2,132 Amazon.com, Inc. $AMZN Shares Bought by Obermeyer Wealth Partners

Key Points

• Obermeyer Wealth Partners increased its Amazon stake by 2,132 shares, or 0.7%, in the third quarter, bringing its holdings to 321,227 shares valued at about $80 million.
• Analysts have a consensus “Moderate Buy” rating on Amazon, with an average price target of $321.74.
• Amazon’s latest quarter missed expectations, reporting EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion estimated; revenue nevertheless rose 12.1% year over year.

Obermeyer Wealth Partners lifted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 321,227 shares of the e-commerce giant's stock after buying an additional 2,132 shares during the period. Amazon.com makes up 3.2% of Obermeyer Wealth Partners' holdings, making the stock its 11th largest position. Obermeyer Wealth Partners' holdings in Amazon.com were worth $80,034,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. KeyCorp set a $345.00 price target on shares of Amazon.com and gave the stock an "overweight" rating in a research report on Friday, October 30th. Wolfe Research reissued an "outperform" rating and issued a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Rosenblatt Securities restated a "buy" rating and set a $360.00 price target on shares of Amazon.com in a report on Friday, October 30th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $335.00 price objective on shares of Amazon.com in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Amazon.com Stock Performance

Shares of AMZN stock opened at $260.21 on Friday. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock's 50-day moving average is $253.89 and its two-hundred day moving average is $243.43. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The firm has a market cap of $2.81 trillion, a P/E ratio of 21.04, a PEG ratio of 2.02 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.08). The firm had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 earnings per share. Analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Amazon.com News Summary

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

• Positive Sentiment: AWS and AI opportunities support the long-term outlook. AWS growth has accelerated, and CEO Andy Jassy has indicated the cloud business could grow around 40% in 2027 and 2028. Amazon’s stake in Anthropic could also gain value if the AI company proceeds with a potential IPO, although the outcome is uncertain. AWS growth outlook Amazon's Anthropic investment
• Positive Sentiment: New customer and shopping features could strengthen Prime. Amazon’s Uber Eats partnership lets Prime members order restaurant meals through Amazon, while expanded Alexa shopping tools add functions for managing subscriptions, billing questions, and lists. These moves may boost engagement, though their near-term financial impact is unclear. Uber Eats partnership Alexa shopping functions
• Neutral Sentiment: Amazon plans to raise U.S. marketplace fulfillment fees by an average of 19 cents per item in 2027. The increase could help offset costs but may add pressure on sellers. Seller fee changes
• Negative Sentiment: Market-wide tech weakness and spending concerns weighed on sentiment. Amazon shares pulled back as a technology selloff erased earlier gains. Investors are also weighing Amazon’s recent earnings miss against substantial AI and data-center investment, which raises concerns about cash flow and the timing of returns—even as AWS demand remains strong. Technology selloff Earnings and spending concerns
• Negative Sentiment: FTC allegations add advertising-related regulatory risk. The FTC alleges Amazon misled advertisers about the reasons for increases in ad prices around major shopping events, potentially adding legal and reputational concerns. FTC allegations

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction on 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 transaction, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their position. 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 three months, insiders sold 71,589 shares of company stock valued at $18,545,595. Insiders own 8.90% of the company's stock.

Amazon.com Profile

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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