Amazon.com, Inc. $AMZN Stock Acquired by Capelight Capital Asset Management LP

Key Points

• Capelight Capital increased its Amazon stake by 44.9% in the third quarter, adding 11,225 shares to reach 36,225 shares valued at $9.025 million. Amazon represents about 3.5% of the firm’s portfolio.
• Amazon’s latest quarter narrowly missed analyst expectations for earnings and revenue, although revenue rose 12.1% year over year. AWS revenue growth of 39.3% and a $578 billion backlog were cited as support for its AI investment case, while heavy infrastructure spending remains a risk.
• Analysts hold a consensus “Moderate Buy” rating on Amazon, with an average price target of $321.74. Institutional investors own 72.2% of the company’s shares.

Capelight Capital Asset Management LP lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 44.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,225 shares of the e-commerce giant's stock after purchasing an additional 11,225 shares during the period. Amazon.com comprises approximately 3.5% of Capelight Capital Asset Management LP's holdings, making the stock its 9th biggest position. Capelight Capital Asset Management LP's holdings in Amazon.com were worth $9,025,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Trust Asset Management LLC lifted its position in Amazon.com by 3.3% during the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after purchasing an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. purchased a new position in Amazon.com during the second quarter valued at $29,000. Bard Associates Inc. bought a new stake in shares of Amazon.com in the second quarter worth about $32,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $33,000. Finally, Atomic Invest LLC lifted its position in Amazon.com by 41.2% during the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com News Summary

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

• Positive Sentiment: AWS growth and backlog support the AI investment case. AWS revenue grew 39.3% in the latest quarter, its fastest pace in nearly five years, while its reported backlog reached $578 billion. That contracted demand may help justify Amazon’s substantial infrastructure investment. Article: Andy Jassy Just Delivered Great News for Amazon Stock Investors
• Positive Sentiment: Anthropic’s planned IPO could highlight the value of Amazon’s stake and cloud relationship. Reports describe Amazon as a major investor and cloud provider to Anthropic; the proposed offering could put a substantial valuation on its stake, while Anthropic’s infrastructure commitments could also generate AWS business. Any stake valuation remains a paper estimate until shares trade. Article: Amazon and Google Will See Big Paydays from Anthropic IPO
• Positive Sentiment: UK approval expands Amazon’s drone-delivery opportunity. Regulatory clearance allows Amazon to extend eligible deliveries in Darlington to about 8,000 customers, providing a potential route to faster service and more efficient fulfillment. Article: UK aviation regulator clears Amazon for expanded drone delivery
• Neutral Sentiment: Ring’s new home-security devices and Amazon’s holiday promotions add product and seasonal-sales visibility, but their financial contribution is not yet clear. Article: Amazon's Ring launches flying camera, autonomous security robot
• Negative Sentiment: AI infrastructure spending remains a key risk. Amazon’s large capital-spending plans could pressure cash flow if cloud and AI demand do not translate into returns quickly enough; data-center power, permitting and cost concerns add uncertainty. Article: Amazon Faces a $1.2 Trillion AI Spending Question
• Negative Sentiment: Amazon agreed to pay $3 million to Arizona Prime members to resolve allegations related to its subscription-cancellation process, a modest financial cost but a potential reputational and regulatory concern. Article: Amazon agrees to pay $3M to Arizona Prime members

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMZN shares. Bank of America reissued a "buy" rating and set a $317.00 target price on shares of Amazon.com in a research report on Friday, October 30th. Benchmark increased their price target on Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Roth Capital restated a "buy" rating and set a $325.00 target price on shares of Amazon.com in a report on Monday, August 3rd. Oppenheimer restated an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. Finally, HSBC reiterated a "buy" rating and issued a $310.00 price target on shares of Amazon.com in a research note on Friday, July 31st. Two equities research 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of the company'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 $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. This represents a 1.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the completion of the sale, the chief financial officer directly owned 109,207 shares of the company's stock, valued at $28,427,674.17. This represents a 5.35% 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. Insiders have sold a total of 71,589 shares of company stock worth $18,545,595 in the last ninety days. Company insiders own 8.90% of the company's stock.

Amazon.com Stock Performance

AMZN opened at $270.87 on Wednesday. The firm has a fifty day moving average price of $254.19 and a 200 day moving average price of $243.93. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The stock has a market cap of $2.93 trillion, a P/E ratio of 21.90, a P/E/G ratio of 2.03 and a beta of 1.49. 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 posted its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). The business had revenue of $201.94 billion during the quarter, compared to analysts' expectations of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.95 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

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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