2,278 Amazon.com, Inc. $AMZN Shares Sold by Net Worth Advisory Group

Key Points

• Net Worth Advisory Group cut its Amazon position by 14.3%, selling 2,278 shares and retaining 13,651 shares valued at approximately $3.39 million.
• Amazon’s third-quarter results missed expectations, with EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion; shares were down 1.4% and opened at $240.35.
• AWS growth remained a major strength, rising 39% year over year, but heavy AI-related capital spending and weaker cash flow have raised investor concerns despite analysts maintaining a broadly bullish consensus rating.

Net Worth Advisory Group decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 13,651 shares of the e-commerce giant's stock after selling 2,278 shares during the period. Amazon.com accounts for approximately 0.8% of Net Worth Advisory Group's portfolio, making the stock its 19th largest holding. Net Worth Advisory Group's holdings in Amazon.com were worth $3,389,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in shares of Amazon.com during the second quarter worth $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com in the second quarter valued at $16,341,405,000. Legal & General Group Plc purchased a new stake in shares of Amazon.com in the second quarter valued at $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Amazon.com in the second quarter valued at $6,631,466,000. Finally, Jupiter Topco LLC acquired a new position in Amazon.com in the second quarter valued at $5,910,083,000. Institutional investors and hedge funds own 72.20% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: AWS growth accelerated significantly. Amazon Web Services revenue rose 39% to approximately $46 billion, its fastest growth in nearly five years. Management said AWS could grow more than 40% annually in 2027 and 2028, supported by AI demand, a large backlog and rising cloud workloads. Analysts including JPMorgan, Canaccord, Monness and RBC maintained bullish ratings or targets, viewing AWS as a potential long-term, trillion-dollar business. AWS growth hits 39 percent
• Positive Sentiment: Amazon continues expanding its AI and adjacent businesses. The company plans to sell its Trainium AI chips externally by late 2027, while Amazon Pharmacy users increased more than 60% year over year and Prime Video reportedly reached profitability. Management also highlighted longer-term opportunities in retail automation, satellite internet and AI infrastructure. Amazon Trainium AI chips
• Neutral Sentiment: Analyst sentiment remains broadly constructive, but targets were trimmed. Several firms reaffirmed Buy or Outperform ratings, with targets generally well above the current trading level. However, Wells Fargo, Morgan Stanley, Wedbush, Scotiabank, Cantor Fitzgerald and others lowered targets, signaling reduced near-term confidence after the earnings release. Amazon price target changes
• Negative Sentiment: Amazon missed both major Q3 estimates. Earnings per share came in at $1.89 versus roughly $1.97–$2.01 expected, while revenue was $201.94 billion compared with about $202.2 billion anticipated. Fourth-quarter revenue guidance was also viewed as soft, raising concerns about holiday-season retail demand. Amazon fourth-quarter guidance
• Negative Sentiment: AI investment is pressuring cash flow and leverage. Amazon spent about $77 billion on property and equipment in Q3 and continues targeting approximately $220 billion in 2026 capital expenditures. Trailing free cash flow fell to a $42.4 billion deficit, while long-term debt increased substantially. Investors are questioning when the spending will generate adequate returns, overshadowing AWS’s strong growth. Amazon AI spending concerns
• Negative Sentiment: Broader technology-sector weakness amplified the selling. Amazon’s report contributed to a wider Nasdaq decline as investors reconsidered whether massive AI infrastructure spending across Big Tech can produce timely profits. Concerns about AI-related debt, cash burn and valuation affected sentiment beyond Amazon itself. Nasdaq and AI spending concerns

Amazon.com Stock Down 1.4%

Shares of NASDAQ:AMZN opened at $240.35 on Friday. The stock has a 50-day simple moving average of $254.28 and a 200-day simple moving average of $243.09. The stock has a market capitalization of $2.59 trillion, a P/E ratio of 19.43, a PEG ratio of 1.87 and a beta of 1.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.08). The business had revenue of $201.94 billion during the quarter, compared to analysts' expectations of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 16.94%. The company's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.95 EPS. Equities analysts forecast that Amazon.com, Inc. will post 8.00 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Matthew Garman sold 14,541 shares of Amazon.com 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. The trade was a 44.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $251.50, for a total transaction of $251,500.00. Following the transaction, the chief executive officer owned 474,681 shares in the company, valued at $119,382,271.50. The trade was a 0.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. Sanford C. Bernstein reiterated an "outperform" rating and set a $320.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Mizuho lifted their price target on Amazon.com from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday. Robert W. Baird set a $310.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Benchmark increased their price objective on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $330.00 price objective on shares of Amazon.com in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $320.86.

Amazon.com Company 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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