Amazon.com, Inc. $AMZN Stock: Millennium Capital Advisors LLC Boosts Position

Key Points

• Millennium Capital Advisors increased its Amazon position by 29.3% in the third quarter, bringing its holdings to 37,396 shares valued at approximately $9.3 million. Institutional investors collectively own 72.2% of AMZN.
• Amazon’s AWS and AI demand remain major growth catalysts: AWS capacity is reportedly largely sold out through 2027, while analysts maintain a broadly bullish outlook and a consensus price target of $325.12.
• Insiders have been selling shares, with executives disposing of 71,589 shares worth $18.6 million over the past 90 days. Investors also face risks from heavy AI infrastructure spending, which could pressure margins and free cash flow.

Millennium Capital Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 29.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,396 shares of the e-commerce giant's stock after purchasing an additional 8,477 shares during the period. Amazon.com accounts for about 4.8% of Millennium Capital Advisors LLC's holdings, making the stock its 3rd biggest position. Millennium Capital Advisors LLC's holdings in Amazon.com were worth $9,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. State Street Corp grew its position in shares of Amazon.com by 5.5% in the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock valued at $95,504,904,000 after purchasing an additional 21,398,025 shares in the last quarter. Bank of America Corp DE purchased a new stake in Amazon.com during the 2nd quarter worth about $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in Amazon.com during the 2nd quarter worth about $16,341,405,000. Amundi lifted its holdings in Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Amazon.com in the 2nd quarter worth about $12,831,376,000. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 14,541 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value 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 trade represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock valued at $18,580,515 in the last 90 days. 8.90% of the stock is owned by company insiders.

More Amazon.com News

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

• Positive Sentiment: AWS demand is the main catalyst. Amazon CEO Andy Jassy said AWS capacity is largely sold out through 2027, while analysts expect cloud growth to exceed forecasts as customers expand AI-computing usage. The combination of rising demand and a large backlog could support faster revenue growth and improve investor confidence in AWS. Amazon cloud growth expected to beat forecasts as AI demand strengthens
• Positive Sentiment: Anthropic’s IPO filing reinforces Amazon’s AI-infrastructure opportunity. The filing disclosed at least $110 billion of non-cancelable cloud commitments with Amazon, providing substantial long-term visibility for AWS. Amazon is also an Anthropic investor, creating potential upside from both cloud revenue and the value of its equity stake. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Analysts remain bullish ahead of earnings. UBS said expectations may be too low and sees substantial upside, while other analysts maintained Buy ratings and price targets ranging from $320 to $350, citing AWS growth, AI demand and resilient retail operations. Amazon analyst expectations and AWS growth
• Neutral Sentiment: Results are the immediate test. Investors will watch AWS growth, operating margins, capital expenditures, free cash flow and fourth-quarter guidance. The Federal Reserve’s policy decision and earnings from Microsoft and Alphabet may also influence sentiment toward mega-cap technology and AI stocks. Big Tech earnings outlook
• Negative Sentiment: High AI spending remains a risk. Amazon must invest heavily in data centers and computing capacity to serve its backlog, creating uncertainty over near-term margins, depreciation and free cash flow. Investors may also be concerned about intensifying competition from Walmart’s membership strategy and other digital-commerce platforms.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMZN shares. DA Davidson reaffirmed a "neutral" rating and set a $250.00 target price on shares of Amazon.com in a report on Friday, July 31st. Benchmark increased their price target on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Tigress Financial restated a "buy" rating and issued a $385.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Cantor Fitzgerald reduced their price objective on shares of Amazon.com from $320.00 to $310.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Finally, UBS Group reaffirmed a "buy" rating and set a $348.00 price objective (up from $318.00) on shares of Amazon.com in a research note on Monday. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $325.12.

Amazon.com Price Performance

Amazon.com stock opened at $249.09 on Tuesday. The stock has a market cap of $2.69 trillion, a price-to-earnings ratio of 20.04, a PEG ratio of 2.04 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $255.64 and a 200 day simple moving average of $243.00. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter last year, the company posted $1.68 EPS. The company's revenue for the quarter was up 19.6% on a year-over-year basis. On average, research analysts forecast that Amazon.com, Inc. will post 7.55 earnings per share for the current fiscal year.

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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