Hosking Partners LLP Sells 15,293 Shares of Amazon.com, Inc. $AMZN

Key Points

• Hosking Partners cut its Amazon stake by 6.3%, selling 15,293 shares in the third quarter; it retained 229,053 shares valued at about $57.1 million.
• Amazon’s latest quarter fell short of analyst expectations, reporting EPS of $1.89 versus $1.97 expected and revenue of $201.94 billion versus $202.22 billion. Revenue still grew 12.1% year over year.
• Analysts maintain a Moderate Buy consensus, with an average price target of $321.02; 56 analysts rate the stock Buy and three rate it Hold.

Hosking Partners LLP trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 229,053 shares of the e-commerce giant's stock after selling 15,293 shares during the quarter. Amazon.com makes up about 2.0% of Hosking Partners LLP's investment portfolio, making the stock its 14th biggest position. Hosking Partners LLP's holdings in Amazon.com were worth $57,069,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMZN. State Street Corp increased its holdings in Amazon.com by 5.5% during the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock valued at $95,504,904,000 after purchasing an additional 21,398,025 shares in the last quarter. Bank of America Corp DE acquired a new position in Amazon.com in the second quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com during the second quarter worth $16,341,405,000. Amundi grew its holdings in shares of Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Amazon.com in the second quarter valued at $12,831,376,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Up 2.1%

AMZN opened at $250.69 on Wednesday. The firm has a 50 day simple moving average of $253.79 and a 200 day simple moving average of $243.18. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The company has a market cap of $2.71 trillion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82.

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 business had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. During the same period in the previous year, the business posted $1.95 earnings per share. Amazon.com's revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 7.84 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Monness Crespi & Hardt lifted their price target on Amazon.com from $315.00 to $330.00 and gave the company a "buy" rating in a report on Friday, July 31st. Morgan Stanley decreased their price objective on shares of Amazon.com from $350.00 to $335.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Yorkville Ives initiated coverage on shares of Amazon.com in a research report on Monday, October 19th. They issued an "outperform" rating and a $300.00 price objective for the company. Roth Capital reaffirmed a "buy" rating and issued a $325.00 target price on shares of Amazon.com in a research note on Monday, August 3rd. Finally, Benchmark upped their target price on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $321.02.

More Amazon.com News

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

• Positive Sentiment: Amazon said commitments for its custom chips have increased more than 20-fold and plans to make Trainium available beyond AWS in late 2027, strengthening its opportunity to monetize AI infrastructure. Article: Amazon Stocks Edge Higher as Custom-Chip Commitments Increase More Than 20-Fold
• Positive Sentiment: Analyst support added momentum: Freedom Broker raised its price target to $330 and maintained a Buy rating, while Phillip Securities upgraded Amazon to Strong Buy. AWS growth is a key part of the bullish case. Freedom Broker rating
• Positive Sentiment: Early Black Friday promotions may support retail sales and customer engagement as Amazon enters the holiday shopping season. Article: Amazon Stock Rises on Early Black Friday Deals and Discounts
• Neutral Sentiment: Amazon’s updated software-engineering guidelines emphasize customer results rather than how much engineers use AI. The shift signals adaptation to AI-assisted development but has no clear immediate financial impact. Article: Amazon rewrites its software engineering playbook
• Negative Sentiment: Investors remain concerned that the AI buildout is weighing on cash generation: reports cited a $34.8 billion free-cash-flow outflow and plans for substantial infrastructure investment. Strong cloud growth may help justify the spending, but returns and funding remain risks. Article: Amazon Lines Up $80 Billion of Supplier Financing
• Negative Sentiment: A separate report highlighted concerns about slowing e-commerce growth and worsening cash burn despite accelerating cloud revenue, tempering the bullish AI narrative. Article: Amazon's Earnings Just Hit a Record. So Why Is the Stock Down 11% From Its Peak?

Insider Buying and Selling

In other news, CEO Douglas Herrington sold 6,362 shares of the firm's stock in a transaction on 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 directly owned 476,681 shares in the company, valued at $123,465,145.81. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction on 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 $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. 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 have sold a total of 70,589 shares of company stock worth $18,302,125 over the last 90 days. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Profile

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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