Amazon.com, Inc. $AMZN Stock: Quattro Financial Advisors LLC Lowers Position

Key Points

• Quattro Financial Advisors reduced its Amazon position by 4.5% in the third quarter, selling 5,021 shares and retaining 105,614 shares valued at approximately $26.3 million. Amazon remains the firm’s fifth-largest holding and represents 5.6% of its portfolio.
• Institutional investors own 72.2% of Amazon, while company insiders sold 71,589 shares worth $18.6 million during the latest quarter under pre-arranged trading plans.
• Amazon reported stronger-than-expected quarterly results, with $5.75 in EPS and $200.61 billion in revenue, up 19.6% year over year. Analysts maintain a broadly bullish view, with a consensus “Moderate Buy” rating and a $322.53 price target.

Quattro Financial Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,614 shares of the e-commerce giant's stock after selling 5,021 shares during the quarter. Amazon.com accounts for about 5.6% of Quattro Financial Advisors LLC's holdings, making the stock its 5th largest holding. Quattro Financial Advisors LLC's holdings in Amazon.com were worth $26,314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Silvant Capital Management LLC purchased a new position in shares of Amazon.com during the second quarter valued at approximately $60,065,000. Public Employees Retirement System of Ohio bought a new stake in shares of Amazon.com in the second quarter worth $909,868,000. Northstar Financial Companies Inc. bought a new stake in shares of Amazon.com in the second quarter worth $3,376,000. Gryphon Financial Partners LLC grew its holdings in shares of Amazon.com by 7.5% in the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after acquiring an additional 5,125 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock valued at $63,285,000 after acquiring an additional 5,104 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $248.00 on Monday. The business's fifty day moving average is $255.56 and its 200 day moving average is $253.58. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market capitalization of $2.68 trillion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.04 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping 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 business had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. The business's quarterly revenue was up 19.6% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 7.55 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 6,172 shares of the firm's stock in a transaction that occurred 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 owned 109,207 shares in the company, valued at approximately $28,427,674.17. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Amazon.com 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 transaction, 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 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 worth $18,580,515 in the last quarter. 8.90% of the stock is currently owned by insiders.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon's $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Bank of America increased their target price on Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a report on Friday, July 31st. Pivotal Research restated a "buy" rating and set a $333.00 price target (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Tigress Financial reiterated a "buy" rating and issued a $385.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Finally, Evercore set a $355.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Friday, August 28th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $322.53.

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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