2,748 Amazon.com, Inc. $AMZN Shares Purchased by Smith Chas P & Associates PA Cpas

Key Points

• Smith Chas P & Associates increased its Amazon stake by 1.4%, buying 2,748 shares in the third quarter. It now holds 197,786 shares, valued at about $49.4 million.
• Amazon’s latest quarter missed analyst expectations: earnings were $1.89 per share versus $1.97 expected, and revenue was $201.94 billion versus $202.22 billion forecast. Revenue nevertheless rose 12.1% year over year.
• Company insiders sold 71,589 shares worth about $18.5 million over the past 90 days. Analysts retain a “Moderate Buy” consensus rating, with an average price target of $321.74.

Smith Chas P & Associates PA Cpas increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,786 shares of the e-commerce giant's stock after acquiring an additional 2,748 shares during the quarter. Amazon.com comprises approximately 2.5% of Smith Chas P & Associates PA Cpas' portfolio, making the stock its 16th largest holding. Smith Chas P & Associates PA Cpas' holdings in Amazon.com were worth $49,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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 worth $95,504,904,000 after purchasing an additional 21,398,025 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Amazon.com in the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $16,341,405,000. Amundi boosted its position in shares of Amazon.com by 3.9% in the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock valued at $15,211,393,000 after purchasing an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $12,831,376,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 6,362 shares of the 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 of the company's stock, valued at $123,465,145.81. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the completion of the transaction, the chief financial officer owned 109,207 shares in the company, valued at approximately $28,427,674.17. This trade represents a 5.35% 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 valued at $18,545,595. 8.90% of the stock is owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $260.21 on Friday. The stock's 50-day moving average price is $253.89 and its 200 day moving average price is $243.43. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $2.81 trillion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share 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 for the quarter, compared to analyst estimates of $202.22 billion. During the same period in the previous year, the business posted $1.95 earnings per share. The firm's revenue was up 12.1% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current year.

Key Amazon.com News

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler restated an "overweight" rating on shares of Amazon.com in a research note on Friday, October 30th. Morgan Stanley reduced their price objective on Amazon.com from $350.00 to $335.00 and set an "overweight" rating for the company in a research note on Friday, October 30th. Evercore reissued an "outperform" rating on shares of Amazon.com in a report on Friday, October 30th. Benchmark raised their target price on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, UBS Group reaffirmed a "buy" rating and issued a $348.00 target price (up from $318.00) on shares of Amazon.com in a report on Monday, October 26th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $321.74.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.