Amazon.com, Inc. $AMZN Stock Bought by Atlatl Advisers LLC

Key Points

• Atlatl Advisers increased its Amazon stake by 34.2% in the third quarter, adding 3,786 shares to own 14,871 shares valued at $3.705 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Analyst sentiment remains positive: Amazon has a consensus “Moderate Buy” rating and an average price target of $321.74, versus a Friday opening price of $259.30.
• Amazon’s latest quarterly revenue rose 12.1% year over year to $201.94 billion, but both revenue and EPS fell slightly short of analyst estimates.

Atlatl Advisers LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 34.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,871 shares of the e-commerce giant's stock after acquiring an additional 3,786 shares during the period. Atlatl Advisers LLC's holdings in Amazon.com were worth $3,705,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AMZN. Bank of America Corp DE purchased a new stake in Amazon.com in the second quarter worth about $22,218,775,000. Bank of New York Mellon Corp purchased a new position in Amazon.com during the 2nd quarter valued at about $16,341,405,000. Legal & General Group Plc bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $6,631,466,000. Finally, Jupiter Topco LLC bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $5,910,083,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a "conviction-buy" rating and set a $370.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $330.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Susquehanna restated a "positive" rating on shares of Amazon.com in a report on Friday, October 30th. Wolfe Research reaffirmed an "outperform" rating and set a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Finally, Bank of America reiterated a "buy" rating and issued a $317.00 price target 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 assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $321.74.

Amazon.com Price Performance

Shares of AMZN opened at $259.30 on Friday. The company has a 50 day moving average of $253.96 and a two-hundred day moving average of $243.57. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a market cap of $2.80 trillion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $202.22 billion. During the same period in the previous year, the company posted $1.95 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon's CEO Andy Jassy Just Announced Huge News for Amazon Investors
• Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I'd Buy Right Now
• Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
• Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
• Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas Herrington sold 1,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total value of $243,470.00. Following the completion of the transaction, the chief executive officer directly owned 473,681 shares of the company's stock, valued at $115,327,113.07. This trade represents a 0.21% decrease in their position. The sale 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, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were 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 of the company's stock, valued at $31,024,217.80. The trade was a 1.92% 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 valued at $18,545,595. 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.

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