Amazon.com, Inc. $AMZN Stock: BRIA Capital Group LLC Grows Stake

BRIA Capital Group LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 83.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,810 shares of the e-commerce giant's stock after purchasing an additional 8,120 shares during the quarter. Amazon.com comprises about 3.0% of BRIA Capital Group LLC's investment portfolio, making the stock its 9th largest holding. BRIA Capital Group LLC's holdings in Amazon.com were worth $4,437,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Amazon.com by 5.5% in the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock valued at $95,504,904,000 after acquiring an additional 21,398,025 shares during the last quarter. Bank of America Corp DE bought a new position in Amazon.com during the 2nd quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp bought a new position in Amazon.com during the 2nd quarter worth approximately $16,341,405,000. Amundi boosted its stake in Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Amazon.com during the second quarter valued at approximately $12,831,376,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Trending Headlines about 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

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 2,343 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $31,024,217.80. The trade was a 1.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of the company's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $243.47, for a total transaction 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 approximately $115,327,113.07. The trade was a 0.21% 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. Insiders sold a total of 71,589 shares of company stock worth $18,545,595 in the last ninety days. 8.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Friday, October 30th. Barclays reiterated an "overweight" rating and issued a $365.00 target price (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Wolfe Research reissued an "outperform" rating and set a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Oppenheimer reissued an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. Finally, Yorkville Ives started coverage on shares of Amazon.com in a research report on Monday, October 19th. They issued an "outperform" rating and a $300.00 price objective for the company. Two equities 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $321.74.

Amazon.com Stock Performance

Shares of AMZN stock opened at $259.30 on Friday. 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, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company's 50 day moving average price is $253.96 and its two-hundred day moving average price is $243.57. The company has a market capitalization of $2.80 trillion, a P/E 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 released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The company had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. During the same quarter last year, the company earned $1.95 EPS. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Amazon.com 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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