Amazon.com, Inc. $AMZN Shares Sold by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group trimmed its Amazon stake by 2,050 shares (0.3%) in the third quarter, ending with 684,540 shares valued at about $170.6 million. Amazon remains roughly 2% of its portfolio and its 10th-largest holding.
• Analysts’ consensus rating is “Moderate Buy,” with a consensus price target of $321.74; most analysts rate the stock Buy, though some maintain Hold ratings.
• Amazon’s latest quarterly results slightly missed estimates: EPS was $1.89 versus $1.97 expected, and revenue was $201.94 billion versus $202.22 billion expected. Revenue nevertheless rose 12.1% year over year.

Citizens Financial Group Inc. RI decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 684,540 shares of the e-commerce giant's stock after selling 2,050 shares during the quarter. Amazon.com comprises approximately 2.0% of Citizens Financial Group Inc. RI's investment portfolio, making the stock its 10th biggest holding. Citizens Financial Group Inc. RI's holdings in Amazon.com were worth $170,553,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research firms recently commented on AMZN. Bank of America reiterated a "buy" rating and issued a $317.00 price objective on shares of Amazon.com in a report on Friday, October 30th. Wolfe Research reissued an "outperform" rating and issued a $315.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Yorkville Ives started coverage on Amazon.com in a report on Monday, October 19th. They set an "outperform" rating and a $300.00 target price on the stock. DA Davidson set a $250.00 target price on Amazon.com and gave the stock a "neutral" rating in a research report on Friday, October 30th. Finally, Zacks Research cut Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $31,024,217.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the firm'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 transaction of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% 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. Insiders sold 71,589 shares of company stock worth $18,545,595 in the last quarter. Company insiders own 8.90% of the company's stock.

Amazon.com News Summary

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

• Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
• Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What's Going On With Amazon Stock Monday?
• Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
• Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon's Astro home robot has fans but looks destined for the 'trash heap.' Why it's trying again
• Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.

Amazon.com Stock Up 2.9%

NASDAQ:AMZN opened at $266.93 on Tuesday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. 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 stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 21.58, a PEG ratio of 2.02 and a beta of 1.49. The stock has a 50-day moving average price of $253.97 and a two-hundred day moving average price of $243.74.

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 analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same period in the prior year, the business earned $1.95 EPS. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

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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