Amazon.com, Inc. $AMZN Stock: McGuire Investment Group LLC Increases Holdings

Key Points

• McGuire Investment Group increased its Amazon stake 16.9% in the third quarter, adding 10,687 shares to hold 74,069 shares worth about $18.45 million.
• Amazon’s latest quarterly results slightly missed expectations: EPS was $1.89 versus $1.97 anticipated, and revenue was $201.94 billion versus $202.22 billion, though revenue grew 12.1% year over year.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and $321.74 average price target; meanwhile, insiders sold 71,589 shares worth about $18.55 million over the past three months.

McGuire Investment Group LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 16.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 74,069 shares of the e-commerce giant's stock after acquiring an additional 10,687 shares during the period. Amazon.com accounts for approximately 1.7% of McGuire Investment Group LLC's investment portfolio, making the stock its 16th biggest position. McGuire Investment Group LLC's holdings in Amazon.com were worth $18,454,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Bank of America Corp DE bought a new position in Amazon.com in the second 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 second quarter valued at about $16,341,405,000. Legal & General Group Plc acquired a new stake in shares of Amazon.com during the second quarter valued at about $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Amazon.com during the second quarter worth about $6,631,466,000. Finally, Jupiter Topco LLC bought a new stake in shares of Amazon.com during the second quarter worth about $5,910,083,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the 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 $606,860.43. Following the completion of the sale, the vice president owned 119,780 shares of the company's stock, valued at approximately $31,024,217.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at $4,609,713.64. This represents a 44.97% 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. Insiders sold a total of 71,589 shares of company stock valued at $18,545,595 over the last three months. Insiders own 8.90% of the company's stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: JPMorgan added Amazon to its focus list and highlighted AWS growth, including the potential for growth above 40% in 2027 and 2028. AWS’s reported 39% growth and $578 billion backlog reinforce the case for sustained demand. Article: Amazon Stocks Rise as JPMorgan Adds It to Focus List on AWS
• Positive Sentiment: Investors appeared to favor established cloud and data-center operators amid debate about AI infrastructure spending, supporting Amazon’s position as a major hyperscaler. Article: What's Going On With Amazon Stock Monday?
• Positive Sentiment: Amazon Haul’s pre-holiday promotion comes as reported customer adoption has surged, potentially bolstering its value-focused retail offering ahead of the holiday season. Article: Amazon Haul Launches Pre-Holiday Deals As Users Jump 350%
• Neutral Sentiment: Reports that Amazon is hiring for a new home-robot product point to a possible future growth initiative, though the product and its commercial potential remain uncertain. Article: Amazon's Astro home robot has fans but looks destined for the 'trash heap.' Why it's trying again
• Negative Sentiment: Risks include heavy AI-related capital spending and intensifying cloud competition. Amazon’s latest quarter also came in slightly below consensus for both EPS and revenue, tempering the positive growth outlook.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AMZN shares. The Goldman Sachs Group reaffirmed a "conviction-buy" rating and issued a $370.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Cantor Fitzgerald cut their target price on shares of Amazon.com from $310.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, October 30th. Oppenheimer reissued an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. Evercore reissued an "outperform" rating on shares of Amazon.com in a report on Friday, October 30th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Amazon.com in a research report on Friday, October 30th. Two equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $321.74.

Amazon.com Trading Up 2.9%

NASDAQ AMZN opened at $266.93 on Tuesday. The firm has a market capitalization of $2.89 trillion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49. The business's 50-day moving average price is $253.97 and its two-hundred day moving average price is $243.74. 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 12 month low of $196.00 and a 12 month high of $287.20.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). The company had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. Amazon.com's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 7.80 EPS for the current year.

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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