Amazon.com, Inc. $AMZN Stock: BG Investment Services LLC Boosts Stake

Key Points

• BG Investment Services sharply increased its Amazon stake by 1,665% in the third quarter, to 69,753 shares valued at about $17.4 million; Amazon now represents 2.6% of the fund’s holdings.
• Amazon’s latest quarter slightly missed analyst expectations, reporting EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion, although revenue grew 12.1% year over year.
• Analyst sentiment remains broadly positive: Amazon has a “Moderate Buy” consensus and an average price target of $321.74. The article also flags risks from substantial AI spending and cloud competition.

BG Investment Services LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1,665.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 69,753 shares of the e-commerce giant's stock after acquiring an additional 65,801 shares during the quarter. Amazon.com comprises approximately 2.6% of BG Investment Services LLC's holdings, making the stock its 9th largest holding. BG Investment Services LLC's holdings in Amazon.com were worth $17,379,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. TOP Private Wealth LLC. purchased a new position in shares of Amazon.com in the 2nd quarter worth $29,000. Bard Associates Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $33,000. Atomic Invest LLC raised its position in shares of Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after buying an additional 49 shares in the last quarter. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Amazon.com in the 2nd quarter valued at about $68,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

AMZN stock opened at $266.93 on Tuesday. The stock has a market cap of $2.89 trillion, a PE ratio of 21.58, a P/E/G ratio of 2.02 and a beta of 1.49. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company has a 50-day moving average price of $253.97 and a 200 day moving average price of $243.74. 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 announced 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). The firm had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.95 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of several recent research reports. Yorkville Ives started coverage on Amazon.com in a research report on Monday, October 19th. They issued an "outperform" rating and a $300.00 price target for the company. DA Davidson set a $250.00 price objective on Amazon.com and gave the company a "neutral" rating in a research report on Friday, October 30th. Wells Fargo & Company decreased their price objective on Amazon.com from $329.00 to $326.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. TD Cowen reaffirmed a "buy" rating and issued a $340.00 price objective (down from $350.00) on shares of Amazon.com in a research note on Friday, October 30th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $360.00 target price on shares of Amazon.com in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $321.74.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
• Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What's Going On With Amazon Stock Monday?
• Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
• Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon's Astro home robot has fans but looks destined for the 'trash heap.' Why it's trying again
• Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas Herrington sold 6,362 shares of the 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% 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 have sold a total of 71,589 shares of company stock worth $18,545,595 over the last ninety days. Corporate insiders own 8.90% of the company's stock.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

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.