18,620 Amazon.com, Inc. $AMZN Shares Purchased by Peddock Capital Advisors LLC

Key Points

• Peddock Capital Advisors nearly doubled its Amazon stake in the third quarter, buying 18,620 additional shares to hold 37,692 shares valued at approximately $9.4 million.
• Institutional investors own 72.2% of Amazon, while analysts remain broadly bullish: 57 analysts rate the stock a Buy, with an average price target of $325.12 versus a recent price of $249.09.
• Amazon’s latest results exceeded expectations, with $5.75 in EPS and $200.61 billion in revenue; however, heavy AI infrastructure spending could pressure margins and free cash flow despite strong AWS demand.

Peddock Capital Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 97.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,692 shares of the e-commerce giant's stock after buying an additional 18,620 shares during the period. Amazon.com comprises about 1.8% of Peddock Capital Advisors LLC's portfolio, making the stock its 12th biggest position. Peddock Capital Advisors LLC's holdings in Amazon.com were worth $9,391,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its holdings in Amazon.com by 5.5% in 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 acquiring an additional 21,398,025 shares during the last quarter. Bank of America Corp DE acquired a new stake in Amazon.com during the 2nd quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in Amazon.com during the 2nd quarter valued at approximately $16,341,405,000. Amundi increased its position in Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock valued at $15,211,393,000 after purchasing an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc bought a new position in Amazon.com during the 2nd quarter worth approximately $12,831,376,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.4%

AMZN stock opened at $249.09 on Tuesday. The stock's fifty day simple moving average is $255.64 and its two-hundred day simple moving average is $243.00. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The stock has a market cap of $2.69 trillion, a P/E ratio of 20.04, a P/E/G ratio of 2.04 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business's revenue was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. Analysts expect that Amazon.com, Inc. will post 7.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Cantor Fitzgerald reduced their price objective on shares of Amazon.com from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Mizuho set a $330.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Friday, July 31st. BMO Capital Markets restated an "outperform" rating on shares of Amazon.com in a report on Tuesday, October 20th. Wolfe Research restated an "outperform" rating and issued a $315.00 target price on shares of Amazon.com in a report on Friday, July 31st. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $350.00 price target (up from $335.00) on shares of Amazon.com in a research report on Monday, October 19th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $325.12.

More Amazon.com News

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

• Positive Sentiment: AWS demand is the main catalyst. Amazon CEO Andy Jassy said AWS capacity is largely sold out through 2027, while analysts expect cloud growth to exceed forecasts as customers expand AI-computing usage. The combination of rising demand and a large backlog could support faster revenue growth and improve investor confidence in AWS. Amazon cloud growth expected to beat forecasts as AI demand strengthens
• Positive Sentiment: Anthropic’s IPO filing reinforces Amazon’s AI-infrastructure opportunity. The filing disclosed at least $110 billion of non-cancelable cloud commitments with Amazon, providing substantial long-term visibility for AWS. Amazon is also an Anthropic investor, creating potential upside from both cloud revenue and the value of its equity stake. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Analysts remain bullish ahead of earnings. UBS said expectations may be too low and sees substantial upside, while other analysts maintained Buy ratings and price targets ranging from $320 to $350, citing AWS growth, AI demand and resilient retail operations. Amazon analyst expectations and AWS growth
• Neutral Sentiment: Results are the immediate test. Investors will watch AWS growth, operating margins, capital expenditures, free cash flow and fourth-quarter guidance. The Federal Reserve’s policy decision and earnings from Microsoft and Alphabet may also influence sentiment toward mega-cap technology and AI stocks. Big Tech earnings outlook
• Negative Sentiment: High AI spending remains a risk. Amazon must invest heavily in data centers and computing capacity to serve its backlog, creating uncertainty over near-term margins, depreciation and free cash flow. Investors may also be concerned about intensifying competition from Walmart’s membership strategy and other digital-commerce platforms.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,580,515 in the last 90 days. 8.90% of the stock is currently owned by company insiders.

About Amazon.com

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.

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