50,406 Amazon.com, Inc. $AMZN Shares Purchased by McCollum Christoferson Group LLC

Key Points

• McCollum Christoferson Group LLC increased its Amazon stake by 42.2% in the third quarter, purchasing 50,406 additional shares and bringing its holdings to 169,911 shares. Institutional investors own approximately 72.2% of Amazon.
• Amazon’s growth outlook is supported by strong AWS momentum, artificial-intelligence investments, advertising and holiday e-commerce demand, but investors remain concerned about roughly $220 billion in AI spending and its impact on near-term free cash flow.
• Analysts maintain a bullish view, with a consensus “Moderate Buy” rating and a $322.53 price target. Amazon’s third-quarter results, scheduled for October 29, are expected to be a major catalyst, particularly for AWS growth, capital expenditures and margins.

McCollum Christoferson Group LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 42.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,911 shares of the e-commerce giant's stock after acquiring an additional 50,406 shares during the quarter. McCollum Christoferson Group LLC's holdings in Amazon.com were worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. TOP Private Wealth LLC. bought a new stake in Amazon.com in the 2nd quarter worth approximately $29,000. Bard Associates Inc. purchased a new stake in Amazon.com during the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC purchased a new stake in Amazon.com during the 2nd quarter valued at $33,000. Atomic Invest LLC lifted its holdings in shares of Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after buying an additional 49 shares during the period. Finally, Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com during the 4th quarter valued at $45,000. 72.20% of the stock is currently owned by institutional investors.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS remains the central growth and profit driver. Amazon’s cloud business grew at its fastest pace in 18 quarters during the second quarter, and investors will focus closely on whether that momentum continued. Strong AWS growth could support a higher valuation. Amazon earnings outlook
• Positive Sentiment: Analysts continue to view Amazon as a major beneficiary of AI adoption through AWS, custom chips and related products. The company’s AI initiatives could improve future cash flow, while strong holiday e-commerce demand and a growing advertising business provide additional support. Amazon AI cash flow outlook
• Positive Sentiment: Amazon’s acquisition of Bee is expanding its consumer AI strategy. New Bee Frontier and Bee Eclipse devices, along with a paid software tier, give the company new opportunities in hardware, subscriptions and AI-assisted shopping. Amazon Bee AI devices
• Neutral Sentiment: Amazon has scheduled its third-quarter results and conference call for Oct. 29. The report is likely to be the next major catalyst, particularly for AWS growth, capital expenditures, operating margins and management’s AI investment outlook. Amazon earnings announcement
• Negative Sentiment: Broad technology stocks are under pressure as inflation concerns increase expectations for higher interest rates, prompting investors to favor value and dividend-paying sectors. That market-wide rotation is weighing on mega-cap technology names, including AMZN. Technology sector decline
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion AI commitment and rising capital expenditures may pressure near-term free cash flow. Capacity constraints and potentially falling AI-compute pricing add to doubts about the return on that spending.
• Negative Sentiment: Elon Musk’s proposal for an “X Shop” or “Grokazon” introduces a potential long-term competitive risk after Amazon blocked some AI shopping agents. The issue could encourage rivals to challenge Amazon’s position in agent-driven commerce. Potential Amazon rival

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMZN. KeyCorp restated an "overweight" rating on shares of Amazon.com in a research note on Thursday. Citizens Jmp reiterated a "market outperform" rating and set a $315.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Cantor Fitzgerald reduced their price objective on Amazon.com from $320.00 to $310.00 and set an "overweight" rating for the company in a research report on Monday, October 12th. Robert W. Baird set a $310.00 target price on Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research report on Friday, August 14th. Fifty-six equities research 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.53.

Amazon.com Stock Performance

Shares of AMZN stock opened at $250.00 on Monday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The firm has a fifty day moving average price of $256.75 and a 200-day moving average price of $251.92. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The company has a market cap of $2.70 trillion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.93 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same period in the prior year, the business posted $1.68 EPS. Amazon.com's revenue was up 19.6% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 8.02 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 6,172 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the sale, the chief financial officer owned 109,207 shares in the company, valued at $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the transaction, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% 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. Insiders sold 71,589 shares of company stock valued at $18,580,515 in the last ninety days. Corporate insiders own 8.90% of the company's stock.

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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