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Amazon.com, Inc. $AMZN Shares Acquired by Aberdeen Group plc

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Key Points

  • Aberdeen Group plc raised its Amazon stake by 3.9% in Q3, buying 423,520 shares to hold 11,192,736 shares (about $2.45 billion), making AMZN its 4th-largest position and ~3.9% of the fund's portfolio.
  • Insiders have been net sellers: CEO Matthew S. Garman sold 17,751 shares and insiders disposed of 71,686 shares worth ~$14.69M over the past three months, while institutional investors own roughly 72.2% of the stock.
  • Amazon shares opened at $213.31 (down ~2.6%); the company slightly missed EPS expectations while revenue rose 13.6%, and analysts remain broadly positive (consensus "Moderate Buy" target ~$287) amid AWS AI momentum but with risks from outages, regional data‑center attacks and recent robotics job cuts.
  • Five stocks we like better than Amazon.com.

Aberdeen Group plc raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,192,736 shares of the e-commerce giant's stock after purchasing an additional 423,520 shares during the period. Amazon.com accounts for approximately 3.9% of Aberdeen Group plc's investment portfolio, making the stock its 4th biggest position. Aberdeen Group plc owned approximately 0.10% of Amazon.com worth $2,449,922,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Weil Company Inc. boosted its stake in shares of Amazon.com by 1.6% in the 3rd quarter. Weil Company Inc. now owns 7,677 shares of the e-commerce giant's stock valued at $1,686,000 after purchasing an additional 118 shares in the last quarter. Berkshire Asset Management LLC PA increased its position in Amazon.com by 5.8% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 37,542 shares of the e-commerce giant's stock worth $8,243,000 after purchasing an additional 2,054 shares in the last quarter. GF Fund Management CO. LTD. lifted its stake in Amazon.com by 1.5% in the 3rd quarter. GF Fund Management CO. LTD. now owns 1,167,968 shares of the e-commerce giant's stock valued at $256,451,000 after purchasing an additional 17,648 shares during the last quarter. Coronation Fund Managers Ltd. boosted its position in Amazon.com by 0.4% in the third quarter. Coronation Fund Managers Ltd. now owns 316,388 shares of the e-commerce giant's stock valued at $69,469,000 after buying an additional 1,333 shares in the last quarter. Finally, New Harbor Financial Group LLC grew its stake in shares of Amazon.com by 69.7% during the third quarter. New Harbor Financial Group LLC now owns 2,138 shares of the e-commerce giant's stock worth $469,000 after buying an additional 878 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Trending Headlines about Amazon.com

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Amazon.com Stock Down 2.6%

Shares of NASDAQ:AMZN opened at $213.31 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The business's 50 day simple moving average is $224.83 and its two-hundred day simple moving average is $227.21. The firm has a market cap of $2.29 trillion, a P/E ratio of 29.75, a PEG ratio of 1.64 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The business had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. During the same period in the previous year, the business posted $1.86 EPS. The business's revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the sale, the chief executive officer directly owned 9,405 shares of the company's stock, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $204.25, for a total transaction of $204,250.00. Following the transaction, the chief executive officer directly owned 521,361 shares in the company, valued at $106,487,984.25. This represents a 0.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 71,686 shares of company stock valued at $14,688,739 in the last three months. Insiders own 9.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Arete Research increased their price target on Amazon.com from $283.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Daiwa Securities Group lowered their target price on Amazon.com from $300.00 to $280.00 and set a "buy" rating for the company in a report on Wednesday, February 11th. Roth Mkm reiterated a "buy" rating and issued a $295.00 target price (up from $270.00) on shares of Amazon.com in a research report on Monday, January 26th. DZ Bank upgraded Amazon.com to a "strong-buy" rating in a report on Friday, February 6th. Finally, Barclays reaffirmed a "buy" rating on shares of Amazon.com in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $287.29.

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Amazon.com Company Profile

(Free Report)

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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