Amazon.com, Inc. $AMZN Stock: Curated Wealth Partners LLC Cuts Holdings

Key Points

• Curated Wealth Partners cut its Amazon stake by 86.2% in the third quarter, selling 401,985 shares and retaining 64,169 shares worth approximately $15 million. Other institutional investors increased their positions, and institutions collectively own 72.2% of Amazon.
• Amazon insiders sold 71,589 shares worth about $18.6 million during the past quarter, including CEO Andy Jassy’s $5.18 million sale and Matthew Garman’s $3.77 million sale; both transactions were conducted under Rule 10b5-1 plans.
• Despite near-term concerns over heavy AI spending and negative free cash flow, analysts remain bullish, citing AWS and AI-infrastructure growth. Amazon has a “Moderate Buy” consensus rating and an average price target of $322.53 versus a recent price near $248.

Curated Wealth Partners LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 86.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,169 shares of the e-commerce giant's stock after selling 401,985 shares during the period. Amazon.com accounts for about 1.3% of Curated Wealth Partners LLC's portfolio, making the stock its 11th largest holding. Curated Wealth Partners LLC's holdings in Amazon.com were worth $15,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. WealthPlan Investment Management LLC grew its position in Amazon.com by 30.6% in the third quarter. WealthPlan Investment Management LLC now owns 112,796 shares of the e-commerce giant's stock worth $28,103,000 after acquiring an additional 26,448 shares during the period. SBE LLC DBA Cedar Cove Wealth Partners increased its stake in Amazon.com by 3.3% during the third quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 2,612 shares of the e-commerce giant's stock worth $651,000 after acquiring an additional 83 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in Amazon.com by 4.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,959 shares of the e-commerce giant's stock worth $7,464,000 after acquiring an additional 1,383 shares during the last quarter. Nvwm LLC raised its position in Amazon.com by 0.5% in the third quarter. Nvwm LLC now owns 68,438 shares of the e-commerce giant's stock valued at $17,050,000 after purchasing an additional 313 shares during the period. Finally, Orgel Wealth Management LLC raised its position in Amazon.com by 1.2% in the third quarter. Orgel Wealth Management LLC now owns 3,605 shares of the e-commerce giant's stock valued at $898,000 after purchasing an additional 43 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com 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 completion of the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the transaction, the chief executive officer directly owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. This represents a 44.97% 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 have sold 71,589 shares of company stock worth $18,580,515 over the last quarter. 8.90% of the stock is currently owned by insiders.

Key Amazon.com News

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon's $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Amazon.com Stock Down 1.0%

Amazon.com stock opened at $248.00 on Friday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The stock's fifty day simple moving average is $255.56 and its 200-day simple moving average is $253.29. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.68 trillion, a P/E ratio of 19.95, a P/E/G ratio of 2.06 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm earned $1.68 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 7.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Cantor Fitzgerald decreased their price target on Amazon.com from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Raymond James Financial restated an "outperform" rating and issued a $390.00 price objective (up from $280.00) on shares of Amazon.com in a report on Friday, July 31st. Barclays restated an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Evercore set a $355.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research report on Friday, August 28th. Finally, Wedbush increased their target price on shares of Amazon.com from $293.00 to $310.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $322.53.

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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