2,014 Amazon.com, Inc. $AMZN Shares Purchased by MRA Advisory Group

Key Points

• MRA Advisory Group increased its Amazon stake by 13.8% in the third quarter, purchasing 2,014 additional shares and bringing its holdings to 16,600 shares valued at approximately $4.14 million.
• Institutional investors and hedge funds own 72.2% of Amazon, while insiders own 8.9%; company insiders sold 71,589 shares worth roughly $18.6 million during the last quarter under pre-arranged trading plans.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds, alongside a $322.53 average price target. Amazon also reported quarterly earnings and revenue above expectations, though investors remain concerned about the heavy spending required for its AI infrastructure.

MRA Advisory Group increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,600 shares of the e-commerce giant's stock after acquiring an additional 2,014 shares during the period. Amazon.com makes up about 1.5% of MRA Advisory Group's portfolio, making the stock its 25th biggest holding. MRA Advisory Group's holdings in Amazon.com were worth $4,136,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Silvant Capital Management LLC purchased a new stake in shares of Amazon.com in the second quarter worth about $60,065,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Amazon.com during the 2nd quarter worth about $909,868,000. Northstar Financial Companies Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter worth about $3,376,000. Gryphon Financial Partners LLC boosted its stake in shares of Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after acquiring an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in shares of Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock valued at $63,285,000 after acquiring an additional 5,104 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $251.50, for a total value of $251,500.00. Following the transaction, the chief executive officer owned 474,681 shares of the company's stock, valued at $119,382,271.50. This trade represents a 0.21% 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. Over the last quarter, insiders sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Oppenheimer reissued an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. Tigress Financial reiterated a "buy" rating and set a $385.00 price target (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Susquehanna reissued a "positive" rating on shares of Amazon.com in a research note on Tuesday, October 6th. Barclays restated an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Benchmark raised their price objective on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $322.53.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $259.53 on Tuesday. The firm has a market cap of $2.80 trillion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The business's fifty day simple moving average is $258.34 and its 200-day simple moving average is $250.53. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. Amazon.com's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 8.03 earnings per share for the current year.

Key Amazon.com News

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

• Positive Sentiment: Amazon is reportedly in talks to acquire AI startup Decart for approximately $7 billion. Decart’s software helps developers move workloads between different AI chips, potentially strengthening Amazon Web Services, its custom-chip strategy and its competitive position in generative AI. The deal remains uncertain and could still collapse. Amazon in Talks to Buy AI Startup Decart for Around $7 Billion
• Positive Sentiment: Analyst coverage remains broadly supportive. Reports citing 58 analysts showed no sell ratings, while Cantor Fitzgerald maintained an “overweight” rating and a $310 target, implying substantial upside despite trimming its target from $320. Amazon.com Price Target Lowered to $310 From $320
• Positive Sentiment: Several bullish analyses point to accelerating AWS growth, a growing advertising business and a large cloud backlog as reasons Amazon’s higher-margin businesses could support long-term earnings growth. Why It’s Time to Load Up on Amazon Stock
• Neutral Sentiment: Amazon’s reported AI ambitions include continued work with Anthropic, possible AI-startup investments and a potential satellite-internet bundle with Prime. These initiatives could expand its ecosystem, but they are longer-term opportunities without immediate earnings impact. Amazon Could Bundle Satellite Internet With Prime
• Negative Sentiment: Investors remain concerned about the scale of Amazon’s AI infrastructure spending. Amazon, Microsoft, Meta and Alphabet are expected to spend roughly $750 billion on capital expenditures this year, raising questions about free-cash-flow pressure and the returns on those investments. The Staggering Costs of a Single Data Center
• Negative Sentiment: Amazon is also reportedly considering an $8 billion financing structure for Nvidia AI chips, which could make spending more asset-light but underscores the enormous cost of its AI buildout. Amazon Wants Investors to Finance $8 Billion of Nvidia Chips
• Negative Sentiment: Amazon-specific commentary has highlighted a more challenging economic backdrop and a rating downgrade, while technology stocks broadly declined during the session, adding pressure to AMZN regardless of its company-specific catalysts. Amazon: The Economic Challenge Gets Bigger

About Amazon.com

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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