rating and set a $320.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Cantor Fitzgerald decreased their price target on shares of Amazon.com from $310.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Phillip Securities upgraded shares of Amazon.com from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $335.00 price objective on shares of Amazon.com in a research report 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $321.74.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS growth and backlog support the AI investment case. AWS revenue grew 39.3% in the latest quarter, its fastest pace in nearly five years, while its reported backlog reached $578 billion. That contracted demand may help justify Amazon’s substantial infrastructure investment. Article: Andy Jassy Just Delivered Great News for Amazon Stock Investors
• Positive Sentiment: Anthropic’s planned IPO could highlight the value of Amazon’s stake and cloud relationship. Reports describe Amazon as a major investor and cloud provider to Anthropic; the proposed offering could put a substantial valuation on its stake, while Anthropic’s infrastructure commitments could also generate AWS business. Any stake valuation remains a paper estimate until shares trade. Article: Amazon and Google Will See Big Paydays from Anthropic IPO
• Positive Sentiment: UK approval expands Amazon’s drone-delivery opportunity. Regulatory clearance allows Amazon to extend eligible deliveries in Darlington to about 8,000 customers, providing a potential route to faster service and more efficient fulfillment. Article: UK aviation regulator clears Amazon for expanded drone delivery
• Neutral Sentiment: Ring’s new home-security devices and Amazon’s holiday promotions add product and seasonal-sales visibility, but their financial contribution is not yet clear. Article: Amazon’s Ring launches flying camera, autonomous security robot
• Negative Sentiment: AI infrastructure spending remains a key risk. Amazon’s large capital-spending plans could pressure cash flow if cloud and AI demand do not translate into returns quickly enough; data-center power, permitting and cost concerns add uncertainty. Article: Amazon Faces a $1.2 Trillion AI Spending Question
• Negative Sentiment: Amazon agreed to pay $3 million to Arizona Prime members to resolve allegations related to its subscription-cancellation process, a modest financial cost but a potential reputational and regulatory concern. Article: Amazon agrees to pay $3M to Arizona Prime members

Insider Buying and Selling

In other news, 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 transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer owned 476,681 shares of the company’s stock, valued at $123,465,145.81. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% 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 have sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is owned by corporate insiders.

Amazon.com Price Performance

NASDAQ AMZN opened at $270.87 on Wednesday. The business has a 50 day simple moving average of $254.19 and a 200 day simple moving average of $243.93. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week 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 stock has a market cap of $2.93 trillion, a price-to-earnings ratio of 21.90, 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 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. 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 business posted $1.95 earnings per share. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts anticipate 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.