Amazon.com, Inc. $AMZN Shares Bought by Ridgewood Investments LLC

Key Points

• Ridgewood Investments increased its Amazon position by 225.3% in the third quarter, purchasing 21,019 additional shares and ending with 30,348 shares valued at approximately $7.56 million.
• Institutional investors own 72.2% of Amazon’s outstanding shares, while the stock recently traded at $262.43 with a market capitalization of about $2.83 trillion.
• Amazon exceeded quarterly expectations with $5.75 in earnings per share and $200.61 billion in revenue, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $322.86.

Ridgewood Investments LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 225.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,348 shares of the e-commerce giant's stock after purchasing an additional 21,019 shares during the period. Amazon.com comprises about 2.6% of Ridgewood Investments LLC's holdings, making the stock its 4th largest position. Ridgewood Investments LLC's holdings in Amazon.com were worth $7,561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Horizons Wealth Management acquired a new stake in shares of Amazon.com in the 3rd quarter valued at about $342,000. Baker Tilly Wealth Management LLC grew its stake in Amazon.com by 9.8% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 29,767 shares of the e-commerce giant's stock worth $7,416,000 after buying an additional 2,648 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its stake in Amazon.com by 1.1% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 753,345 shares of the e-commerce giant's stock worth $187,696,000 after buying an additional 7,927 shares during the last quarter. Bright Rock Capital Management LLC increased its position in Amazon.com by 210.5% during the third quarter. Bright Rock Capital Management LLC now owns 59,000 shares of the e-commerce giant's stock worth $14,700,000 after buying an additional 40,000 shares during the period. Finally, Heartwood Wealth Advisors LLC increased its position in Amazon.com by 2.8% during the third quarter. Heartwood Wealth Advisors LLC now owns 11,837 shares of the e-commerce giant's stock worth $2,949,000 after buying an additional 320 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $262.43 on Monday. The firm's fifty day simple moving average is $258.83 and its 200-day simple moving average is $250.16. 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 stock has a market cap of $2.83 trillion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on AMZN. Raymond James Financial reiterated an "outperform" rating and issued a $390.00 price target (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. Bank of America increased their price target on shares of Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Susquehanna reissued a "positive" rating on shares of Amazon.com in a research report on Tuesday, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of Amazon.com in a research note on Monday, August 3rd. Finally, Citigroup restated a "market outperform" rating on shares of Amazon.com in a research note on Friday, August 14th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $322.86.

More Amazon.com News

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction 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 transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the transaction, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. This trade represents a 1.32% 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. Over the last 90 days, insiders sold 71,589 shares of company stock valued at $18,580,515. Company insiders own 8.90% of the company's stock.

Amazon.com Company 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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