26,448 Amazon.com, Inc. $AMZN Shares Purchased by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management increased its Amazon stake by 30.6% in the third quarter, purchasing 26,448 shares for a total holding of 112,796 shares valued at approximately $28.1 million.
• Amazon has strong institutional and analyst support: institutional investors own 72.2% of the stock, while 57 analysts rate it a Buy and three rate it a Hold. The consensus rating is “Moderate Buy,” with a $322.53 price target.
• Investors are focused on AWS and AI-driven growth ahead of Amazon’s October 29 earnings report, though the company’s $220 billion investment plan, negative free cash flow and data-center power constraints pose near-term risks.

WealthPlan Investment Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 30.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 112,796 shares of the e-commerce giant's stock after purchasing an additional 26,448 shares during the quarter. Amazon.com accounts for approximately 1.3% of WealthPlan Investment Management LLC's investment portfolio, making the stock its 18th biggest position. WealthPlan Investment Management LLC's holdings in Amazon.com were worth $28,103,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in Amazon.com by 5.5% in 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 acquiring an additional 21,398,025 shares during the last quarter. Bank of America Corp DE acquired a new position in Amazon.com during 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 worth about $16,341,405,000. Amundi lifted its holdings 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 worth $15,211,393,000 after acquiring an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Amazon.com in the second quarter worth about $12,831,376,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Telsey Advisory Group set a $335.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Mizuho set a $330.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research report on Friday, July 31st. Citizens Jmp reaffirmed a "market outperform" rating and set a $315.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Finally, Yorkville Ives initiated coverage on shares of Amazon.com in a research note on Monday, October 19th. They set an "outperform" rating and a $300.00 target price on the stock. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $322.53.

More Amazon.com News

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon's $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Amazon.com Stock Down 1.0%

Shares of NASDAQ AMZN opened at $248.00 on Friday. The company has a 50 day simple moving average of $255.56 and a 200 day simple moving average of $253.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The firm has a market cap of $2.68 trillion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.06 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same period in the previous year, the firm posted $1.68 EPS. The company's revenue for the quarter was up 19.6% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 7.55 EPS for the current year.

Insider Activity

In other news, SVP David Zapolsky sold 9,258 shares of Amazon.com 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 approximately $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Douglas Herrington sold 6,362 shares of the business'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 $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This represents a 1.32% 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. In the last three months, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is currently owned by company insiders.

About Amazon.com

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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