Peterson Wealth Services Acquires 2,198 Shares of Amazon.com, Inc. $AMZN

Key Points

• Peterson Wealth Services increased its Amazon stake by 3.7% in the third quarter, adding 2,198 shares to hold 61,568 shares valued at about $15.34 million.
• Institutional investors own 72.2% of Amazon shares. Analysts give the stock a consensus “Moderate Buy” rating and an average price target of $321.74.
• Amazon’s latest quarter showed revenue growth of 12.1% year over year, but earnings and revenue slightly missed forecasts. The article also notes that heavy AI investment is weighing on free cash flow, while potential Anthropic-related gains remain uncertain.

Peterson Wealth Services raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,568 shares of the e-commerce giant's stock after buying an additional 2,198 shares during the period. Amazon.com comprises 3.2% of Peterson Wealth Services' investment portfolio, making the stock its 7th largest position. Peterson Wealth Services' holdings in Amazon.com were worth $15,340,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. TOP Private Wealth LLC. acquired a new stake in Amazon.com in the 2nd quarter valued at $29,000. Bard Associates Inc. acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at about $33,000. Atomic Invest LLC grew its position 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 buying an additional 49 shares during the last quarter. Finally, Strategic Wealth Advisors LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at about $68,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Amazon.com

Investors following AMZN have been watching these stories:

• Positive Sentiment: Anthropic could add strategic and financial upside. Amazon is a major Anthropic investor and cloud provider; an anticipated IPO could raise the estimated value of its stake substantially, while Anthropic’s infrastructure commitments may generate AWS business. Any IPO valuation gain remains prospective, not cash already realized. Anthropic IPO article
• Negative Sentiment: AI spending is pressuring free cash flow. Amazon expects approximately $220 billion in 2026 capital expenditures, and its AI buildout has pushed free cash flow into negative territory. Investors may remain cautious until spending translates into returns. AI capital expenditures article
• Negative Sentiment: Legal proceedings add uncertainty. Italian prosecutors are pursuing allegations involving unpaid import VAT and customs duties, while a U.S. court certified a class action alleging biometric-data violations through Amazon Photos. Both matters could create financial and reputational costs; the allegations have not been proven. Italy VAT case article Biometric-data lawsuit article

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMZN. TD Cowen reissued a "buy" rating and issued a $340.00 target price (down from $350.00) on shares of Amazon.com in a report on Friday, October 30th. Cantor Fitzgerald lowered their price objective on Amazon.com from $310.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, October 30th. HSBC reiterated a "buy" rating and issued a $310.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Phillip Securities raised shares of Amazon.com from a "moderate buy" rating to a "strong-buy" rating in a report on Monday, November 2nd. Finally, Barclays restated an "overweight" rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average target price of $321.74.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade 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 sold a total of 71,589 shares of company stock valued at $18,545,595 over the last three months. 8.90% of the stock is owned by company insiders.

Amazon.com Trading Down 1.7%

Shares of NASDAQ:AMZN opened at $266.17 on Thursday. The company has a 50 day moving average of $254.41 and a 200-day moving average of $244.06. 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 firm has a market cap of $2.88 trillion, a P/E ratio of 21.52, a P/E/G ratio of 2.06 and a beta of 1.49. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 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 analyst estimates of $202.22 billion. During the same quarter in the prior year, the business earned $1.95 EPS. Amazon.com's revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share 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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