Amazon.com, Inc. $AMZN Shares Sold by Larry Mathis Financial Planning LLC

Key Points

• Larry Mathis Financial Planning cut its Amazon stake by 62.7% in the third quarter, selling 2,848 shares and ending the period with 1,696 shares valued at about $423,000.
• Amazon’s latest quarterly results fell short of analyst expectations: earnings were $1.89 per share versus a $1.97 estimate, and revenue was $201.94 billion versus a $202.22 billion consensus. Revenue nevertheless increased 12.1% year over year.
• Analyst sentiment remains broadly positive: MarketBeat reported an average “Moderate Buy” rating and a consensus price target of $321.74.

Larry Mathis Financial Planning LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 62.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,696 shares of the e-commerce giant's stock after selling 2,848 shares during the period. Larry Mathis Financial Planning LLC's holdings in Amazon.com were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Leo Wealth LLC purchased a new stake in shares of Amazon.com during the 3rd quarter valued at about $5,161,000. Level Wealth Management LLC lifted its stake in shares of Amazon.com by 136.7% in the 3rd quarter. Level Wealth Management LLC now owns 2,793 shares of the e-commerce giant's stock worth $696,000 after purchasing an additional 1,613 shares during the period. Holos Integrated Wealth LLC lifted its stake in shares of Amazon.com by 5.7% in the 3rd quarter. Holos Integrated Wealth LLC now owns 6,712 shares of the e-commerce giant's stock worth $1,762,000 after purchasing an additional 360 shares during the period. Marest Capital LLC boosted its holdings in shares of Amazon.com by 0.5% in the third quarter. Marest Capital LLC now owns 12,779 shares of the e-commerce giant's stock worth $3,184,000 after buying an additional 60 shares during the last quarter. Finally, Aries Wealth Management boosted its holdings in shares of Amazon.com by 0.8% in the third quarter. Aries Wealth Management now owns 43,785 shares of the e-commerce giant's stock worth $10,909,000 after buying an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 1.7%

Amazon.com stock opened at $266.17 on Thursday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The firm's 50 day moving average price is $254.41 and its 200-day moving average price is $244.06. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The stock has a market cap of $2.88 trillion, a P/E ratio of 21.52, a PEG ratio of 2.06 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). The company had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. Amazon.com's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company 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.

Insider Buying and Selling

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 sale, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 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 $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. This represents a 0.89% 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 a total of 71,589 shares of company stock worth $18,545,595 in the last 90 days. 8.90% of the stock is owned by company 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: Legal proceedings add uncertainty. Italian prosecutors are pursuing allegations involving unpaid import VAT and customs duties, while a U.S. court certified a class action alleging biometric-data violations through Amazon Photos. Both matters could create financial and reputational costs; the allegations have not been proven. Italy VAT case article Biometric-data lawsuit article

Analyst Ratings Changes

Several analysts recently issued reports on AMZN shares. DA Davidson set a $250.00 target price on shares of Amazon.com and gave the company a "neutral" rating in a research report on Friday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Phillip Securities upgraded shares of Amazon.com from a "moderate buy" rating to a "strong-buy" rating in a research note on Monday, November 2nd. Guggenheim reiterated a "buy" rating and set a $320.00 price target on shares of Amazon.com in a research note on Friday, October 30th. Finally, Susquehanna reissued a "positive" rating on shares of Amazon.com in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $321.74.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.