3,969 Amazon.com, Inc. $AMZN Shares Purchased by Yousif Capital Management LLC

Key Points

• Yousif Capital Management increased its Amazon stake by 3,969 shares, or 0.4%, to 971,254 shares valued at about $242 million; Amazon is 2.6% of its portfolio and its fourth-largest holding.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $321.74. UBS raised its target to $348, while other firms set targets ranging from $250 to $333.
• Amazon’s latest quarterly revenue rose 12.1% year over year to $201.94 billion, but revenue and EPS both narrowly missed consensus estimates. Investors are also weighing potential AWS and advertising growth against AI infrastructure spending and cash-flow concerns.

Yousif Capital Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 971,254 shares of the e-commerce giant's stock after purchasing an additional 3,969 shares during the period. Amazon.com makes up about 2.6% of Yousif Capital Management LLC's portfolio, making the stock its 4th biggest position. Yousif Capital Management LLC's holdings in Amazon.com were worth $241,988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Asset Management LLC grew its position in Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after acquiring an additional 3,414 shares during the last quarter. TOP Private Wealth LLC. acquired a new position in Amazon.com during the second quarter worth about $29,000. Bard Associates Inc. bought a new position in shares of Amazon.com in the second quarter worth about $32,000. Longfellow Investment Management Co. LLC bought a new position in shares of Amazon.com in the second quarter worth about $33,000. Finally, Atomic Invest LLC lifted its holdings in shares of Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. UBS Group reaffirmed a "buy" rating and set a $348.00 price target (up from $318.00) on shares of Amazon.com in a report on Monday, October 26th. Evercore reissued an "outperform" rating on shares of Amazon.com in a research note on Friday, October 30th. Pivotal Research reissued a "buy" rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. DA Davidson set a $250.00 target price on shares of Amazon.com and gave the company a "neutral" rating in a research report on Friday, October 30th. Finally, 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 research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $321.74.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% 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 Matthew Garman sold 14,541 shares of the business'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 sale, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. This represents a 44.97% 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 90 days, insiders sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is currently owned by insiders.

Key Amazon.com News

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

• Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon's CEO Andy Jassy Just Announced Huge News for Amazon Investors
• Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I'd Buy Right Now
• Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
• Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
• Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

Amazon.com Stock Performance

NASDAQ:AMZN opened at $259.30 on Friday. The stock has a market cap of $2.80 trillion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The stock's 50-day moving average is $253.96 and its 200-day moving average is $243.57. 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 issued its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. During the same quarter last year, the business earned $1.95 EPS. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

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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