Amazon.com, Inc. $AMZN Shares Sold by Community Bank of Raymore

Key Points

• Community Bank of Raymore cut its Amazon stake by 95.8% in the third quarter, selling 45,563 shares and retaining 1,989 shares valued at about $496,000. Other institutional investors increased holdings, and institutions collectively own 72.2% of the stock.
• Amazon’s latest quarter slightly missed analyst expectations, reporting EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion expected; revenue nevertheless grew 12.1% year over year.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $321.74. Meanwhile, company insiders sold 71,589 shares worth about $18.5 million over the past 90 days.

Community Bank of Raymore decreased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 95.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,989 shares of the e-commerce giant's stock after selling 45,563 shares during the quarter. Community Bank of Raymore's holdings in Amazon.com were worth $496,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of AMZN. Norris Perne & French LLP MI increased its holdings in shares of Amazon.com by 178.4% during the 3rd quarter. Norris Perne & French LLP MI now owns 246,695 shares of the e-commerce giant's stock worth $61,464,000 after purchasing an additional 158,091 shares during the period. BG Investment Services LLC raised its stake in shares of Amazon.com by 1,665.0% in the 3rd quarter. BG Investment Services LLC now owns 69,753 shares of the e-commerce giant's stock valued at $17,379,000 after buying an additional 65,801 shares in the last quarter. Corecam Pte. Ltd. raised its stake in shares of Amazon.com by 63.5% in the 3rd quarter. Corecam Pte. Ltd. now owns 26,390 shares of the e-commerce giant's stock valued at $6,575,000 after buying an additional 10,250 shares in the last quarter. ORBA Wealth Advisors L.L.C. lifted its holdings in shares of Amazon.com by 1.6% during the 3rd quarter. ORBA Wealth Advisors L.L.C. now owns 3,278 shares of the e-commerce giant's stock worth $817,000 after acquiring an additional 53 shares during the period. Finally, McGuire Investment Group LLC lifted its holdings in shares of Amazon.com by 16.9% during the 3rd quarter. McGuire Investment Group LLC now owns 74,069 shares of the e-commerce giant's stock worth $18,454,000 after acquiring an additional 10,687 shares during the period. 72.20% of the stock is owned by institutional investors.

Insider Activity at Amazon.com

In other news, CEO Andrew Jassy sold 20,000 shares of the firm'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 sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. 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 have sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMZN shares. Wedbush decreased their target price on shares of Amazon.com from $310.00 to $298.00 and set an "outperform" rating on the stock in a research report on Friday, October 30th. Rosenblatt Securities restated a "buy" rating and set a $360.00 price target on shares of Amazon.com in a research note on Friday, October 30th. Scotiabank decreased their price objective on Amazon.com from $325.00 to $300.00 and set a "sector outperform" rating on the stock in a report on Friday, October 30th. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, Phillip Securities raised Amazon.com from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $321.74.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $266.93 on Tuesday. The stock has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 36.54, a P/E/G ratio of 2.02 and a beta of 1.49. The firm's 50-day moving average price is $253.97 and its two-hundred day moving average price is $243.74. 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 1-year low of $196.00 and a 1-year high of $287.20.

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

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.

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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