Amazon.com, Inc. $AMZN Stock Holdings Raised by Segment Wealth Management LLC

Key Points

• Segment Wealth Management increased its Amazon stake by 8.4% in the third quarter, adding 2,743 shares and bringing its holdings to 35,330 shares, valued at about $8.8 million.
• Institutional investors and hedge funds own 72.2% of Amazon shares. Company insiders sold 71,589 shares worth approximately $18.5 million over the past three months; the reported CEO sales were made under pre-arranged trading plans.
• Amazon’s latest quarterly results fell short of analyst estimates: EPS was $1.89 versus $1.97 expected, and revenue was $201.94 billion versus $202.22 billion expected, though revenue grew 12.1% year over year. Analysts’ consensus rating is “Moderate Buy,” with a $321.74 average price target.

Segment Wealth Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,330 shares of the e-commerce giant's stock after purchasing an additional 2,743 shares during the quarter. Segment Wealth Management LLC's holdings in Amazon.com were worth $8,802,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMZN. State Street Corp grew its holdings in 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 buying an additional 21,398,025 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Amazon.com during the second quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new position in shares of Amazon.com during the second quarter worth approximately $16,341,405,000. Amundi lifted its holdings in shares of Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after buying an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Amazon.com in the second quarter valued at approximately $12,831,376,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction 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 sale, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of the business's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total transaction of $243,470.00. Following the completion of the sale, the chief executive officer directly owned 473,681 shares in the company, valued at $115,327,113.07. This trade represents a 0.21% 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 three months, insiders have sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is owned by insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $267.44 on Friday. 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 $2.89 trillion, a PE ratio of 21.62, a PEG ratio of 2.02 and a beta of 1.49. The business's 50 day moving average is $254.66 and its 200-day moving average is $244.21. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Sell-side analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. DA Davidson set a $250.00 price objective on shares of Amazon.com and gave the stock a "neutral" rating in a research note on Friday, October 30th. Mizuho upped their target price on shares of Amazon.com from $330.00 to $335.00 and gave the company an "outperform" rating in a research note on Friday, October 30th. Wells Fargo & Company reduced their price target on shares of Amazon.com from $329.00 to $326.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a report on Friday, October 30th. Finally, Piper Sandler restated an "overweight" rating on shares of Amazon.com in a research report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Top Amazon.com Stories

Investors following AMZN have been watching these stories:

• Neutral Sentiment: Amazon shared progress on its $2.5 billion Future Ready 2030 skills-training commitment. The program may support workforce development and hiring over time, but its direct near-term financial impact is unclear. Amazon Future Ready 2030 update
• Negative Sentiment: Risks include pushback from Eastern Washington residents over water use and transparency tied to a proposed data-center campus. Separately, Amazon’s planned roughly $220 billion in 2026 capital spending is weighing on free cash flow, even as the company invests to meet AI demand. Amazon data center plan draws protests Will Rising AI Capex Weigh on Amazon’s Free Cash Flow?
• Negative Sentiment: Amazon also faces legal overhangs: Italian prosecutors are pursuing an investigation into alleged unpaid import VAT and customs duties, and a U.S. court certified a class action alleging biometric-data violations involving Amazon Photos. Outcomes and potential financial exposure remain uncertain. Amazon Could Face Trial in Italy Over Unpaid Import VAT Class action over alleged Amazon Photos biometric-data collection

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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