35,621 Amazon.com, Inc. $AMZN Shares Purchased by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. increased its Amazon stake by 4.4%, buying 35,621 shares in the third quarter to hold 842,620 shares valued at about $209.9 million.
• Amazon’s latest quarter came in slightly below expectations: earnings were $1.89 per share versus a $1.97 consensus, and revenue was $201.94 billion versus an estimated $202.22 billion. Revenue nevertheless grew 12.1% year over year.
• Analysts maintain a “Moderate Buy” consensus on Amazon, with an average price target of $321.74; insiders have sold 71,589 shares worth about $18.5 million over the past 90 days.

Oppenheimer & Co. Inc. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 842,620 shares of the e-commerce giant's stock after acquiring an additional 35,621 shares during the quarter. Amazon.com comprises approximately 2.2% of Oppenheimer & Co. Inc.'s portfolio, making the stock its 4th largest holding. Oppenheimer & Co. Inc.'s holdings in Amazon.com were worth $209,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Red Crane Wealth Management LLC grew its stake in Amazon.com by 2.3% during the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock worth $346,000 after buying an additional 38 shares during the last quarter. Stegent Equity Advisors Inc. lifted its stake in Amazon.com by 2.7% in the third quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant's stock valued at $364,000 after buying an additional 39 shares during the last quarter. Robinson Smith Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 0.7% in the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock valued at $1,147,000 after acquiring an additional 40 shares during the period. Sfam LLC boosted its holdings in shares of Amazon.com by 3.4% in the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant's stock valued at $255,000 after acquiring an additional 40 shares during the period. Finally, Measured Risk Portfolios Inc. grew its position in shares of Amazon.com by 3.4% during the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant's stock worth $251,000 after acquiring an additional 40 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 9,258 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the transaction, the senior vice president directly owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the firm's stock in a transaction that occurred 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 sale, the vice president directly owned 119,780 shares of the company's stock, valued at $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,545,595 over the last 90 days. Insiders own 8.90% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN opened at $267.44 on Friday. The stock has a market capitalization of $2.89 trillion, a P/E ratio of 21.62, 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 quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company's fifty day moving average is $254.66 and its two-hundred day moving average is $244.21.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its 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). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. During the same quarter last year, the business posted $1.95 EPS. The firm's revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Friday, October 30th. DA Davidson set a $250.00 price target on shares of Amazon.com and gave the stock a "neutral" rating in a research note on Friday, October 30th. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $329.00 to $326.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. Truist Financial set a $390.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Finally, Monness Crespi & Hardt increased their target price on shares of Amazon.com from $315.00 to $330.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.74.

Key Headlines Impacting Amazon.com

These are some of the AMZN headlines that stood out recently:

• Neutral Sentiment: Amazon shared progress on its $2.5 billion Future Ready 2030 skills-training commitment. The program may support workforce development and hiring over time, but its direct near-term financial impact is unclear. Amazon Future Ready 2030 update
• Negative Sentiment: Risks include pushback from Eastern Washington residents over water use and transparency tied to a proposed data-center campus. Separately, Amazon’s planned roughly $220 billion in 2026 capital spending is weighing on free cash flow, even as the company invests to meet AI demand. Amazon data center plan draws protests Will Rising AI Capex Weigh on Amazon’s Free Cash Flow?
• Negative Sentiment: Amazon also faces legal overhangs: Italian prosecutors are pursuing an investigation into alleged unpaid import VAT and customs duties, and a U.S. court certified a class action alleging biometric-data violations involving Amazon Photos. Outcomes and potential financial exposure remain uncertain. Amazon Could Face Trial in Italy Over Unpaid Import VAT Class action over alleged Amazon Photos biometric-data collection

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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