Amazon.com, Inc. $AMZN Shares Sold by Arthur M. Cohen & Associates LLC

Key Points

• Arthur M. Cohen & Associates cut its Amazon stake by 2.2% in the third quarter, selling 2,870 shares; it still held 126,551 shares valued at about $31.5 million.
• Institutional investors own 72.2% of Amazon shares. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $321.74.
• Amazon’s latest quarterly results fell slightly short of estimates: earnings were $1.89 per share versus $1.97 expected, and revenue was $201.94 billion versus $202.22 billion forecast, though revenue grew 12.1% year over year.

Arthur M. Cohen & Associates LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,551 shares of the e-commerce giant's stock after selling 2,870 shares during the period. Amazon.com makes up 4.7% of Arthur M. Cohen & Associates LLC's holdings, making the stock its 7th biggest holding. Arthur M. Cohen & Associates LLC's holdings in Amazon.com were worth $31,530,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMZN. Bank of America Corp DE acquired a new position in Amazon.com during the 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in Amazon.com in the 2nd quarter valued at about $16,341,405,000. Legal & General Group Plc acquired a new stake in Amazon.com in the 2nd quarter valued at about $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $6,631,466,000. Finally, Jupiter Topco LLC purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $5,910,083,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Needham & Company LLC reiterated a "buy" rating and set a $300.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Pivotal Research reiterated a "buy" rating and set a $333.00 target price (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Citizens Jmp dropped their target price on Amazon.com from $315.00 to $275.00 and set a "market outperform" rating on the stock in a report on Friday, October 30th. Finally, UBS Group restated a "buy" rating and issued a $348.00 price target (up from $318.00) on shares of Amazon.com in a research note on Monday, October 26th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $321.74.

Key Amazon.com News

Investors following AMZN have been watching these news items:

• Positive Sentiment: Amazon plans to hire 300,000 seasonal workers for the holidays, a sign of preparations for peak shopping demand. Investors are also watching a planned Amazon Leo rocket launch as a step toward expanding its satellite-internet service. What Is Going on with Amazon Stock on Thursday? Amazon Stock Rises Ahead of a Leo Rocket Launch
• Neutral Sentiment: Amazon shared progress on its $2.5 billion Future Ready 2030 skills-training commitment. The program may support workforce development and hiring over time, but its direct near-term financial impact is unclear. Amazon Future Ready 2030 update
• Negative Sentiment: Risks include pushback from Eastern Washington residents over water use and transparency tied to a proposed data-center campus. Separately, Amazon’s planned roughly $220 billion in 2026 capital spending is weighing on free cash flow, even as the company invests to meet AI demand. Amazon data center plan draws protests Will Rising AI Capex Weigh on Amazon’s Free Cash Flow?

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $267.44 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The stock has a 50 day moving average of $254.66 and a two-hundred day moving average of $244.21. The stock has a market cap of $2.89 trillion, a P/E ratio of 36.56, a P/E/G ratio of 2.02 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. During the same period in the previous year, the firm earned $1.95 earnings per share. The business's revenue was up 12.1% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 2,343 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the transaction, the vice president owned 119,780 shares in the company, valued at $31,024,217.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares of the company's stock, valued at $4,609,713.64. This trade represents a 44.97% 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. In the last ninety days, insiders sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is owned by insiders.

About Amazon.com

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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