Amazon.com, Inc. $AMZN Stock: Argent Capital Management LLC Decreases Holdings

Key Points

Error: One or more errors occurred.

Argent Capital Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 752,764 shares of the e-commerce giant's stock after selling 26,203 shares during the period. Amazon.com makes up approximately 1.4% of Argent Capital Management LLC's portfolio, making the stock its 5th biggest position. Argent Capital Management LLC's holdings in Amazon.com were worth $187,551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Heartwood Wealth Advisors LLC increased its holdings in Amazon.com by 2.8% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 11,837 shares of the e-commerce giant's stock worth $2,949,000 after acquiring an additional 320 shares during the last quarter. Rockland Trust Co. raised its stake in Amazon.com by 65.4% in the 3rd quarter. Rockland Trust Co. now owns 168,213 shares of the e-commerce giant's stock valued at $41,910,000 after acquiring an additional 66,529 shares during the period. Violich Capital Management Inc. lifted its holdings in Amazon.com by 4.0% during the third quarter. Violich Capital Management Inc. now owns 97,491 shares of the e-commerce giant's stock valued at $24,290,000 after purchasing an additional 3,750 shares during the last quarter. Silverleafe Capital Partners LLC boosted its position in Amazon.com by 34.1% during the third quarter. Silverleafe Capital Partners LLC now owns 6,706 shares of the e-commerce giant's stock worth $1,671,000 after purchasing an additional 1,706 shares during the period. Finally, Polaris Financial Partners bought a new position in Amazon.com during the third quarter worth about $18,572,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Up 3.3%

AMZN opened at $262.43 on Friday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business's 50-day moving average price is $258.83 and its 200-day moving average price is $249.88. The company has a market cap of $2.83 trillion, a P/E ratio of 21.11, a P/E/G ratio of 2.03 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the prior year, the company posted $1.68 EPS. Amazon.com's quarterly revenue was up 19.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 8.03 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Douglas Herrington sold 6,362 shares of the firm'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 value of $1,647,821.62. Following the completion of the transaction, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. 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 three months, insiders have sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on AMZN shares. DA Davidson reaffirmed a "neutral" rating and issued a $250.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $325.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Bank of America raised their price target on Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Barclays restated an "overweight" rating and issued a $365.00 target price (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $322.86.

Amazon.com News Summary

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Amazon.com Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.