Amazon.com, Inc. $AMZN Shares Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its Amazon stake by 1.8% in the third quarter, adding 41,788 shares for a total of 2.32 million shares valued at approximately $577.1 million. Amazon represents about 2.8% of the firm’s portfolio, while institutional investors own 72.2% of the stock.
• Analysts remain broadly bullish on Amazon. Fifty-seven analysts rate the stock a Buy and three rate it a Hold, producing a consensus “Moderate Buy” rating and an average price target of $322.53.
• Amazon’s latest quarterly results exceeded expectations, with EPS of $5.75 versus a $1.82 estimate and revenue of $200.61 billion, up 19.6% year over year. However, CEO Andy Jassy, CFO Brian Olsavsky and other insiders sold shares worth a combined $18.6 million over the past three months.

Fort Washington Investment Advisors Inc. OH grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,316,400 shares of the e-commerce giant's stock after buying an additional 41,788 shares during the quarter. Amazon.com makes up approximately 2.8% of Fort Washington Investment Advisors Inc. OH's portfolio, making the stock its 8th largest position. Fort Washington Investment Advisors Inc. OH's holdings in Amazon.com were worth $577,131,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMZN. BMO Capital Markets restated an "outperform" rating on shares of Amazon.com in a report on Tuesday. Wells Fargo & Company set a $329.00 target price on Amazon.com and gave the stock an "overweight" rating in a research report on Monday, October 12th. Needham & Company LLC reiterated a "buy" rating and set a $300.00 price target on shares of Amazon.com in a report on Friday, July 31st. Cantor Fitzgerald dropped their price target on Amazon.com from $320.00 to $310.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. Finally, Roth Capital reissued a "buy" rating and set a $325.00 price target on shares of Amazon.com in a research report on Monday, August 3rd. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $322.53.

Amazon.com Stock Down 4.6%

AMZN stock opened at $250.38 on Friday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.70 trillion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.03 and a beta of 1.45. The company has a 50 day moving average of $255.85 and a two-hundred day moving average of $253.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its 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. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same quarter last year, the business posted $1.68 EPS. The company's revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, CFO Brian T. Olsavsky sold 6,172 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the transaction, the chief financial officer owned 109,207 shares in the company, valued at $28,427,674.17. This trade represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,580,515 in the last three months. Company insiders own 8.90% of the company's stock.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Strong AWS and AI growth remain the central bull case. AWS is reportedly expanding at its fastest pace in 18 quarters, while Amazon’s custom Trainium chips are being made available to PyTorch developers. Analysts see cloud growth, advertising, operating leverage and AI infrastructure as potential drivers of substantial long-term upside. Amazon AI growth and upside analysis
• Positive Sentiment: Institutional and analyst support provided a counterpoint. Morgan Stanley named Amazon a top pick and raised its price target, while Citadel increased its Amazon position. Jefferies also said warehouse automation and Amazon’s logistics network could improve retail margins over time. Citadel Amazon stake and AI bubble article
• Positive Sentiment: Amazon continues to expand strategic growth opportunities. The company is involved in a proposed 960-megawatt nuclear project in Indiana, and data indicate it is gaining fresh-grocery market share from traditional supermarkets. Amazon nuclear energy project
• Neutral Sentiment: Third-quarter results are the immediate focus. Wall Street expects earnings growth, but investors are watching AWS growth, operating margins, free cash flow and management’s outlook for capital expenditures. The company’s recent spending plans reportedly approach $200 billion to $220 billion, making the earnings call particularly important. Amazon earnings preview
• Negative Sentiment: AI investment is raising return-on-capital concerns. Reports say some Nvidia-powered server racks purchased by Amazon are sitting idle because data centers lack sufficient electricity, while Amazon has also abandoned a planned Virginia data-center campus. Such developments could delay monetization of its massive infrastructure spending. Amazon Nvidia chips and data-center power report
• Negative Sentiment: Competitive, regulatory and labor risks remain overhangs. Debate over whether AI is in a bubble, Walmart’s more open approach to AI-agent commerce, a proposed bill targeting subsidies for large AI data centers, and renewed Teamsters pressure on delivery rules could increase uncertainty or costs. Amazon and Walmart AI-agent commerce article

Amazon.com Profile

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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