Amazon.com, Inc. $AMZN Stock: Axon Capital LP Reduces Position

Key Points

• Axon Capital cut its Amazon stake by 37.2% in the third quarter, selling 21,850 shares; it still held 36,950 shares worth about $9.2 million, with Amazon remaining its largest holding.
• Amazon’s latest quarter fell short of analyst expectations, reporting EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion expected. Revenue nevertheless rose 12.1% year over year.
• Analysts maintained a broadly positive view: Amazon had a “Moderate Buy” consensus rating and an average price target of $321.74.

Axon Capital LP trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 37.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,950 shares of the e-commerce giant's stock after selling 21,850 shares during the period. Amazon.com comprises approximately 17.1% of Axon Capital LP's holdings, making the stock its largest holding. Axon Capital LP's holdings in Amazon.com were worth $9,206,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Trust Asset Management LLC grew its holdings in Amazon.com by 3.3% during the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock worth $26,000 after acquiring an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. bought a new stake in shares of Amazon.com in the 2nd quarter worth about $29,000. Bard Associates Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at about $33,000. Finally, Atomic Invest LLC raised its stake in shares of Amazon.com by 41.2% in the 2nd 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 in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of the stock in a transaction dated 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 owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, VP Shelley Reynolds sold 2,343 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. This represents a 1.92% 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. 8.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AMZN. Benchmark increased their price target on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Weiss Ratings reissued a "buy (b)" rating on shares of Amazon.com in a report on Friday, October 30th. Susquehanna restated a "positive" rating on shares of Amazon.com in a research note on Friday, October 30th. Piper Sandler restated an "overweight" rating on shares of Amazon.com in a research note on Friday, October 30th. Finally, Robert W. Baird set a $310.00 target price on Amazon.com and gave the stock an "outperform" rating in a report on Friday, July 31st. Two investment 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 company. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $321.74.

Amazon.com Stock Down 0.3%

Shares of NASDAQ:AMZN opened at $266.66 on Friday. The stock has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The company's fifty day moving average is $254.82 and its two-hundred day moving average is $244.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99.

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

Key Amazon.com News

These are some of the AMZN news items that stood out recently:

• Positive Sentiment: Amazon remains an AI and cloud growth story: a recent investor article cited AWS revenue growth of 39% and projected growth above 40% in 2027 and 2028. Continued cloud momentum may support the investment case. The Motley Fool article
• Neutral Sentiment: Amazon updated Alexa’s shopping capabilities, but the report noted the stock weakened despite the changes, suggesting investors may want evidence of meaningful adoption or revenue impact. TipRanks article
• Negative Sentiment: United Airlines’ CEO reportedly criticized Amazon Leo as a mistake while praising Starlink’s competitive position, highlighting execution and competition risks for Amazon’s satellite initiative. Benzinga article

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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