Amazon.com, Inc. $AMZN Shares Newly Bought by Geneva Partners LLC

Key Points

• Geneva Partners LLC opened a new Amazon position in the third quarter, buying 30,251 shares valued at about $7.54 million. The stock represents 2.3% of its portfolio.
• Amazon CEO Matthew Garman and CFO Brian Olsavsky sold shares under pre-arranged trading plans; insiders sold 71,589 shares worth about $18.5 million over the past three months.
• Amazon’s latest quarterly results slightly missed analyst estimates for earnings and revenue, though sales rose 12.1% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $321.74.

Geneva Partners LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 30,251 shares of the e-commerce giant's stock, valued at approximately $7,537,000. Amazon.com comprises 2.3% of Geneva Partners LLC's investment portfolio, making the stock its 19th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Red Crane Wealth Management LLC boosted its holdings in Amazon.com by 2.3% in the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock valued at $346,000 after purchasing an additional 38 shares during the last quarter. Stegent Equity Advisors Inc. raised its stake in shares of Amazon.com by 2.7% during the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant's stock valued at $364,000 after buying an additional 39 shares during the last quarter. Robinson Smith Wealth Advisors LLC raised its stake in shares of Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock valued at $1,147,000 after buying an additional 40 shares during the last quarter. Sfam LLC raised its stake in shares of Amazon.com by 3.4% during the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant's stock valued at $255,000 after buying an additional 40 shares during the last quarter. Finally, Measured Risk Portfolios Inc. lifted its holdings in shares of Amazon.com by 3.4% in the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant's stock valued at $251,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In related news, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares in the company, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 109,207 shares in the company, valued at approximately $28,427,674.17. The trade was 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 have sold a total of 71,589 shares of company stock worth $18,545,595 in the last three months. 8.90% of the stock is currently owned by corporate insiders.

Top Amazon.com Stories

Investors following AMZN have been watching these stories:

• Positive Sentiment: AWS growth and backlog support the investment case. AWS grew 39.3% in the latest quarter, its fastest pace in nearly five years, and has a reported $578 billion backlog. That demand could help justify Amazon’s major AI infrastructure buildout. AWS growth and backlog article
• Positive Sentiment: Amazon received a Stock Grader upgrade. Its rating moved from Weak to Neutral, with return on equity and analyst earnings revisions identified as strengths, although several growth and cash-flow measures remained weak. Stock Grader article
• Negative Sentiment: AI spending is pressuring free cash flow. Amazon expects approximately $220 billion in 2026 capital expenditures, and its AI buildout has pushed free cash flow into negative territory. Investors may remain cautious until spending translates into returns. AI capital expenditures article

Wall Street Analyst Weigh In

Several research firms recently commented on AMZN. DA Davidson set a $250.00 target price on Amazon.com and gave the stock a "neutral" rating in a report on Friday, October 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Amazon.com in a report on Friday, October 30th. Rosenblatt Securities reissued a "buy" rating and issued a $360.00 price target on shares of Amazon.com in a report on Friday, October 30th. Benchmark upped their price objective on Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Barclays restated an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $321.74.

Amazon.com Trading Down 1.7%

Shares of AMZN opened at $266.17 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $2.88 trillion, a P/E ratio of 21.52, a P/E/G ratio of 2.06 and a beta of 1.49. The firm has a 50-day moving average price of $254.41 and a 200 day moving average price of $244.06. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results 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). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm had revenue of $201.94 billion for the quarter, compared to analysts' expectations of $202.22 billion. During the same period in the previous year, the firm posted $1.95 EPS. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current year.

Amazon.com 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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