Amazon.com, Inc. $AMZN Stock Sold by Deltec Asset Management LLC

Key Points

• Deltec Asset Management cut its Amazon stake by 7.2%, selling 10,909 shares in the third quarter; it retained 141,312 shares worth about $35.2 million, its third-largest portfolio holding.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $321.74.
• Amazon’s latest quarterly results fell slightly short of expectations: EPS was $1.89 versus a $1.97 consensus, and revenue was $201.94 billion versus $202.22 billion; revenue nevertheless grew 12.1% year over year.

Deltec Asset Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,312 shares of the e-commerce giant's stock after selling 10,909 shares during the quarter. Amazon.com accounts for about 5.5% of Deltec Asset Management LLC's portfolio, making the stock its 3rd largest position. Deltec Asset Management LLC's holdings in Amazon.com were worth $35,208,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Plimoth Trust Co. LLC raised its position in Amazon.com by 0.7% during the 3rd quarter. Plimoth Trust Co. LLC now owns 66,633 shares of the e-commerce giant's stock worth $16,602,000 after purchasing an additional 487 shares during the last quarter. Solitude Financial Services grew its position in shares of Amazon.com by 8.4% in the 3rd quarter. Solitude Financial Services now owns 1,400 shares of the e-commerce giant's stock valued at $349,000 after buying an additional 108 shares during the last quarter. Noesis Capital Mangement Corp grew its position in shares of Amazon.com by 0.6% in the 3rd quarter. Noesis Capital Mangement Corp now owns 113,801 shares of the e-commerce giant's stock valued at $28,353,000 after buying an additional 689 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Amazon.com by 47.3% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 315,140 shares of the e-commerce giant's stock valued at $78,517,000 after buying an additional 101,234 shares during the last quarter. Finally, Westover Capital Advisors LLC increased its stake in shares of Amazon.com by 5.1% in the third quarter. Westover Capital Advisors LLC now owns 79,362 shares of the e-commerce giant's stock valued at $19,773,000 after buying an additional 3,856 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMZN shares. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Citizens Jmp dropped their price objective on Amazon.com from $315.00 to $275.00 and set a "market outperform" rating on the stock in a research note on Friday, October 30th. Rosenblatt Securities restated a "buy" rating and set a $360.00 price target on shares of Amazon.com in a report on Friday, October 30th. Phillip Securities upgraded Amazon.com from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, November 2nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $321.74.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was 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 of the company's stock, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. This trade represents a 44.97% 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 three months, insiders sold 71,589 shares of company stock worth $18,545,595. Company insiders own 8.90% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $266.17 on Thursday. The company has a market cap of $2.88 trillion, a P/E ratio of 21.52, a PEG ratio of 2.06 and a beta of 1.49. The company has a fifty day simple moving average of $254.41 and a 200 day simple moving average of $244.06. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. 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 released its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Amazon.com News Roundup

Investors following AMZN have been watching these news items:

• Positive Sentiment: Anthropic could add strategic and financial upside. Amazon is a major Anthropic investor and cloud provider; an anticipated IPO could raise the estimated value of its stake substantially, while Anthropic’s infrastructure commitments may generate AWS business. Any IPO valuation gain remains prospective, not cash already realized. Anthropic IPO article
• Positive Sentiment: Amazon received a Stock Grader upgrade. Its rating moved from Weak to Neutral, with return on equity and analyst earnings revisions identified as strengths, although several growth and cash-flow measures remained weak. Stock Grader article
• Negative Sentiment: AI spending is pressuring free cash flow. Amazon expects approximately $220 billion in 2026 capital expenditures, and its AI buildout has pushed free cash flow into negative territory. Investors may remain cautious until spending translates into returns. AI capital expenditures article

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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