Amazon.com, Inc. $AMZN Stock Sold by Leeward Financial Partners LLC

Key Points

• Leeward Financial Partners cut its Amazon stake by 3.9% in the third quarter, selling 2,155 shares and retaining 52,626 shares worth about $13.1 million. Amazon remains 3.4% of its portfolio and its eighth-largest holding.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $321.74; 55 rate the stock Buy, two Strong Buy, and three Hold.
• Amazon’s latest quarterly results slightly missed estimates, with EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion expected, though revenue rose 12.1% year over year.

Leeward Financial Partners LLC lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,626 shares of the e-commerce giant's stock after selling 2,155 shares during the quarter. Amazon.com accounts for 3.4% of Leeward Financial Partners LLC's investment portfolio, making the stock its 8th largest holding. Leeward Financial Partners LLC's holdings in Amazon.com were worth $13,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trust Asset Management LLC grew its stake in shares of Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock worth $26,000 after acquiring an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. bought a new position in shares of Amazon.com during the second quarter valued at about $29,000. Bard Associates Inc. purchased a new position in Amazon.com during the second quarter worth about $32,000. Longfellow Investment Management Co. LLC purchased a new position in Amazon.com during the second quarter worth about $33,000. Finally, Atomic Invest LLC grew its position in Amazon.com by 41.2% in the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after purchasing an additional 49 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Robert W. Baird set a $310.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Scotiabank cut their target price on Amazon.com from $325.00 to $300.00 and set a "sector outperform" rating on the stock in a research note on Friday, October 30th. Mizuho upped their target price on Amazon.com from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, October 30th. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amazon.com in a research report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $321.74.

Amazon.com Stock Performance

NASDAQ AMZN opened at $270.87 on Wednesday. The company has a market capitalization of $2.93 trillion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a 50-day simple moving average of $254.19 and a 200 day simple moving average of $243.93.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its 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 company had revenue of $201.94 billion during the quarter, compared to analysts' expectations of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm's revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.95 earnings per share. On average, research analysts predict that Amazon.com, Inc. will post 7.80 EPS for the current year.

Key Amazon.com News

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

• Positive Sentiment: AWS growth and backlog support the AI investment case. AWS revenue grew 39.3% in the latest quarter, its fastest pace in nearly five years, while its reported backlog reached $578 billion. That contracted demand may help justify Amazon’s substantial infrastructure investment. Article: Andy Jassy Just Delivered Great News for Amazon Stock Investors
• Positive Sentiment: Anthropic’s planned IPO could highlight the value of Amazon’s stake and cloud relationship. Reports describe Amazon as a major investor and cloud provider to Anthropic; the proposed offering could put a substantial valuation on its stake, while Anthropic’s infrastructure commitments could also generate AWS business. Any stake valuation remains a paper estimate until shares trade. Article: Amazon and Google Will See Big Paydays from Anthropic IPO
• Positive Sentiment: UK approval expands Amazon’s drone-delivery opportunity. Regulatory clearance allows Amazon to extend eligible deliveries in Darlington to about 8,000 customers, providing a potential route to faster service and more efficient fulfillment. Article: UK aviation regulator clears Amazon for expanded drone delivery
• Neutral Sentiment: Ring’s new home-security devices and Amazon’s holiday promotions add product and seasonal-sales visibility, but their financial contribution is not yet clear. Article: Amazon's Ring launches flying camera, autonomous security robot
• Negative Sentiment: AI infrastructure spending remains a key risk. Amazon’s large capital-spending plans could pressure cash flow if cloud and AI demand do not translate into returns quickly enough; data-center power, permitting and cost concerns add uncertainty. Article: Amazon Faces a $1.2 Trillion AI Spending Question
• Negative Sentiment: Amazon agreed to pay $3 million to Arizona Prime members to resolve allegations related to its subscription-cancellation process, a modest financial cost but a potential reputational and regulatory concern. Article: Amazon agrees to pay $3M to Arizona Prime members

Insider Activity at Amazon.com

In other news, CEO Matthew Garman sold 14,541 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer owned 17,794 shares of the company's stock, valued at $4,609,713.64. This represents a 44.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $606,860.43. Following the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. This trade represents a 1.92% 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. Insiders have sold a total of 71,589 shares of company stock worth $18,545,595 over the last 90 days. Corporate insiders own 8.90% of the company's stock.

Amazon.com Company 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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