Amazon.com, Inc. $AMZN Stock: B.O.S.S. Retirement Advisors LLC Trims Position

Key Points

• B.O.S.S. Retirement Advisors cut its Amazon stake by 32.1% in the third quarter, selling 5,494 shares and retaining 11,620 shares valued at about $2.9 million.
• Analysts maintain a “Moderate Buy” consensus on Amazon, with an average price target of $321.74; 57 analysts rate it Buy or Strong Buy and three rate it Hold.
• Amazon’s latest quarterly revenue rose 12.1% year over year to $201.94 billion, but earnings per share of $1.89 came in below the $1.97 analyst consensus.

B.O.S.S. Retirement Advisors LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,620 shares of the e-commerce giant's stock after selling 5,494 shares during the period. Amazon.com comprises 0.8% of B.O.S.S. Retirement Advisors LLC's portfolio, making the stock its 26th biggest position. B.O.S.S. Retirement Advisors LLC's holdings in Amazon.com were worth $2,895,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Trust Asset Management LLC lifted its stake in Amazon.com by 3.3% in the second 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 during the period. TOP Private Wealth LLC. purchased a new position in Amazon.com during the 2nd quarter valued at about $29,000. Bard Associates Inc. purchased a new position in Amazon.com during the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC purchased a new position in Amazon.com during the 2nd quarter valued at about $33,000. Finally, Atomic Invest LLC raised its holdings 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. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Recent Amazon.com Headlines

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

• Positive Sentiment: AWS growth and backlog support the investment case. AWS grew 39.3% in the latest quarter, its fastest pace in nearly five years, and has a reported $578 billion backlog. That demand could help justify Amazon’s major AI infrastructure buildout. AWS growth and backlog article
• Neutral Sentiment: AWS expansion offers future capacity but requires substantial investment. Amazon’s planned Chile data centers add to its infrastructure footprint, though investors are weighing that opportunity against the cost of building out capacity. AWS Chile data center article
• Negative Sentiment: Legal proceedings add uncertainty. Italian prosecutors are pursuing allegations involving unpaid import VAT and customs duties, while a U.S. court certified a class action alleging biometric-data violations through Amazon Photos. Both matters could create financial and reputational costs; the allegations have not been proven. Italy VAT case article Biometric-data lawsuit article

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction dated 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 transaction, the senior vice president owned 41,190 shares of the company's stock, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 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 value of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 $18,545,595. Insiders own 8.90% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AMZN. UBS Group reaffirmed a "buy" rating and issued a $348.00 price target (up from $318.00) on shares of Amazon.com in a research report on Monday, October 26th. KeyCorp set a $345.00 price objective on shares of Amazon.com and gave the company an "overweight" rating in a report on Friday, October 30th. Deutsche Bank reissued a "buy" rating and set a $325.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Susquehanna reissued a "positive" rating on shares of Amazon.com in a research note on Friday, October 30th. Finally, Mizuho upped their target price on Amazon.com from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Amazon.com Stock Down 1.7%

NASDAQ:AMZN opened at $266.17 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The company's fifty day moving average price is $254.41 and its 200-day moving average price is $244.06. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The firm has a market capitalization of $2.88 trillion, a P/E ratio of 21.52, a PEG ratio of 2.06 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its 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 net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same quarter in the prior year, the firm earned $1.95 earnings per share. The company's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 7.80 EPS 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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