Amazon.com, Inc. $AMZN Stock Holdings Trimmed by Mystic Asset Management Inc.

Key Points

• Mystic Asset Management cut its Amazon stake by 20.3% in the third quarter, selling 5,208 shares and retaining 20,453 shares valued at approximately $5.1 million.
• Institutional investors own 72.2% of Amazon’s stock, while analysts maintain a broadly positive outlook: 57 rate it Buy and three rate it Hold, producing a “Moderate Buy” consensus and an average price target of $322.53.
• Amazon reported quarterly revenue of $200.61 billion and EPS of $5.75, both exceeding expectations. Investors are focused on accelerating AWS and AI demand, although heavy AI infrastructure spending and negative free cash flow remain key risks ahead of the October 29 earnings report.

Mystic Asset Management Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 20,453 shares of the e-commerce giant's stock after selling 5,208 shares during the period. Amazon.com comprises about 1.1% of Mystic Asset Management Inc.'s holdings, making the stock its 19th biggest holding. Mystic Asset Management Inc.'s holdings in Amazon.com were worth $5,096,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Silvant Capital Management LLC purchased a new stake in shares of Amazon.com during the second quarter worth approximately $60,065,000. Public Employees Retirement System of Ohio purchased a new position in Amazon.com in the 2nd quarter valued at $909,868,000. Northstar Financial Companies Inc. purchased a new position in Amazon.com in the 2nd quarter valued at $3,376,000. Gryphon Financial Partners LLC lifted its holdings in Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock valued at $15,221,000 after purchasing an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock worth $63,285,000 after purchasing an additional 5,104 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMZN shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $375.00 target price (up from $335.00) on shares of Amazon.com in a report on Friday, July 31st. Pivotal Research reiterated a "buy" rating and issued a $333.00 target price (up from $320.00) on shares of Amazon.com in a research report on Friday, July 31st. Roth Capital reissued a "buy" rating and issued a $325.00 price target on shares of Amazon.com in a research note on Monday, August 3rd. Susquehanna reissued a "positive" rating on shares of Amazon.com in a research note on Tuesday, October 6th. Finally, Royal Bank Of Canada boosted their price target on shares of Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $322.53.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $248.00 on Friday. The business's 50 day moving average price is $255.56 and its 200 day moving average price is $253.29. The company has a market cap of $2.68 trillion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.06 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results 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. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. During the same period in the prior year, the business earned $1.68 EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. On average, research analysts predict that Amazon.com, Inc. will post 7.55 EPS for the current year.

Amazon.com News Roundup

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

Insider Buying and Selling at Amazon.com

In other news, CFO Brian Olsavsky sold 6,172 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. The trade was a 1.32% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 71,589 shares of company stock worth $18,580,515. Corporate insiders own 8.90% of the company's stock.

Amazon.com Company 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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