Amazon.com, Inc. $AMZN Stock Sold by Baldwin Wealth Partners LLC MA

Key Points

• Baldwin Wealth Partners reduced its Amazon stake by 1.0% in the third quarter, selling 2,981 shares and retaining 309,519 shares valued at approximately $77.1 million. Amazon remains the firm’s fourth-largest holding, representing about 5.2% of its portfolio.
• Institutional investors and hedge funds own 72.2% of Amazon, with several firms increasing their positions during the quarter. Meanwhile, company insiders sold 71,589 shares worth approximately $18.6 million over the past three months, including sales by CEOs Matthew Garman and Andy Jassy under pre-arranged trading plans.
• Amazon reported stronger-than-expected quarterly results, including $5.75 in earnings per share and $200.61 billion in revenue, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $322.53 versus a recent share price of $250.

Baldwin Wealth Partners LLC MA reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,519 shares of the e-commerce giant's stock after selling 2,981 shares during the period. Amazon.com makes up approximately 5.2% of Baldwin Wealth Partners LLC MA's investment portfolio, making the stock its 4th biggest holding. Baldwin Wealth Partners LLC MA's holdings in Amazon.com were worth $77,117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AMZN. Perpetual Ltd lifted its holdings in shares of Amazon.com by 75.9% during the third quarter. Perpetual Ltd now owns 459,613 shares of the e-commerce giant's stock worth $114,513,000 after purchasing an additional 198,262 shares during the period. Vertrix Wealth Management LLC boosted its position in Amazon.com by 21.2% in the third quarter. Vertrix Wealth Management LLC now owns 21,378 shares of the e-commerce giant's stock valued at $5,326,000 after buying an additional 3,744 shares during the last quarter. JGP Wealth Management LLC boosted its position in Amazon.com by 3.1% in the third quarter. JGP Wealth Management LLC now owns 23,938 shares of the e-commerce giant's stock valued at $5,964,000 after buying an additional 731 shares during the last quarter. Integrated Financial Solutions Inc. increased its holdings in Amazon.com by 5.8% in the 3rd quarter. Integrated Financial Solutions Inc. now owns 28,973 shares of the e-commerce giant's stock worth $7,219,000 after buying an additional 1,600 shares during the period. Finally, Sacks & Associates LLC acquired a new position in Amazon.com in the 3rd quarter worth approximately $1,257,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Matthew S. Garman sold 14,541 shares of the firm's stock in a transaction 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 owned 17,794 shares in the company, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction 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 directly owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. The trade was a 0.89% 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. Insiders sold a total of 71,589 shares of company stock valued at $18,580,515 in the last three months. Corporate insiders own 8.90% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $250.00 on Friday. The stock has a market capitalization of $2.70 trillion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.93 and a beta of 1.45. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The firm's 50 day simple moving average is $256.75 and its 200-day simple moving average is $251.57. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same period in the previous year, the firm earned $1.68 EPS. The business's quarterly revenue was up 19.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 8.02 EPS for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. BMO Capital Markets reissued an "outperform" rating and set a $360.00 price target (up from $355.00) on shares of Amazon.com in a research report on Tuesday, July 28th. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, August 3rd. HSBC reiterated a "buy" rating and issued a $310.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Needham & Company LLC restated a "buy" rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.53.

Amazon.com News Roundup

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

• Positive Sentiment: AWS remains the central growth and profit driver. Amazon’s cloud business grew at its fastest pace in 18 quarters during the second quarter, and investors will focus closely on whether that momentum continued. Strong AWS growth could support a higher valuation. Amazon earnings outlook
• Positive Sentiment: Analysts continue to view Amazon as a major beneficiary of AI adoption through AWS, custom chips and related products. The company’s AI initiatives could improve future cash flow, while strong holiday e-commerce demand and a growing advertising business provide additional support. Amazon AI cash flow outlook
• Positive Sentiment: Amazon’s acquisition of Bee is expanding its consumer AI strategy. New Bee Frontier and Bee Eclipse devices, along with a paid software tier, give the company new opportunities in hardware, subscriptions and AI-assisted shopping. Amazon Bee AI devices
• Neutral Sentiment: Amazon has scheduled its third-quarter results and conference call for Oct. 29. The report is likely to be the next major catalyst, particularly for AWS growth, capital expenditures, operating margins and management’s AI investment outlook. Amazon earnings announcement
• Negative Sentiment: Broad technology stocks are under pressure as inflation concerns increase expectations for higher interest rates, prompting investors to favor value and dividend-paying sectors. That market-wide rotation is weighing on mega-cap technology names, including AMZN. Technology sector decline
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion AI commitment and rising capital expenditures may pressure near-term free cash flow. Capacity constraints and potentially falling AI-compute pricing add to doubts about the return on that spending.
• Negative Sentiment: Elon Musk’s proposal for an “X Shop” or “Grokazon” introduces a potential long-term competitive risk after Amazon blocked some AI shopping agents. The issue could encourage rivals to challenge Amazon’s position in agent-driven commerce. Potential Amazon rival

Amazon.com 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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