Amazon.com, Inc. $AMZN Stock: VestGen Advisors LLC Reduces Stake

Key Points

• VestGen Advisors cut its Amazon stake by 3.0%, selling 7,220 shares in the third quarter; it still held 232,933 shares valued at about $58.0 million.
• Amazon’s latest quarterly results fell short of estimates: EPS was $1.89 versus $1.97 expected, and revenue was $201.94 billion versus $202.22 billion expected. Revenue nevertheless grew 12.1% year over year.
• Analysts’ consensus rating was “Moderate Buy”, with a consensus price target of $321.74; AMZN was trading at $266.66 in the report.

VestGen Advisors LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,933 shares of the e-commerce giant's stock after selling 7,220 shares during the quarter. Amazon.com accounts for approximately 1.8% of VestGen Advisors LLC's portfolio, making the stock its 7th largest position. VestGen Advisors LLC's holdings in Amazon.com were worth $58,035,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AMZN. Red Crane Wealth Management LLC grew its stake in Amazon.com by 2.3% in the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock worth $346,000 after buying an additional 38 shares in the last quarter. Stegent Equity Advisors Inc. increased its holdings in shares of Amazon.com by 2.7% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant's stock worth $364,000 after buying an additional 39 shares during the last quarter. Robinson Smith Wealth Advisors LLC raised its position in shares of Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock valued at $1,147,000 after buying an additional 40 shares in the last quarter. Sfam LLC raised its position in shares of Amazon.com by 3.4% during the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant's stock valued at $255,000 after buying an additional 40 shares in the last quarter. Finally, Measured Risk Portfolios Inc. raised its position in shares of Amazon.com by 3.4% during the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant's stock valued at $251,000 after buying an additional 40 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.3%

Shares of AMZN stock traded down $0.78 on Friday, hitting $266.66. 31,035,709 shares of the company's stock traded hands, compared to its average volume of 50,501,436. The stock has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 2.03 and a beta of 1.49. The company's fifty day simple moving average is $254.82 and its 200 day simple moving average is $244.32. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. 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 posted its quarterly earnings results 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). The business had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.95 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current year.

Insider Activity

In other news, CEO Douglas Herrington sold 6,362 shares of Amazon.com 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. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a 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, SVP David Zapolsky sold 9,258 shares of Amazon.com 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 completion of the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This represents a 18.35% 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. In the last ninety days, insiders sold 71,589 shares of company stock valued at $18,545,595. Company insiders own 8.90% of the company's stock.

Top Amazon.com Stories

These are some of the AMZN stories that stood out recently:

• Positive Sentiment: Amazon remains an AI and cloud growth story: a recent investor article cited AWS revenue growth of 39% and projected growth above 40% in 2027 and 2028. Continued cloud momentum may support the investment case. The Motley Fool article
• Neutral Sentiment: Amazon updated Alexa’s shopping capabilities, but the report noted the stock weakened despite the changes, suggesting investors may want evidence of meaningful adoption or revenue impact. TipRanks article
• Negative Sentiment: United Airlines’ CEO reportedly criticized Amazon Leo as a mistake while praising Starlink’s competitive position, highlighting execution and competition risks for Amazon’s satellite initiative. Benzinga article

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Benchmark increased their target price on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Piper Sandler restated an "overweight" rating on shares of Amazon.com in a research report on Friday, October 30th. Bank of America reaffirmed a "buy" rating and set a $317.00 price target on shares of Amazon.com in a research note on Friday, October 30th. Finally, Deutsche Bank reiterated a "buy" rating and issued a $325.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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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