Amazon.com, Inc. $AMZN Stock Bought by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,703 shares of the e-commerce giant’s stock after acquiring an additional 10,124 shares during the period. Amazon.com makes up 0.9% of Sigma Investment Counselors Inc.’s portfolio, making the stock its 27th largest holding. Sigma Investment Counselors Inc.’s holdings in Amazon.com were worth $19,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Red Crane Wealth Management LLC grew its position in Amazon.com by 2.3% in the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after purchasing an additional 38 shares during the last quarter. Stegent Equity Advisors Inc. increased its holdings in shares of Amazon.com by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant’s stock worth $364,000 after purchasing an additional 39 shares during the period. Robinson Smith Wealth Advisors LLC increased its holdings in shares of Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock worth $1,147,000 after purchasing an additional 40 shares during the period. Sfam LLC raised its position in shares of Amazon.com by 3.4% during the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after buying an additional 40 shares during the last quarter. Finally, Measured Risk Portfolios Inc. raised its position in shares of Amazon.com by 3.4% during the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock valued at $251,000 after buying an additional 40 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Top Amazon.com Stories

These are some of the AMZN stories that stood out recently:

• Neutral Sentiment: A planned launch of 40 Amazon Leo satellites could advance its satellite-internet service, although the launch itself does not establish the service’s eventual commercial returns. 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
• Negative Sentiment: United Airlines’ CEO reportedly criticized Amazon Leo as a mistake while praising Starlink’s competitive position, highlighting execution and competition risks for Amazon’s satellite initiative. Benzinga article

Insider Activity

In other Amazon.com news, CFO Brian Olsavsky sold 6,172 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the sale, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 476,681 shares in the company, valued at approximately $123,465,145.81. This represents 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. Over the last quarter, insiders have sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wedbush reduced their target price on shares of Amazon.com from $310.00 to $298.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Monness Crespi & Hardt boosted their price target on Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a report on Friday, October 30th. JPMorgan Chase & Co. upped their price target on Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Finally, Cantor Fitzgerald reduced their price objective on Amazon.com from $310.00 to $280.00 and set an “overweight” rating for the company 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $321.74.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $0.78 during trading on Friday, hitting $266.66. 31,035,709 shares of the company’s stock traded hands, compared to its average volume of 50,501,436. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The firm’s fifty day moving average price is $254.82 and its 200 day moving average price is $244.32. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. 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 posted its 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). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. During the same period in the previous year, the firm earned $1.95 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current 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.