Amazon.com, Inc. $AMZN Stock Sold by Barrett & Company Inc.

Key Points

• Barrett & Company cut its Amazon stake by 7.8% in the third quarter, selling 2,863 shares and retaining 33,932 shares valued at about $8.45 million.
• Amazon reported quarterly EPS of $1.89, below the $1.97 consensus, and revenue of $201.94 billion, slightly short of estimates; revenue nevertheless rose 12.1% year over year.
• Analyst sentiment remains broadly positive: Amazon has a “Moderate Buy” consensus rating and an average price target of $321.74. The article also cites AWS and advertising growth as potential catalysts, alongside concerns about AI-related spending and cash flow.

Barrett & Company Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,932 shares of the e-commerce giant's stock after selling 2,863 shares during the quarter. Amazon.com accounts for about 2.3% of Barrett & Company Inc.'s holdings, making the stock its 9th biggest holding. Barrett & Company Inc.'s holdings in Amazon.com were worth $8,454,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AMZN. Bank of America Corp DE purchased a new stake in shares of Amazon.com during the second quarter worth $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in shares of Amazon.com in the second quarter valued at $16,341,405,000. Legal & General Group Plc acquired a new stake in shares of Amazon.com in the second quarter valued at $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Amazon.com in the second quarter valued at $6,631,466,000. Finally, Jupiter Topco LLC purchased a new position in Amazon.com in the second quarter valued at $5,910,083,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $259.30 on Monday. The firm has a market capitalization of $2.80 trillion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49. The business's fifty day moving average price is $253.96 and its 200 day moving average price is $243.57. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. 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 posted its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). The business had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas Herrington sold 6,362 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the transaction, the chief executive officer owned 476,681 shares in the company, valued at approximately $123,465,145.81. This represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 71,589 shares of company stock worth $18,545,595. Corporate insiders own 8.90% of the company's stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon's CEO Andy Jassy Just Announced Huge News for Amazon Investors
• Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I'd Buy Right Now
• Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
• Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
• Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

Analyst Upgrades and Downgrades

Several research analysts recently commented on AMZN shares. Guggenheim reissued a "buy" rating and set a $320.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Freedom Broker increased their price target on Amazon.com from $255.00 to $330.00 and gave the company a "buy" rating in a research report on Tuesday, November 3rd. Scotiabank decreased their price objective on Amazon.com from $325.00 to $300.00 and set a "sector outperform" rating for the company in a research note on Friday, October 30th. Wolfe Research reiterated an "outperform" rating and issued a $315.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Two equities 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $321.74.

Amazon.com Profile

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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