Amazon.com, Inc. $AMZN Holdings Increased by Bank & Trust Co

Key Points

• Bank & Trust Co increased its Amazon stake by 81% in the third quarter, adding 5,970 shares to hold 13,340 shares worth approximately $3.32 million. Institutional investors and hedge funds own 72.2% of Amazon’s stock.
• Amazon reported quarterly EPS of $5.75, well above the $1.82 analyst consensus, while revenue rose 19.6% year over year to $200.61 billion. The stock opened at $259.53, down 1.1%, with a 12-month range of $196.00 to $287.20.
• Analyst sentiment remains positive, with 56 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $322.53. However, investors remain focused on the heavy cost of Amazon’s AI infrastructure expansion and its potential impact on cash flow.

Bank & Trust Co increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 81.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,340 shares of the e-commerce giant's stock after purchasing an additional 5,970 shares during the quarter. Amazon.com makes up approximately 1.7% of Bank & Trust Co's investment portfolio, making the stock its 13th largest position. Bank & Trust Co's holdings in Amazon.com were worth $3,324,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. S.E.E.D. Planning Group LLC raised its position in Amazon.com by 8.0% in the third quarter. S.E.E.D. Planning Group LLC now owns 72,399 shares of the e-commerce giant's stock valued at $18,038,000 after purchasing an additional 5,366 shares during the period. Emprise Bank grew its holdings in shares of Amazon.com by 9.5% during the 3rd quarter. Emprise Bank now owns 16,595 shares of the e-commerce giant's stock worth $4,135,000 after purchasing an additional 1,438 shares during the period. MRA Advisory Group grew its holdings in shares of Amazon.com by 13.8% during the 3rd quarter. MRA Advisory Group now owns 16,600 shares of the e-commerce giant's stock worth $4,136,000 after purchasing an additional 2,014 shares during the period. PFW Advisors LLC grew its holdings in shares of Amazon.com by 0.7% during the 3rd quarter. PFW Advisors LLC now owns 6,988 shares of the e-commerce giant's stock worth $1,741,000 after purchasing an additional 47 shares during the period. Finally, McAlister Sweet & Associates Inc. increased its position in shares of Amazon.com by 0.9% during the 3rd quarter. McAlister Sweet & Associates Inc. now owns 29,213 shares of the e-commerce giant's stock worth $7,278,000 after purchasing an additional 268 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Trading Down 1.1%

AMZN opened at $259.53 on Tuesday. The business has a fifty day moving average price of $258.34 and a 200 day moving average price of $250.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The stock has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.03 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. Amazon.com's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.68 EPS. Sell-side analysts expect that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon is reportedly in talks to acquire AI startup Decart for approximately $7 billion. Decart’s software helps developers move workloads between different AI chips, potentially strengthening Amazon Web Services, its custom-chip strategy and its competitive position in generative AI. The deal remains uncertain and could still collapse. Amazon in Talks to Buy AI Startup Decart for Around $7 Billion
• Positive Sentiment: Analyst coverage remains broadly supportive. Reports citing 58 analysts showed no sell ratings, while Cantor Fitzgerald maintained an “overweight” rating and a $310 target, implying substantial upside despite trimming its target from $320. Amazon.com Price Target Lowered to $310 From $320
• Positive Sentiment: Several bullish analyses point to accelerating AWS growth, a growing advertising business and a large cloud backlog as reasons Amazon’s higher-margin businesses could support long-term earnings growth. Why It’s Time to Load Up on Amazon Stock
• Neutral Sentiment: Amazon’s reported AI ambitions include continued work with Anthropic, possible AI-startup investments and a potential satellite-internet bundle with Prime. These initiatives could expand its ecosystem, but they are longer-term opportunities without immediate earnings impact. Amazon Could Bundle Satellite Internet With Prime
• Negative Sentiment: Investors remain concerned about the scale of Amazon’s AI infrastructure spending. Amazon, Microsoft, Meta and Alphabet are expected to spend roughly $750 billion on capital expenditures this year, raising questions about free-cash-flow pressure and the returns on those investments. The Staggering Costs of a Single Data Center
• Negative Sentiment: Amazon is also reportedly considering an $8 billion financing structure for Nvidia AI chips, which could make spending more asset-light but underscores the enormous cost of its AI buildout. Amazon Wants Investors to Finance $8 Billion of Nvidia Chips
• Negative Sentiment: Amazon-specific commentary has highlighted a more challenging economic backdrop and a rating downgrade, while technology stocks broadly declined during the session, adding pressure to AMZN regardless of its company-specific catalysts. Amazon: The Economic Challenge Gets Bigger

Analysts Set New Price Targets

Several analysts recently issued reports on AMZN shares. The Goldman Sachs Group restated a "buy" rating and issued a $375.00 price objective (up from $335.00) on shares of Amazon.com in a report on Friday, July 31st. Rosenblatt Securities lifted their target price on shares of Amazon.com from $335.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, September 30th. Robert W. Baird set a $310.00 target price on Amazon.com and gave the company an "outperform" rating in a research report on Friday, July 31st. Pivotal Research restated a "buy" rating and set a $333.00 price target (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Tigress Financial restated a "buy" rating and set a $385.00 price target (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $322.53.

Insider Activity

In related news, CEO Andrew Jassy sold 20,000 shares of the company'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 transaction of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 S. Garman sold 14,541 shares of Amazon.com stock in a transaction that occurred 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 transaction, the chief executive officer owned 17,794 shares of the company's stock, valued at $4,609,713.64. This 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. In the last three months, insiders sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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