Bell Asset Management Ltd Sells 19,283 Shares of Amazon.com, Inc. $AMZN

Key Points

• Bell Asset Management cut its Amazon stake by 26.9% in the third quarter, selling 19,283 shares and retaining 52,297 shares valued at approximately $13.03 million. Amazon remains the firm’s fourth-largest holding, representing about 4.8% of its portfolio.
• Other institutional investors generally increased their Amazon positions, while institutional investors collectively owned 72.2% of the stock. Amazon insiders sold 71,589 shares worth about $18.6 million over the past three months, including sales by the CEO and CFO under pre-arranged trading plans.
• Amazon reported quarterly revenue of $200.61 billion and EPS of $5.75, beating analyst estimates, with revenue up 19.6% year over year. Analysts maintain a “Moderate Buy” consensus and an average price target of $322.53 versus the reported share price near $254.08.

Bell Asset Management Ltd decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 26.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,297 shares of the e-commerce giant's stock after selling 19,283 shares during the period. Amazon.com accounts for about 4.8% of Bell Asset Management Ltd's portfolio, making the stock its 4th biggest holding. Bell Asset Management Ltd's holdings in Amazon.com were worth $13,030,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Horrell Capital Management Inc. lifted its position in shares of Amazon.com by 73.9% in the third quarter. Horrell Capital Management Inc. now owns 44,394 shares of the e-commerce giant's stock worth $11,061,000 after buying an additional 18,860 shares in the last quarter. Hamilton Capital LLC increased its stake in Amazon.com by 0.8% in the 3rd quarter. Hamilton Capital LLC now owns 12,007 shares of the e-commerce giant's stock worth $2,992,000 after acquiring an additional 96 shares during the last quarter. CoreCap Advisors LLC increased its stake in Amazon.com by 0.9% in the 3rd quarter. CoreCap Advisors LLC now owns 119,152 shares of the e-commerce giant's stock worth $29,629,000 after acquiring an additional 1,064 shares during the last quarter. Kure Advisory LLC increased its stake in Amazon.com by 2.5% in the 3rd quarter. Kure Advisory LLC now owns 2,259 shares of the e-commerce giant's stock worth $563,000 after acquiring an additional 55 shares during the last quarter. Finally, Artemis Investment Management LLP raised its holdings in shares of Amazon.com by 24.4% during the 3rd quarter. Artemis Investment Management LLP now owns 811,885 shares of the e-commerce giant's stock worth $202,281,000 after acquiring an additional 159,358 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 14,541 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares in the company, valued at approximately $28,427,674.17. This trade represents a 5.35% 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. Over the last three months, insiders sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is owned by company insiders.

Amazon.com Stock Down 1.7%

NASDAQ:AMZN opened at $254.08 on Thursday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a market cap of $2.74 trillion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.00 and a beta of 1.45. The stock has a fifty day simple moving average of $257.59 and a 200-day simple moving average of $251.19. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business's revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. Analysts anticipate that Amazon.com, Inc. will post 8.03 EPS for the current year.

More Amazon.com News

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

• Positive Sentiment: AWS remains the key bullish catalyst. Reports highlight a $496 billion AWS backlog, cloud margins near 39%, and continued demand for AI infrastructure. Amazon also said its custom-chip and AI businesses each surpassed $25 billion, supporting the case that Trainium and Inferentia could eventually reduce reliance on Nvidia GPUs. AWS Backlog and Cloud Margins
• Positive Sentiment: Amazon is expanding its AI ecosystem. The company is reportedly considering a roughly $7 billion acquisition of Decart, whose software helps run AI workloads across Nvidia and Amazon chips. The deal could accelerate Trainium adoption and improve AWS’s competitive position. Amazon Decart AI Deal
• Positive Sentiment: Analyst fundamentals remain supportive. Erste Group raised its FY2027 EPS estimate to $10.71 from $10.54, while Amazon’s Prime Video sports strategy could increase engagement, retention and advertising opportunities. Amazon Prime Video Sports Strategy
• Neutral Sentiment: Investor positioning may amplify volatility. Amazon was reportedly the most widely owned hedge-fund stock in September, creating potential support but also increasing the risk of crowded-trade selling if earnings or AWS growth disappoints. Amazon Hedge Fund Ownership
• Negative Sentiment: AI investment is pressuring cash flow. Amazon’s planned spending of roughly $200 billion to $220 billion raises concerns about capital intensity, returns on invested capital and near-term free cash flow, even as operating cash flow improves. Amazon AI Spending
• Negative Sentiment: Regulatory and execution risks increased. Lawmakers asked the FAA to conduct a site-specific environmental review of Amazon’s proposed Massachusetts drone hub, citing noise, privacy, safety and environmental concerns. Amazon also recalled more than 112,000 bottles of acetaminophen sold through its platform. FAA Review of Amazon Drone Hub
• Negative Sentiment: New hardware faces market skepticism. Amazon’s $499.99-plus Alexa Tablet 12 Pro moves the company into a higher-priced segment against Apple’s iPad, while Apple’s new smart-home products intensify competition. Amazon Alexa Tablet Launch

Analyst Ratings Changes

Several analysts have recently issued reports on AMZN shares. Phillip Securities cut shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, August 3rd. HSBC reissued a "buy" rating and set a $310.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Benchmark upped their price objective on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, July 31st. The Goldman Sachs Group restated a "buy" rating and set a $375.00 price objective (up from $335.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Piper Sandler reissued an "overweight" rating and set a $320.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $322.53.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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