Amazon.com, Inc. $AMZN Shares Bought by Cushing Capital Partners LLC

Key Points

• Cushing Capital Partners increased its Amazon stake by 216.6% in the third quarter, holding 2,992 shares valued at approximately $745,000. Institutional investors and hedge funds collectively own 72.2% of Amazon’s stock.
• Amazon reported third-quarter revenue of $201.94 billion, up 12.1% year over year, but earnings per share of $1.89 missed the $1.97 consensus estimate. Investors remain focused on AWS growth and profitability amid significant AI and data-center spending.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $320.86, although some firms recently lowered targets or ratings. Amazon shares opened at $245.63, while executives have sold shares through pre-arranged trading plans.

Cushing Capital Partners LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 216.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,992 shares of the e-commerce giant's stock after buying an additional 2,047 shares during the quarter. Cushing Capital Partners LLC's holdings in Amazon.com were worth $745,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AMZN. Parkside Investments LLC lifted its stake in shares of Amazon.com by 0.3% in the third quarter. Parkside Investments LLC now owns 71,959 shares of the e-commerce giant's stock worth $17,929,000 after buying an additional 221 shares in the last quarter. Physician Wealth Advisors Inc. increased its stake in Amazon.com by 5.0% during the third quarter. Physician Wealth Advisors Inc. now owns 15,330 shares of the e-commerce giant's stock worth $3,820,000 after acquiring an additional 726 shares during the last quarter. Carnegie Investment Counsel increased its position in shares of Amazon.com by 0.6% during the 3rd quarter. Carnegie Investment Counsel now owns 434,798 shares of the e-commerce giant's stock worth $108,330,000 after purchasing an additional 2,767 shares during the last quarter. Sulzberger Capital Advisors Inc. raised its stake in shares of Amazon.com by 10.0% in the 3rd quarter. Sulzberger Capital Advisors Inc. now owns 8,691 shares of the e-commerce giant's stock valued at $2,165,000 after acquiring an additional 789 shares during the period. Finally, Cohen Investment Advisors LLC raised its position in Amazon.com by 0.6% in the third quarter. Cohen Investment Advisors LLC now owns 35,457 shares of the e-commerce giant's stock valued at $8,834,000 after purchasing an additional 224 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Phillip Securities upgraded Amazon (AMZN) to Buy from Accumulate and raised its price target to $330 from $320, citing strong cloud demand visibility and Amazon’s positioning in artificial intelligence. Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target
• Positive Sentiment: Investors are emphasizing AWS, where revenue reportedly grew 39%, alongside improving operating leverage in Amazon’s retail business. Analysts argue that AWS could become a substantially larger profit and revenue driver over time. Is Amazon Stock a Buy as Cloud Revenue Continues to Surge?
• Positive Sentiment: Additional bullish commentary includes reiterated outperform and buy ratings, with some analysts maintaining targets above $300. Amazon’s broad exposure to e-commerce, advertising, cloud computing and AI supports the long-term investment case. Amazon’s AWS Growth and Profitability Support a Buy Despite Price Target Cut to $300
• Positive Sentiment: Amazon’s $25 Thanksgiving meal bundle with same-day delivery highlights continued efforts to increase grocery convenience and holiday spending, although the direct earnings impact is likely limited. Amazon Offers Same-Day Delivery for Thanksgiving Meals
• Neutral Sentiment: Amazon’s third-quarter revenue rose 12.1% to approximately $201.9 billion, but earnings of $1.89 per share missed the $1.97 consensus estimate. The mixed results explain the recent volatility and leave investors focused on AWS profitability and forward spending.
• Negative Sentiment: Amazon’s aggressive AI and data-center investment plan is expected to pressure free cash flow. A proposed $2 billion Ohio data center also faces local opposition, creating potential delays or additional costs. Amazon’s $2 Billion Data Center Faces Election Day Threat
• Negative Sentiment: Some analysts warn that AI shopping agents could reduce Amazon’s control over product discovery, customer traffic and advertising, posing a longer-term competitive threat. The Shopping Bots Are Coming for Amazon

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Wedbush lowered their target price on Amazon.com from $310.00 to $298.00 and set an "outperform" rating for the company in a report on Friday. Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Telsey Advisory Group reissued an "outperform" rating and issued a $335.00 price objective on shares of Amazon.com in a research note on Friday. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research note on Friday. Finally, Oppenheimer restated an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $320.86.

Amazon.com Trading Up 2.2%

NASDAQ:AMZN opened at $245.63 on Tuesday. The stock has a market cap of $2.65 trillion, a P/E ratio of 19.86, a P/E/G ratio of 1.98 and a beta of 1.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock has a 50-day simple moving average of $254.02 and a 200-day simple moving average of $243.11.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). The company had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.95 EPS. As a group, analysts anticipate that Amazon.com, Inc. will post 8.00 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew Jassy sold 20,000 shares of the business'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 $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the sale, the chief executive officer owned 476,681 shares of the company's stock, valued at approximately $123,465,145.81. This represents a 1.32% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,589 shares of company stock valued at $18,302,125 over the last 90 days. 8.90% of the stock is owned by insiders.

About Amazon.com

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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