Amazon.com, Inc. $AMZN Stock Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 311,425 shares of the e-commerce giant's stock after purchasing an additional 8,184 shares during the period. Amazon.com accounts for approximately 2.0% of Fifth Third Wealth Advisors LLC's investment portfolio, making the stock its 9th biggest position. Fifth Third Wealth Advisors LLC's holdings in Amazon.com were worth $77,592,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TOP Private Wealth LLC. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $29,000. Bard Associates Inc. acquired a new position in Amazon.com in the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $33,000. Atomic Invest LLC lifted its holdings in Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after acquiring an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Amazon.com in the second quarter valued at about $68,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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

Amazon.com Stock Down 0.3%

Shares of NASDAQ AMZN opened at $259.30 on Friday. The firm's 50-day moving average is $253.96 and its two-hundred day moving average is $243.57. The company has a market capitalization of $2.80 trillion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.97 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 debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82.

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

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. TD Cowen reaffirmed a "buy" rating and issued a $340.00 target price (down from $350.00) on shares of Amazon.com in a report on Friday, October 30th. Wells Fargo & Company decreased their price target on Amazon.com from $329.00 to $326.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. Citizens Jmp lowered their price target on Amazon.com from $315.00 to $275.00 and set a "market outperform" rating on the stock in a report on Friday, October 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Finally, The Goldman Sachs Group reaffirmed a "conviction-buy" rating and set a $370.00 price objective on shares of Amazon.com in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $321.74.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business's 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 $5,180,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This represents a 0.89% 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. Over the last quarter, insiders have sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is owned by company insiders.

About Amazon.com

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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