Amazon.com, Inc. $AMZN Shares Sold by Middleton & Co. Inc. MA

Key Points

• Middleton & Co. cut its Amazon stake by 2.6%, selling 6,124 shares, but still held 233,810 shares worth about $58.3 million. Amazon remains 6.2% of the firm’s portfolio and its third-largest holding.
• Amazon’s latest quarter missed analyst estimates for both earnings and revenue, although revenue rose 12.1% year over year to $201.94 billion. Analysts hold a consensus “Moderate Buy” rating, with an average price target of $321.74.
• Amazon shares opened at $266.93, up 2.9% in the reported session. The article also cites positive AWS growth expectations alongside risks from heavy AI spending and cloud competition.

Middleton & Co. Inc. MA lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 233,810 shares of the e-commerce giant's stock after selling 6,124 shares during the period. Amazon.com comprises 6.2% of Middleton & Co. Inc. MA's portfolio, making the stock its 3rd biggest holding. Middleton & Co. Inc. MA's holdings in Amazon.com were worth $58,254,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp boosted its holdings in Amazon.com by 5.5% during the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock valued at $95,504,904,000 after purchasing an additional 21,398,025 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $16,341,405,000. Amundi raised its holdings in shares of Amazon.com by 3.9% in the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after buying an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $12,831,376,000. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,343 shares of Amazon.com 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 completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at $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 SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. 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. 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMZN shares. Wells Fargo & Company decreased their price target on Amazon.com from $329.00 to $326.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. KeyCorp set a $345.00 price objective on Amazon.com and gave the stock an "overweight" rating in a research note on Friday, October 30th. Citizens Jmp dropped their price objective on Amazon.com from $315.00 to $275.00 and set a "market outperform" rating for the company in a research note on Friday, October 30th. Susquehanna reissued a "positive" rating on shares of Amazon.com in a report on Friday, October 30th. Finally, Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Two equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Amazon.com Stock Up 2.9%

Shares of AMZN opened at $266.93 on Tuesday. The company has a market capitalization of $2.89 trillion, a P/E ratio of 21.58, a PEG ratio of 2.02 and a beta of 1.49. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The business's 50 day simple moving average is $253.97 and its 200-day simple moving average is $243.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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). 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 for the quarter, compared to analyst estimates of $202.22 billion. During the same period in the prior year, the business earned $1.95 earnings per share. The company's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 7.80 EPS 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.

Amazon.com Company 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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