Amazon.com, Inc. $AMZN Stake Raised by Kendall Capital Management

Key Points

• Kendall Capital Management increased its Amazon stake by 294.3% in the third quarter, adding 2,696 shares to hold 3,612 shares valued at about $900,000. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon’s latest quarterly results came in slightly below analyst expectations: EPS was $1.89 versus a $1.97 consensus, and revenue was $201.94 billion versus $202.22 billion expected. Revenue nevertheless rose 12.1% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $321.74. The article also notes potential long-term support from AWS and advertising growth, alongside investor concerns about AI infrastructure spending and cash flow.

Kendall Capital Management raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 294.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,612 shares of the e-commerce giant's stock after purchasing an additional 2,696 shares during the quarter. Kendall Capital Management's holdings in Amazon.com were worth $900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in Amazon.com by 5.5% in 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 buying an additional 21,398,025 shares in the last quarter. Bank of America Corp DE bought a new position in Amazon.com in the second quarter valued at about $22,218,775,000. Bank of New York Mellon Corp acquired a new position in Amazon.com during the second quarter worth about $16,341,405,000. Amundi raised its stake in Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Amazon.com during the second quarter worth about $12,831,376,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $259.30 on Monday. The business's 50-day moving average price is $253.96 and its 200-day moving average price is $243.57. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The firm has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.96, a PEG ratio of 1.97 and a beta of 1.49. 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 (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. During the same period in the prior year, the company earned $1.95 EPS. The business's quarterly revenue was up 12.1% compared to the same quarter last year. Equities research analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was 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 in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 over the last quarter. Insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMZN shares. Morgan Stanley dropped their target price on shares of Amazon.com from $350.00 to $335.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $325.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Evercore reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, October 30th. UBS Group reissued a "buy" rating and issued a $348.00 price objective (up from $318.00) on shares of Amazon.com in a research note on Monday, October 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Two 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon's CEO Andy Jassy Just Announced Huge News for Amazon Investors
• Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I'd Buy Right Now
• Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
• Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
• Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

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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