Amazon.com, Inc. $AMZN Stake Raised by Foster Victor Wealth Advisors LLC

Key Points

• Foster Victor Wealth Advisors increased its Amazon stake by 6.7% in the third quarter, adding 11,502 shares to hold 183,899 shares valued at about $48.3 million.
• Amazon’s latest quarterly revenue rose 12.1% year over year, but both revenue and EPS came in slightly below analyst expectations.
• AWS growth and its large backlog support optimism, while Amazon’s roughly $220 billion investment plan is pressuring free cash flow and raising questions about when AI spending will pay off.

Foster Victor Wealth Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 183,899 shares of the e-commerce giant's stock after acquiring an additional 11,502 shares during the quarter. Amazon.com accounts for about 2.2% of Foster Victor Wealth Advisors LLC's portfolio, making the stock its 6th biggest holding. Foster Victor Wealth Advisors LLC's holdings in Amazon.com were worth $48,264,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Silvant Capital Management LLC purchased a new stake in shares of Amazon.com during the second quarter valued at $60,065,000. Public Employees Retirement System of Ohio acquired a new position in shares of Amazon.com in the 2nd quarter valued at $909,868,000. Northstar Financial Companies Inc. purchased a new position in Amazon.com in the 2nd quarter worth about $3,376,000. Gryphon Financial Partners LLC increased its stake in Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after purchasing an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in Amazon.com by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock worth $63,285,000 after purchasing an additional 5,104 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS growth and demand are driving optimism. AWS revenue grew nearly 40% in the latest quarter, while its $578 billion backlog points to substantial future demand. Management expects AWS growth above 40% in 2027 and 2028, helping bolster the long-term AI and cloud outlook. Article: Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
• Positive Sentiment: Market conditions favored large technology companies. A post-election rally lifted Big Tech, with investors appearing less concerned that potential data-center restrictions would derail the largest cloud providers’ expansion plans. A reported cloud-capacity shortage may also give Amazon and peers room to raise prices. Article: Microsoft and Amazon combine for a $400 billion market-cap boost
• Positive Sentiment: Amazon is expanding Alexa shopping access. A new merchant workspace lets eligible sellers connect their stores to Alexa for Shopping and Amazon’s online properties, potentially broadening product selection and shopping engagement. Article: Amazon Offers Merchants New Connection to Alexa for Shopping
• Neutral Sentiment: Worldwide Amazon Stores CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan, a small portion of his remaining holdings; the planned transaction is not necessarily a signal about the company’s outlook. SEC filing
• Negative Sentiment: AI investment is weighing on cash generation. Amazon’s roughly $220 billion spending plan is contributing to negative free cash flow, leaving investors focused on when infrastructure spending will produce returns. AI shopping agents could also challenge the advertising revenue and customer-data model used by Amazon and other retailers. Article: AI shopping agents could threaten Amazon and Walmart's ad business

Amazon.com Price Performance

Shares of AMZN opened at $266.31 on Thursday. The business's 50-day moving average is $253.90 and its 200-day moving average is $243.32. 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 company has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.90 and a beta of 1.49. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20.

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

Insider Buying and Selling

In other Amazon.com news, CEO Douglas Herrington sold 1,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total value of $243,470.00. Following the completion of the sale, the chief executive officer owned 473,681 shares in the company, valued at $115,327,113.07. This represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at $10,699,926.30. This trade represents a 18.35% 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. Over the last quarter, insiders have sold 71,589 shares of company stock worth $18,545,595. Insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of analyst reports. Mizuho upped their price objective on shares of Amazon.com from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, October 30th. Zacks Research downgraded shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Freedom Broker boosted their price target on shares of Amazon.com from $255.00 to $330.00 and gave the company a "buy" rating in a report on Tuesday. Morgan Stanley reduced their price target on shares of Amazon.com from $350.00 to $335.00 and set an "overweight" rating for the company in a research report on Friday, October 30th. Finally, KeyCorp set a $345.00 price target on shares of Amazon.com and gave the company an "overweight" rating in a research report on Friday, October 30th. 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 stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $321.74.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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