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

Insight Advisors LLC PA lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,878 shares of the e-commerce giant’s stock after selling 2,389 shares during the quarter. Amazon.com accounts for about 1.7% of Insight Advisors LLC PA’s investment portfolio, making the stock its 8th biggest holding. Insight Advisors LLC PA’s holdings in Amazon.com were worth $9,936,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Demars Financial Group LLC increased its position in Amazon.com by 2.9% during the third quarter. Demars Financial Group LLC now owns 13,758 shares of the e-commerce giant’s stock worth $3,428,000 after purchasing an additional 387 shares during the last quarter. Mills Wealth Advisors LLC grew its stake in Amazon.com by 19.1% during the third quarter. Mills Wealth Advisors LLC now owns 1,247 shares of the e-commerce giant’s stock worth $311,000 after buying an additional 200 shares during the last quarter. Old North State Wealth Management LLC lifted its holdings in Amazon.com by 1.4% during the third quarter. Old North State Wealth Management LLC now owns 30,643 shares of the e-commerce giant’s stock worth $7,636,000 after acquiring an additional 424 shares in the last quarter. Royal Fund Management LLC raised its position in Amazon.com by 47.0% during the third quarter. Royal Fund Management LLC now owns 47,873 shares of the e-commerce giant’s stock worth $11,928,000 after acquiring an additional 15,317 shares in the last quarter. Finally, Curry Webb Wealth Management LLC increased its stake in Amazon.com by 18.1% during the 3rd quarter. Curry Webb Wealth Management LLC now owns 2,608 shares of the e-commerce giant’s stock worth $650,000 after acquiring an additional 400 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Scotiabank cut their target price on Amazon.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a research note on Friday, October 30th. JPMorgan Chase & Co. boosted their price target on Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a research note on Friday, October 30th. Benchmark upped their price objective on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Bank of America restated a “buy” rating and issued a $317.00 target price on shares of Amazon.com in a 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 issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $321.74.

Amazon.com Stock Performance

AMZN opened at $259.30 on Friday. The company has a market cap of $2.80 trillion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.86 and a beta of 1.49. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The firm’s fifty day simple moving average is $253.96 and its two-hundred day simple moving average is $243.57.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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 return on equity of 15.72% and a net margin of 16.90%. The firm had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. During the same quarter in the previous year, the firm posted $1.95 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This trade represents a 44.97% 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. Insiders sold a total of 71,589 shares of company stock valued at $18,545,595 in the last 90 days. Company 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.