1,874 Amazon.com, Inc. $AMZN Shares Sold by Bradley & Co. Private Wealth Management LLC

Key Points

• Bradley & Co. trimmed its Amazon stake by 1,874 shares, or 3.7%, in the third quarter. It still held 48,607 shares valued at about $12.1 million, representing 5.5% of its portfolio.
• Amazon reported quarterly revenue of $201.94 billion, up 12.1% year over year, but it fell slightly short of analysts’ expectations; EPS of $1.89 also missed the $1.97 consensus.
• AWS growth and a $578 billion backlog support Amazon’s AI investment case, though substantial infrastructure spending could pressure cash flow if demand takes longer to deliver returns.

Bradley & Co. Private Wealth Management LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,607 shares of the e-commerce giant's stock after selling 1,874 shares during the quarter. Amazon.com makes up approximately 5.5% of Bradley & Co. Private Wealth Management LLC's investment portfolio, making the stock its 7th largest position. Bradley & Co. Private Wealth Management LLC's holdings in Amazon.com were worth $12,111,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AMZN. Kingswood Wealth Advisors LLC lifted its position in shares of Amazon.com by 1.6% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 154,222 shares of the e-commerce giant's stock worth $38,424,000 after purchasing an additional 2,410 shares during the period. Straight Path Wealth Management bought a new stake in shares of Amazon.com in the 3rd quarter valued at $341,000. Broadway Wealth Solutions Inc. increased its position in shares of Amazon.com by 4.0% during the third quarter. Broadway Wealth Solutions Inc. now owns 9,416 shares of the e-commerce giant's stock worth $2,346,000 after buying an additional 358 shares during the period. Financial Management Professionals Inc. increased its position in shares of Amazon.com by 0.9% during the third quarter. Financial Management Professionals Inc. now owns 12,342 shares of the e-commerce giant's stock worth $3,075,000 after buying an additional 112 shares during the period. Finally, Total Wealth Planning & Management Inc. increased its position in shares of Amazon.com by 0.6% during the third quarter. Total Wealth Planning & Management Inc. now owns 13,607 shares of the e-commerce giant's stock worth $3,390,000 after buying an additional 75 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Up 1.5%

NASDAQ AMZN opened at $270.87 on Wednesday. The company has a market cap of $2.93 trillion, a price-to-earnings ratio of 36.67, a P/E/G ratio of 2.03 and a beta of 1.49. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The business has a 50 day moving average price of $254.19 and a 200-day moving average price of $243.93. 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 (NASDAQ:AMZN - Get Free Report) last issued its earnings results 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). 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 during the quarter, compared to the consensus estimate of $202.22 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. Amazon.com's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS growth and backlog support the AI investment case. AWS revenue grew 39.3% in the latest quarter, its fastest pace in nearly five years, while its reported backlog reached $578 billion. That contracted demand may help justify Amazon’s substantial infrastructure investment. Article: Andy Jassy Just Delivered Great News for Amazon Stock Investors
• Positive Sentiment: Anthropic’s planned IPO could highlight the value of Amazon’s stake and cloud relationship. Reports describe Amazon as a major investor and cloud provider to Anthropic; the proposed offering could put a substantial valuation on its stake, while Anthropic’s infrastructure commitments could also generate AWS business. Any stake valuation remains a paper estimate until shares trade. Article: Amazon and Google Will See Big Paydays from Anthropic IPO
• Positive Sentiment: UK approval expands Amazon’s drone-delivery opportunity. Regulatory clearance allows Amazon to extend eligible deliveries in Darlington to about 8,000 customers, providing a potential route to faster service and more efficient fulfillment. Article: UK aviation regulator clears Amazon for expanded drone delivery
• Neutral Sentiment: Ring’s new home-security devices and Amazon’s holiday promotions add product and seasonal-sales visibility, but their financial contribution is not yet clear. Article: Amazon's Ring launches flying camera, autonomous security robot
• Negative Sentiment: AI infrastructure spending remains a key risk. Amazon’s large capital-spending plans could pressure cash flow if cloud and AI demand do not translate into returns quickly enough; data-center power, permitting and cost concerns add uncertainty. Article: Amazon Faces a $1.2 Trillion AI Spending Question
• Negative Sentiment: Amazon agreed to pay $3 million to Arizona Prime members to resolve allegations related to its subscription-cancellation process, a modest financial cost but a potential reputational and regulatory concern. Article: Amazon agrees to pay $3M to Arizona Prime members

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AMZN shares. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Rosenblatt Securities reaffirmed a "buy" rating and set a $360.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Barclays reiterated an "overweight" rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Phillip Securities raised Amazon.com from a "moderate buy" rating to a "strong-buy" rating in a research report on Monday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $325.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the company's stock in a transaction on 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 owned 17,794 shares in the company, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. This trade represents a 1.32% decrease in their ownership of the stock. 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 90 days, insiders have sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is currently owned by insiders.

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.

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