Amazon.com, Inc. $AMZN Stock Sold by Sigma Planning Corp

Key Points

• Sigma Planning Corp. reduced its Amazon stake by 3.2%, selling 9,643 shares in the third quarter; it still held 288,642 shares valued at about $71.3 million.
• Analysts remain broadly positive: Amazon has a “Moderate Buy” consensus rating and an average price target of $321.74.
• Amazon’s latest quarterly results fell slightly short of expectations, with EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion forecast; revenue rose 12.1% year over year.

Sigma Planning Corp cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 288,642 shares of the e-commerce giant's stock after selling 9,643 shares during the quarter. Amazon.com makes up approximately 1.8% of Sigma Planning Corp's holdings, making the stock its 6th biggest position. Sigma Planning Corp's holdings in Amazon.com were worth $71,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Straight Path Wealth Management purchased a new stake in Amazon.com during the 3rd quarter valued at approximately $341,000. Broadway Wealth Solutions Inc. lifted its holdings in shares of Amazon.com by 4.0% in the third quarter. Broadway Wealth Solutions Inc. now owns 9,416 shares of the e-commerce giant's stock worth $2,346,000 after buying an additional 358 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of Amazon.com by 0.9% in the third quarter. Financial Management Professionals Inc. now owns 12,342 shares of the e-commerce giant's stock worth $3,075,000 after buying an additional 112 shares in the last quarter. Total Wealth Planning & Management Inc. boosted its position in shares of Amazon.com by 0.6% during the third quarter. Total Wealth Planning & Management Inc. now owns 13,607 shares of the e-commerce giant's stock worth $3,390,000 after acquiring an additional 75 shares during the last quarter. Finally, Revolve Wealth Partners LLC boosted its position in shares of Amazon.com by 4.2% during the third quarter. Revolve Wealth Partners LLC now owns 28,799 shares of the e-commerce giant's stock worth $7,175,000 after acquiring an additional 1,148 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. Raymond James Financial reiterated an "outperform" rating and issued a $250.00 price target on shares of Amazon.com in a report on Friday, October 30th. Roth Capital reissued a "buy" rating and set a $325.00 price objective on shares of Amazon.com in a report on Monday, August 3rd. Freedom Broker raised their price objective on Amazon.com from $255.00 to $330.00 and gave the company a "buy" rating in a research report on Tuesday, November 3rd. Piper Sandler restated an "overweight" rating on shares of Amazon.com in a research report on Friday, October 30th. Finally, Mizuho lifted their target price on Amazon.com from $330.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, October 30th. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction dated 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 transaction, the chief executive officer owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. This represents a 44.97% 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. Over the last 90 days, insiders sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is currently owned by corporate insiders.

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

Amazon.com Trading Up 1.5%

Shares of AMZN opened at $270.87 on Wednesday. The company's fifty day moving average is $254.19 and its 200 day moving average is $243.93. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock has a market capitalization of $2.93 trillion, a PE ratio of 21.90, a P/E/G 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 (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion for the quarter, compared to analysts' expectations of $202.22 billion. During the same period in the previous year, the company earned $1.95 EPS. Amazon.com's revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

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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