Amazon.com, Inc. $AMZN Stock: MBL Wealth LLC Raises Stake

Key Points

• MBL Wealth LLC increased its Amazon stake by 13.4% in the third quarter, adding 4,478 shares to hold 37,979 shares valued at about $9.46 million. Institutional investors collectively own 72.2% of Amazon.
• Amazon’s latest quarterly results slightly missed expectations: earnings were $1.89 per share versus $1.97 expected, and revenue was $201.94 billion versus $202.22 billion expected, though revenue grew 12.1% year over year.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $321.74. AWS and advertising growth are potential catalysts, while spending on AI and data centers raises cash-flow and cost concerns.

MBL Wealth LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,979 shares of the e-commerce giant's stock after acquiring an additional 4,478 shares during the quarter. MBL Wealth LLC's holdings in Amazon.com were worth $9,462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. TOP Private Wealth LLC. purchased a new position in Amazon.com during the 2nd quarter worth $29,000. Bard Associates Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Amazon.com in the 2nd quarter worth $33,000. Atomic Invest LLC lifted its holdings in shares of Amazon.com by 41.2% in the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after buying an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Amazon.com during the 2nd quarter worth $68,000. Institutional investors own 72.20% of the company's stock.

More Amazon.com News

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

Amazon.com Stock Down 0.3%

Shares of AMZN traded down $0.91 during trading hours on Friday, hitting $259.30. The company had a trading volume of 42,467,151 shares, compared to its average volume of 42,636,872. The company has a market capitalization of $2.80 trillion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.86 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 one year low of $196.00 and a one year high of $287.20. The company's fifty day moving average price is $253.96 and its two-hundred day moving average price is $243.57.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The company had revenue of $201.94 billion for the quarter, compared to analysts' expectations of $202.22 billion. During the same quarter last year, the company earned $1.95 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 473,681 shares of the company's stock, valued at approximately $115,327,113.07. This trade represents a 0.21% decrease in their position. 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. In the last ninety days, insiders sold 71,589 shares of company stock worth $18,545,595. Insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group restated a "buy" rating and set a $348.00 price target (up from $318.00) on shares of Amazon.com in a research note on Monday, October 26th. Pivotal Research reaffirmed a "buy" rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Morgan Stanley dropped their target price on shares of Amazon.com from $350.00 to $335.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Benchmark raised their target price on shares of Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Evercore restated an "outperform" rating on shares of Amazon.com in a report on Friday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $321.74.

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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