Eagle Rock Investment Company LLC Buys 2,709 Shares of Amazon.com, Inc. $AMZN

Key Points

• Eagle Rock Investment Company increased its Amazon stake by 4.9% in the third quarter, buying 2,709 shares. It held 57,769 shares worth about $14.4 million at the time of its latest filing.
• Amazon’s latest quarterly results fell slightly short of estimates: EPS was $1.89 versus $1.97 expected, and revenue was $201.94 billion versus $202.22 billion expected. Revenue nevertheless rose 12.1% year over year.
• Analyst sentiment remains broadly positive, with a MarketBeat consensus rating of Moderate Buy and an average price target of $321.74.

Eagle Rock Investment Company LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,769 shares of the e-commerce giant's stock after purchasing an additional 2,709 shares during the quarter. Amazon.com makes up approximately 1.7% of Eagle Rock Investment Company LLC's investment portfolio, making the stock its 16th biggest position. Eagle Rock Investment Company LLC's holdings in Amazon.com were worth $14,393,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. TOP Private Wealth LLC. bought a new position in shares of Amazon.com in the second quarter worth about $29,000. Bard Associates Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $33,000. Atomic Invest LLC grew its stake in shares of Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after acquiring an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $68,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 6.2%

NASDAQ AMZN opened at $266.31 on Thursday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The stock has a market cap of $2.88 trillion, a PE ratio of 21.53, a P/E/G ratio of 1.90 and a beta of 1.49. The stock's 50 day moving average is $253.90 and its 200 day moving average is $243.32.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $201.94 billion for the quarter, compared to analysts' expectations of $202.22 billion. During the same period last year, the business earned $1.95 earnings per share. The company's quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMZN. Tigress Financial reissued a "buy" rating and issued a $385.00 target price (up from $315.00) on shares of Amazon.com in a report on Tuesday, October 6th. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Yorkville Ives began coverage on shares of Amazon.com in a research report on Monday, October 19th. They issued an "outperform" rating and a $300.00 price target for the company. TD Cowen reissued a "buy" rating and issued a $340.00 price objective (down from $350.00) on shares of Amazon.com in a research note on Friday, October 30th. Finally, Citigroup restated a "market outperform" rating on shares of Amazon.com in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $321.74.

Insider Activity at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company's stock, valued at $10,699,926.30. This represents a 18.35% decrease in their position. The transaction was disclosed in a document filed 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, CFO Brian T. Olsavsky sold 6,172 shares of the stock in a transaction dated Friday, August 21st. The shares were 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 of the company's stock, valued at $28,427,674.17. This trade represents a 5.35% 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. Insiders sold a total of 71,589 shares of company stock valued at $18,545,595 in the last ninety days. Corporate insiders own 8.90% of the company's stock.

Amazon.com News Roundup

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

• Positive Sentiment: AWS growth and demand are driving optimism. AWS revenue grew nearly 40% in the latest quarter, while its $578 billion backlog points to substantial future demand. Management expects AWS growth above 40% in 2027 and 2028, helping bolster the long-term AI and cloud outlook. Article: Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
• Positive Sentiment: Market conditions favored large technology companies. A post-election rally lifted Big Tech, with investors appearing less concerned that potential data-center restrictions would derail the largest cloud providers’ expansion plans. A reported cloud-capacity shortage may also give Amazon and peers room to raise prices. Article: Microsoft and Amazon combine for a $400 billion market-cap boost
• Positive Sentiment: Amazon is expanding Alexa shopping access. A new merchant workspace lets eligible sellers connect their stores to Alexa for Shopping and Amazon’s online properties, potentially broadening product selection and shopping engagement. Article: Amazon Offers Merchants New Connection to Alexa for Shopping
• Neutral Sentiment: Worldwide Amazon Stores CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan, a small portion of his remaining holdings; the planned transaction is not necessarily a signal about the company’s outlook. SEC filing
• Negative Sentiment: AI investment is weighing on cash generation. Amazon’s roughly $220 billion spending plan is contributing to negative free cash flow, leaving investors focused on when infrastructure spending will produce returns. AI shopping agents could also challenge the advertising revenue and customer-data model used by Amazon and other retailers. Article: AI shopping agents could threaten Amazon and Walmart's ad business

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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