Amazon.com, Inc. $AMZN Stock: XXI Wealth LLC Boosts Holdings

Key Points

• XXI Wealth increased its Amazon stake by 23.2% in the third quarter to 26,064 shares, worth about $6.5 million; Amazon represents 2.5% of the fund’s portfolio. Institutional investors collectively own 72.2% of the company.
• Amazon’s latest quarterly results slightly missed estimates: earnings were $1.89 per share versus $1.97 expected, and revenue was $201.94 billion versus $202.22 billion expected. Revenue nevertheless rose 12.1% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $321.74. AWS and advertising growth offer potential upside, while heavy AI and data-center spending raises cash-flow and cost concerns.

XXI Wealth LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 23.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 26,064 shares of the e-commerce giant's stock after purchasing an additional 4,908 shares during the period. Amazon.com comprises approximately 2.5% of XXI Wealth LLC's portfolio, making the stock its 6th largest position. XXI Wealth LLC's holdings in Amazon.com were worth $6,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Silvant Capital Management LLC purchased a new position in shares of Amazon.com in the second quarter valued at approximately $60,065,000. Public Employees Retirement System of Ohio purchased a new stake in Amazon.com during the 2nd quarter worth approximately $909,868,000. Northstar Financial Companies Inc. purchased a new stake in Amazon.com during the 2nd quarter worth approximately $3,376,000. Gryphon Financial Partners LLC increased its stake in Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after buying an additional 5,125 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its holdings in Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock worth $63,285,000 after buying an additional 5,104 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

More Amazon.com News

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 brokerages have commented on AMZN. Guggenheim reissued a "buy" rating and issued a $320.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Susquehanna reaffirmed a "positive" rating on shares of Amazon.com in a research report on Friday, October 30th. Cantor Fitzgerald reduced their price objective on Amazon.com from $310.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, October 30th. Monness Crespi & Hardt lifted their target price on Amazon.com from $315.00 to $330.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $320.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Two investment 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 company's stock. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $321.74.

Insiders Place Their Bets

In other news, CEO Douglas Herrington sold 1,000 shares of Amazon.com stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total transaction of $243,470.00. Following the completion of the sale, the chief executive officer directly owned 473,681 shares of the company's stock, valued at approximately $115,327,113.07. The trade was a 0.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the business'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 approximately $4,609,713.64. The trade was 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. In the last three months, insiders sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is currently owned by insiders.

Amazon.com Stock Down 0.3%

Shares of Amazon.com stock opened at $259.30 on Friday. 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 moving average of $253.96 and a 200 day moving average of $243.57. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $2.80 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.97 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS 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 firm had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same quarter last year, the firm earned $1.95 EPS. The company's revenue was up 12.1% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 7.80 EPS 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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