Integrated Advisors Network LLC Sells 14,846 Shares of Amazon.com, Inc. $AMZN

Key Points

• Integrated Advisors Network LLC reduced its Amazon stake by 10.1%, selling 14,846 shares and retaining 131,914 shares valued at approximately $32.9 million. Amazon remains the firm’s 10th-largest holding and represents about 1.5% of its portfolio.
• Analysts remain broadly bullish, with Amazon receiving a “Moderate Buy” consensus rating and an average price target of $320.86, although Cantor Fitzgerald lowered its target to $280 from $310.
• Amazon’s latest quarterly results were mixed: revenue rose 12.1% to $201.94 billion, but earnings of $1.89 per share missed the $1.97 consensus estimate. Insiders also sold 70,589 shares worth approximately $18.3 million over the past three months.

Integrated Advisors Network LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 131,914 shares of the e-commerce giant's stock after selling 14,846 shares during the period. Amazon.com accounts for approximately 1.5% of Integrated Advisors Network LLC's portfolio, making the stock its 10th largest position. Integrated Advisors Network LLC's holdings in Amazon.com were worth $32,866,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AMZN shares. Cantor Fitzgerald dropped their price target on Amazon.com from $310.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday. Piper Sandler reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Friday. Sanford C. Bernstein reiterated an "outperform" rating and issued a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Evercore reiterated an "outperform" rating on shares of Amazon.com in a research note on Friday. Finally, Susquehanna reiterated a "positive" rating on shares of Amazon.com in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $320.86.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 14,541 shares of the firm's stock in a transaction dated 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 $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. 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, CEO Douglas Herrington sold 6,362 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction 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. This trade represents a 1.32% 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. Insiders sold 70,589 shares of company stock valued at $18,302,125 over the last three months. Insiders own 8.90% of the company's stock.

Amazon.com Trading Up 2.2%

NASDAQ:AMZN opened at $245.63 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The firm has a 50-day moving average of $254.02 and a 200-day moving average of $243.11. The company has a market cap of $2.65 trillion, a PE ratio of 19.86, a PEG ratio of 1.98 and a beta of 1.45. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $201.94 billion during the quarter, compared to analysts' expectations of $202.22 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $1.95 earnings per share. As a group, equities research analysts expect that Amazon.com, Inc. will post 8.00 EPS for the current fiscal year.

Amazon.com News Summary

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

• Positive Sentiment: Phillip Securities upgraded Amazon (AMZN) to Buy from Accumulate and raised its price target to $330 from $320, citing strong cloud demand visibility and Amazon’s positioning in artificial intelligence. Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target
• Positive Sentiment: Investors are emphasizing AWS, where revenue reportedly grew 39%, alongside improving operating leverage in Amazon’s retail business. Analysts argue that AWS could become a substantially larger profit and revenue driver over time. Is Amazon Stock a Buy as Cloud Revenue Continues to Surge?
• Positive Sentiment: Additional bullish commentary includes reiterated outperform and buy ratings, with some analysts maintaining targets above $300. Amazon’s broad exposure to e-commerce, advertising, cloud computing and AI supports the long-term investment case. Amazon’s AWS Growth and Profitability Support a Buy Despite Price Target Cut to $300
• Positive Sentiment: Amazon’s $25 Thanksgiving meal bundle with same-day delivery highlights continued efforts to increase grocery convenience and holiday spending, although the direct earnings impact is likely limited. Amazon Offers Same-Day Delivery for Thanksgiving Meals
• Neutral Sentiment: Amazon’s third-quarter revenue rose 12.1% to approximately $201.9 billion, but earnings of $1.89 per share missed the $1.97 consensus estimate. The mixed results explain the recent volatility and leave investors focused on AWS profitability and forward spending.
• Negative Sentiment: Amazon’s aggressive AI and data-center investment plan is expected to pressure free cash flow. A proposed $2 billion Ohio data center also faces local opposition, creating potential delays or additional costs. Amazon’s $2 Billion Data Center Faces Election Day Threat
• Negative Sentiment: Some analysts warn that AI shopping agents could reduce Amazon’s control over product discovery, customer traffic and advertising, posing a longer-term competitive threat. The Shopping Bots Are Coming for Amazon

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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