Amazon.com, Inc. $AMZN Stock Acquired by Park Avenue Securities LLC

Key Points

• Park Avenue Securities increased its Amazon stake by 3.8% in the third quarter, adding 17,090 shares to hold 462,295 shares worth about $115.2 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon’s latest quarterly results fell slightly short of estimates: EPS was $1.89 versus $1.97 expected, and revenue was $201.94 billion versus $202.22 billion expected. Revenue nevertheless rose 12.1% year over year.
• Analysts maintain a Moderate Buy consensus rating and an average price target of $321.74; recent targets range from $250 to $385.

Park Avenue Securities LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 462,295 shares of the e-commerce giant's stock after purchasing an additional 17,090 shares during the quarter. Amazon.com accounts for 0.7% of Park Avenue Securities LLC's portfolio, making the stock its 28th biggest position. Park Avenue Securities LLC's holdings in Amazon.com were worth $115,181,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in AMZN. State Street Corp raised its holdings in Amazon.com by 5.5% during the 2nd 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 during the last quarter. Bank of America Corp DE bought a new stake in Amazon.com in the 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp purchased a new position in shares of Amazon.com in the second quarter valued at about $16,341,405,000. Amundi increased its position in shares of Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock valued at $15,211,393,000 after acquiring an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of Amazon.com during the second quarter valued at about $12,831,376,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Key Stories Impacting Amazon.com

These are some of the AMZN stories that stood out recently:

• Positive Sentiment: Coverage pointed to the estimated value of Amazon’s Anthropic investment and ongoing AI demand as potential supports. A reported leadership shake-up at Nvidia may also encourage cloud providers to diversify chip suppliers, potentially benefiting Amazon’s in-house silicon efforts. What Is Going on with Amazon Stock on Thursday? NVIDIA’s Crisis Opens the Board
• Neutral Sentiment: Amazon shared progress on its $2.5 billion Future Ready 2030 skills-training commitment. The program may support workforce development and hiring over time, but its direct near-term financial impact is unclear. Amazon Future Ready 2030 update
• Negative Sentiment: Amazon also faces legal overhangs: Italian prosecutors are pursuing an investigation into alleged unpaid import VAT and customs duties, and a U.S. court certified a class action alleging biometric-data violations involving Amazon Photos. Outcomes and potential financial exposure remain uncertain. Amazon Could Face Trial in Italy Over Unpaid Import VAT Class action over alleged Amazon Photos biometric-data collection

Amazon.com Trading Up 0.5%

NASDAQ:AMZN opened at $267.44 on Friday. The company has a 50-day moving average price of $254.66 and a 200-day moving average price of $244.21. The stock has a market cap of $2.89 trillion, a price-to-earnings ratio of 21.62, a P/E/G ratio of 2.02 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, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $201.94 billion for the quarter, compared to analysts' expectations of $202.22 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. Amazon.com's quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 7.80 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. DA Davidson set a $250.00 target price on shares of Amazon.com and gave the stock a "neutral" rating in a report on Friday, October 30th. Tigress Financial restated a "buy" rating and set a $385.00 price target (up from $315.00) on shares of Amazon.com in a report on Tuesday, October 6th. Freedom Broker upped their price target on Amazon.com from $255.00 to $330.00 and gave the company a "buy" rating in a research report on Tuesday, November 3rd. The Goldman Sachs Group reaffirmed a "conviction-buy" rating and set a $370.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Finally, Wedbush dropped their price objective on Amazon.com from $310.00 to $298.00 and set an "outperform" rating for the company in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the company's stock in a transaction that occurred on 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 represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction that occurred on 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. This represents a 1.92% decrease in their position. 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 a total of 71,589 shares of company stock valued at $18,545,595 over the last ninety days. 8.90% of the stock is owned by corporate insiders.

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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