Amazon.com, Inc. $AMZN Position Raised by Corecam Pte. Ltd.

Key Points

• Corecam Pte. Ltd. increased its Amazon stake by 63.5% in the third quarter, adding 10,250 shares to hold 26,390 shares valued at $6.575 million. Amazon represents about 2.7% of its portfolio.
• Amazon’s latest quarter slightly missed analyst expectations, reporting EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion; revenue grew 12.1% year over year.
• Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $321.74. Recent insider sales and risks from AI spending and cloud competition temper the outlook.

Corecam Pte. Ltd. boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 63.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,390 shares of the e-commerce giant's stock after purchasing an additional 10,250 shares during the quarter. Amazon.com comprises approximately 2.7% of Corecam Pte. Ltd.'s portfolio, making the stock its 11th biggest position. Corecam Pte. Ltd.'s holdings in Amazon.com were worth $6,575,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. TOP Private Wealth LLC. purchased a new position in shares of Amazon.com in the 2nd quarter valued at $29,000. Bard Associates Inc. acquired a new stake in Amazon.com during the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC acquired a new stake in Amazon.com during the 2nd quarter worth $33,000. Atomic Invest LLC lifted its position in Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after acquiring an additional 49 shares during the last quarter. Finally, Strategic Wealth Advisors LLC purchased a new stake in Amazon.com in the second quarter valued at $68,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 9,258 shares of the company's 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 sale, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of the stock in a transaction on 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 sale, the chief financial officer directly owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. This represents a 5.35% 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 worth $18,545,595. 8.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Telsey Advisory Group restated an "outperform" rating and issued a $335.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. 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. Evercore reissued an "outperform" rating on shares of Amazon.com in a report on Friday, October 30th. Cantor Fitzgerald decreased their target price on Amazon.com from $310.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, October 30th. Finally, Piper Sandler restated an "overweight" rating on shares of Amazon.com in a research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $321.74.

Amazon.com Stock Performance

NASDAQ AMZN opened at $266.93 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The business's 50-day moving average price is $253.97 and its 200 day moving average price is $243.74. The firm has a market cap of $2.89 trillion, a P/E ratio of 21.58, a P/E/G ratio of 2.02 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $201.94 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company earned $1.95 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
• Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What's Going On With Amazon Stock Monday?
• Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
• Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon's Astro home robot has fans but looks destined for the 'trash heap.' Why it's trying again
• Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.

Amazon.com Company 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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