7,442 Amazon.com, Inc. $AMZN Shares Acquired by Farmers & Merchants Investments Inc.

Key Points

• Farmers & Merchants Investments increased its Amazon stake by 4.3% in the third quarter, buying 7,442 shares to hold 178,820 shares worth about $44.6 million. Other institutional investors also added to positions; institutions own 72.2% of Amazon shares.
• Amazon’s latest quarter showed year-over-year revenue growth of 12.1%, but EPS and revenue both came in slightly below analyst expectations. Analysts’ consensus rating is Moderate Buy, with an average price target of $321.74.
• Investors are weighing long-term growth prospects in AWS and advertising against near-term concerns about AI and data-center spending, cash flow, and possible higher infrastructure costs.

Farmers & Merchants Investments Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,820 shares of the e-commerce giant's stock after buying an additional 7,442 shares during the quarter. Amazon.com comprises about 1.0% of Farmers & Merchants Investments Inc.'s holdings, making the stock its 24th largest position. Farmers & Merchants Investments Inc.'s holdings in Amazon.com were worth $44,553,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. NORTHSTAR ASSET MANAGEMENT Co lifted its holdings in Amazon.com by 0.8% during the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 12,011 shares of the e-commerce giant's stock worth $3,151,000 after purchasing an additional 90 shares in the last quarter. Lighthouse Financial LLC boosted its stake in Amazon.com by 5.8% in the 3rd quarter. Lighthouse Financial LLC now owns 27,160 shares of the e-commerce giant's stock worth $6,767,000 after purchasing an additional 1,493 shares during the period. Towercrest Capital Management grew its holdings in Amazon.com by 8.9% during the 3rd quarter. Towercrest Capital Management now owns 5,330 shares of the e-commerce giant's stock valued at $1,328,000 after buying an additional 437 shares in the last quarter. Baypointe Partners LLC purchased a new position in Amazon.com during the 3rd quarter valued at about $747,000. Finally, Capital Investment Advisors LLC increased its position in shares of Amazon.com by 2.4% during the third quarter. Capital Investment Advisors LLC now owns 306,555 shares of the e-commerce giant's stock valued at $76,378,000 after buying an additional 7,139 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $259.30 on Monday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. 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 firm has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.97 and a beta of 1.49. The business has a 50-day moving average of $253.96 and a 200-day moving average of $243.57.

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 analysts' consensus estimates of $1.97 by ($0.08). The firm had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the transaction, the chief executive officer owned 476,681 shares in the company, valued at approximately $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 71,589 shares of company stock valued at $18,545,595. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Amazon.com from $350.00 to $335.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Wells Fargo & Company lowered their target price on shares of Amazon.com from $329.00 to $326.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. Finally, Tigress Financial reissued a "buy" rating and issued a $385.00 price target (up from $315.00) on shares of Amazon.com in a report on Tuesday, October 6th. Two research 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $321.74.

More 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 Profile

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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