Amazon.com, Inc. $AMZN Stock Purchased by Simplicity Wealth LLC

Key Points

• Simplicity Wealth increased its Amazon stake by 14.1% in the third quarter, adding 15,723 shares to hold 127,215 shares valued at about $31.7 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $321.74; several firms reaffirmed Buy or Outperform ratings.
• Amazon’s latest quarter slightly missed analyst expectations for both earnings and revenue, though revenue rose 12.1% year over year. Heavy AI spending and cloud competition remain risks.

Simplicity Wealth LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,215 shares of the e-commerce giant's stock after buying an additional 15,723 shares during the quarter. Amazon.com makes up about 0.9% of Simplicity Wealth LLC's portfolio, making the stock its 15th biggest position. Simplicity Wealth LLC's holdings in Amazon.com were worth $31,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Madrona Financial Services LLC lifted its position in shares of Amazon.com by 62.4% during the third quarter. Madrona Financial Services LLC now owns 18,149 shares of the e-commerce giant's stock worth $4,522,000 after purchasing an additional 6,973 shares during the last quarter. Brookmont Capital Management increased its position in shares of Amazon.com by 9.4% during the third quarter. Brookmont Capital Management now owns 1,725 shares of the e-commerce giant's stock worth $430,000 after acquiring an additional 148 shares during the period. NTV Asset Management LLC raised its stake in shares of Amazon.com by 1.0% during the third quarter. NTV Asset Management LLC now owns 34,860 shares of the e-commerce giant's stock valued at $8,685,000 after acquiring an additional 359 shares in the last quarter. Sowell Financial Services LLC grew its stake in Amazon.com by 1.4% in the third quarter. Sowell Financial Services LLC now owns 226,048 shares of the e-commerce giant's stock worth $56,320,000 after purchasing an additional 3,226 shares in the last quarter. Finally, Kendall Capital Management grew its stake in Amazon.com by 294.3% in the third quarter. Kendall Capital Management now owns 3,612 shares of the e-commerce giant's stock worth $900,000 after purchasing an additional 2,696 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Telsey Advisory Group reissued an "outperform" rating and set a $335.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $325.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Pivotal Research reaffirmed a "buy" rating and issued a $333.00 price target (up from $320.00) on shares of Amazon.com in a research report on Friday, July 31st. Royal Bank Of Canada reissued an "outperform" rating and set a $330.00 price objective on shares of Amazon.com in a report on Friday, October 30th. 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 assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the business's stock in a transaction on 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 sale, the chief financial officer directly owned 109,207 shares in the company, valued at $28,427,674.17. This trade represents a 5.35% 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. In the last quarter, insiders have sold 71,589 shares of company stock valued at $18,545,595. Corporate insiders own 8.90% of the company's stock.

More Amazon.com News

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.

Amazon.com Stock Up 2.9%

Shares of AMZN stock opened at $266.93 on Tuesday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The stock's fifty day moving average price is $253.97 and its 200 day moving average price is $243.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The company has a market cap of $2.89 trillion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49.

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