101,234 Amazon.com, Inc. $AMZN Shares Acquired by Deroy & Devereaux Private Investment Counsel Inc.

Key Points

• Deroy & Devereaux increased its Amazon stake by 47.3% in the third quarter, buying 101,234 shares to hold 315,140 shares valued at about $78.5 million.
• Amazon’s latest quarter brought 12.1% year-over-year revenue growth, but earnings per share of $1.89 and revenue of $201.94 billion both fell slightly short of analyst expectations.
• Analysts maintain a “Moderate Buy” consensus on AMZN, with an average price target of $321.74.

Deroy & Devereaux Private Investment Counsel Inc. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 47.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315,140 shares of the e-commerce giant's stock after acquiring an additional 101,234 shares during the quarter. Amazon.com makes up about 3.4% of Deroy & Devereaux Private Investment Counsel Inc.'s portfolio, making the stock its 2nd biggest position. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Amazon.com were worth $78,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of AMZN. Westover Capital Advisors LLC grew its stake in Amazon.com by 5.1% during the 3rd quarter. Westover Capital Advisors LLC now owns 79,362 shares of the e-commerce giant's stock valued at $19,773,000 after purchasing an additional 3,856 shares during the last quarter. Equity Wealth Partners LLC boosted its holdings in Amazon.com by 0.9% in the third quarter. Equity Wealth Partners LLC now owns 5,075 shares of the e-commerce giant's stock valued at $1,264,000 after purchasing an additional 43 shares during the last quarter. Peterson Wealth Services boosted its holdings in Amazon.com by 3.7% in the third quarter. Peterson Wealth Services now owns 61,568 shares of the e-commerce giant's stock valued at $15,340,000 after purchasing an additional 2,198 shares during the last quarter. Motive Wealth Advisors grew its position in Amazon.com by 4.7% during the 3rd quarter. Motive Wealth Advisors now owns 11,225 shares of the e-commerce giant's stock worth $2,797,000 after purchasing an additional 506 shares during the period. Finally, Leo Wealth LLC acquired a new stake in Amazon.com during the 3rd quarter worth about $5,161,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 1.7%

AMZN opened at $266.17 on Thursday. The stock has a market capitalization of $2.88 trillion, a PE ratio of 21.52, a P/E/G ratio of 2.06 and a beta of 1.49. 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 one year low of $196.00 and a one year high of $287.20. The business's 50 day moving average price is $254.41 and its 200 day moving average price is $244.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 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 analysts' expectations of $202.22 billion. During the same period in the previous year, the business posted $1.95 EPS. The business's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 7.80 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on AMZN. JPMorgan Chase & Co. raised their target price on Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Piper Sandler reiterated an "overweight" rating on shares of Amazon.com in a research report on Friday, October 30th. Citizens Jmp reduced their price target on Amazon.com from $315.00 to $275.00 and set a "market outperform" rating for the company in a report on Friday, October 30th. Guggenheim reiterated a "buy" rating and set a $320.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Finally, Robert W. Baird set a $310.00 price target on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Trending Headlines about Amazon.com

Investors following AMZN have been watching these headlines:

• Positive Sentiment: AWS growth and backlog support the investment case. AWS grew 39.3% in the latest quarter, its fastest pace in nearly five years, and has a reported $578 billion backlog. That demand could help justify Amazon’s major AI infrastructure buildout. AWS growth and backlog article
• Positive Sentiment: Anthropic could add strategic and financial upside. Amazon is a major Anthropic investor and cloud provider; an anticipated IPO could raise the estimated value of its stake substantially, while Anthropic’s infrastructure commitments may generate AWS business. Any IPO valuation gain remains prospective, not cash already realized. Anthropic IPO article
• Negative Sentiment: AI spending is pressuring free cash flow. Amazon expects approximately $220 billion in 2026 capital expenditures, and its AI buildout has pushed free cash flow into negative territory. Investors may remain cautious until spending translates into returns. AI capital expenditures article

Insider Buying and Selling at Amazon.com

In other 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 sale, the chief executive officer directly owned 473,681 shares in the company, valued at approximately $115,327,113.07. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 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 completion of the sale, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This represents a 44.97% 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. In the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,545,595. Insiders own 8.90% of the company's stock.

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.

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