21,641 Amazon.com, Inc. $AMZN Shares Bought by Bernardo Wealth Planning LLC

Key Points

• Bernardo Wealth Planning increased its Amazon stake by 108.8% in the third quarter, adding 21,641 shares and bringing its total to 41,536 shares, valued at about $10.35 million.
• Institutional investors own 72.2% of Amazon. The stock has broad analyst support, with a “Moderate Buy” consensus and an average price target of $321.74.
• Amazon’s latest quarterly revenue and EPS came in slightly below analyst estimates, despite year-over-year revenue growth of 12.1%; analysts cited AWS growth potential alongside risks from AI spending and cloud competition.

Bernardo Wealth Planning LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 108.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,536 shares of the e-commerce giant's stock after acquiring an additional 21,641 shares during the quarter. Amazon.com comprises approximately 0.9% of Bernardo Wealth Planning LLC's portfolio, making the stock its 23rd biggest holding. Bernardo Wealth Planning LLC's holdings in Amazon.com were worth $10,349,000 as of its most recent SEC filing.

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

Trending Headlines about Amazon.com

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

• Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
• Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What's Going On With Amazon Stock Monday?
• Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
• Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon's Astro home robot has fans but looks destined for the 'trash heap.' Why it's trying again
• Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.

Insider Activity

In related news, VP Shelley Reynolds sold 2,343 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. The trade was a 1.92% 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 Garman sold 14,541 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares of the company's stock, valued at $4,609,713.64. This trade represents a 44.97% 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 worth $18,545,595. Corporate insiders own 8.90% of the company's stock.

Amazon.com Trading Up 2.9%

Shares of AMZN opened at $266.93 on Tuesday. The firm's 50 day simple moving average is $253.97 and its 200 day simple moving average is $243.74. The company has a market capitalization of $2.89 trillion, a P/E ratio of 21.58, a P/E/G ratio of 2.02 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 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 company had revenue of $201.94 billion during the quarter, compared to analysts' expectations of $202.22 billion. During the same period in the prior year, the firm earned $1.95 EPS. Amazon.com's quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AMZN. Scotiabank decreased their target price on shares of Amazon.com from $325.00 to $300.00 and set a "sector outperform" rating on the stock in a report on Friday, October 30th. Tigress Financial reiterated a "buy" rating and issued a $385.00 target price (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Phillip Securities raised shares of Amazon.com from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, November 2nd. Sanford C. Bernstein restated an "outperform" rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Barclays restated an "overweight" rating and set a $365.00 price target (up from $330.00) 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 issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $321.74.

About Amazon.com

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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