Amazon.com, Inc. $AMZN Shares Sold by Seamount Financial Group Inc.

Seamount Financial Group Inc. trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,523 shares of the e-commerce giant’s stock after selling 2,370 shares during the quarter. Amazon.com makes up 4.1% of Seamount Financial Group Inc.’s holdings, making the stock its 4th biggest position. Seamount Financial Group Inc.’s holdings in Amazon.com were worth $10,595,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its holdings in Amazon.com by 5.5% during the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after purchasing an additional 21,398,025 shares during the period. Bank of America Corp DE purchased a new stake in Amazon.com in the second quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com in the second quarter valued at $16,341,405,000. Amundi raised its stake in shares of Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after buying an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Amazon.com in the second quarter valued at $12,831,376,000. 72.20% of the stock is owned by institutional investors.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS growth and demand are driving optimism. AWS revenue grew nearly 40% in the latest quarter, while its $578 billion backlog points to substantial future demand. Management expects AWS growth above 40% in 2027 and 2028, helping bolster the long-term AI and cloud outlook. Article: Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
• Positive Sentiment: Market conditions favored large technology companies. A post-election rally lifted Big Tech, with investors appearing less concerned that potential data-center restrictions would derail the largest cloud providers’ expansion plans. A reported cloud-capacity shortage may also give Amazon and peers room to raise prices. Article: Microsoft and Amazon combine for a $400 billion market-cap boost
• Positive Sentiment: Amazon is expanding Alexa shopping access. A new merchant workspace lets eligible sellers connect their stores to Alexa for Shopping and Amazon’s online properties, potentially broadening product selection and shopping engagement. Article: Amazon Offers Merchants New Connection to Alexa for Shopping
• Neutral Sentiment: Worldwide Amazon Stores CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan, a small portion of his remaining holdings; the planned transaction is not necessarily a signal about the company’s outlook. SEC filing
• Negative Sentiment: AI investment is weighing on cash generation. Amazon’s roughly $220 billion spending plan is contributing to negative free cash flow, leaving investors focused on when infrastructure spending will produce returns. AI shopping agents could also challenge the advertising revenue and customer-data model used by Amazon and other retailers. Article: AI shopping agents could threaten Amazon and Walmart’s ad business

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Citizens Jmp dropped their price target on Amazon.com from $315.00 to $275.00 and set a “market outperform” rating on the stock in a research report on Friday, October 30th. Rosenblatt Securities reissued a “buy” rating and issued a $360.00 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 research note on Friday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a report on Friday, October 30th. Finally, Mizuho increased their target price on shares of Amazon.com from $330.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, October 30th. Two equities 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a filing 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, CFO Brian T. Olsavsky sold 6,172 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their position. 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 ninety days, insiders have sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $266.31 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock has a market cap of $2.88 trillion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.49. The stock has a fifty day moving average of $253.90 and a 200-day moving average of $243.32.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The company had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the company posted $1.95 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.