Amazon.com, Inc. $AMZN Stock: Lynx Investment Advisory Cuts Position

Lynx Investment Advisory trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,430 shares of the e-commerce giant's stock after selling 1,963 shares during the quarter. Amazon.com makes up 1.1% of Lynx Investment Advisory's investment portfolio, making the stock its 22nd largest position. Lynx Investment Advisory's holdings in Amazon.com were worth $3,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Bank of America Corp DE purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in shares of Amazon.com during the 2nd quarter worth about $16,341,405,000. Legal & General Group Plc purchased a new stake in Amazon.com during the second quarter worth approximately $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Amazon.com during the second quarter worth approximately $6,631,466,000. Finally, Jupiter Topco LLC purchased a new stake in Amazon.com during the second quarter worth approximately $5,910,083,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $0.78 during trading hours on Friday, reaching $266.66. The stock had a trading volume of 31,035,709 shares, compared to its average volume of 50,501,436. The firm has a market cap of $2.88 trillion, a price-to-earnings ratio of 21.56, a PEG ratio of 2.03 and a beta of 1.49. 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, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The firm has a 50-day moving average of $254.82 and a 200-day moving average of $244.32.

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 (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 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 EPS. Equities research analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AMZN shares. Monness Crespi & Hardt upped their price target on Amazon.com from $315.00 to $330.00 and gave the company a "buy" rating in a report on Friday, July 31st. Needham & Company LLC reissued a "buy" rating and set a $300.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Wedbush reduced their price objective on shares of Amazon.com from $310.00 to $298.00 and set an "outperform" rating for the company in a research report on Friday, October 30th. Yorkville Ives initiated coverage on shares of Amazon.com in a report on Monday, October 19th. They issued an "outperform" rating and a $300.00 target price for the company. Finally, Citizens Jmp dropped their target price on shares of Amazon.com from $315.00 to $275.00 and set a "market outperform" rating on the stock in a research report on Friday, October 30th. Two investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Insiders Place Their Bets

In other news, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the transaction, the vice president owned 119,780 shares in the company, valued at approximately $31,024,217.80. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is owned by insiders.

Amazon.com News Summary

Investors following AMZN have been watching these news items:

• Positive Sentiment: Amazon remains an AI and cloud growth story: a recent investor article cited AWS revenue growth of 39% and projected growth above 40% in 2027 and 2028. Continued cloud momentum may support the investment case. The Motley Fool article
• Negative Sentiment: Amazon’s European unit and managers could face a criminal trial in Italy over alleged unpaid import VAT and customs duties on third-party cross-border sales. A trial could bring legal costs, penalties, or reputational risk; the allegations have not been resolved. Yahoo Finance article
• Negative Sentiment: United Airlines’ CEO reportedly criticized Amazon Leo as a mistake while praising Starlink’s competitive position, highlighting execution and competition risks for Amazon’s satellite initiative. Benzinga article

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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