Sterling Manor Financial LLC Buys New Holdings in Amazon.com, Inc. $AMZN

Key Points

• Sterling Manor Financial opened a position in Amazon during the third quarter, buying 3,330 shares valued at about $830,000—roughly 0.5% of its portfolio.
• Amazon’s latest quarterly results slightly missed analyst expectations for both EPS ($1.89 versus $1.97) and revenue ($201.94 billion versus $202.22 billion), though revenue grew 12.1% year over year.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $321.02; the article also notes concerns about AI-related cash spending and cash flow.

Sterling Manor Financial LLC purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,330 shares of the e-commerce giant's stock, valued at approximately $830,000. Amazon.com comprises approximately 0.5% of Sterling Manor Financial LLC's holdings, making the stock its 21st biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake 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 during the last quarter. Bank of America Corp DE bought a new stake in shares of Amazon.com in the 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com in the 2nd quarter worth $16,341,405,000. Amundi raised its stake in shares of Amazon.com by 3.9% in 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 purchased a new position in shares of Amazon.com in the second quarter worth $12,831,376,000. Institutional investors own 72.20% of the company's stock.

Trending Headlines about Amazon.com

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?

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction 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 owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the business's stock in a transaction on 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 sale, the chief financial officer directly owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. The trade was 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. In the last ninety days, insiders sold 70,589 shares of company stock valued at $18,302,125. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

AMZN opened at $250.69 on Wednesday. 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 company has a market cap of $2.71 trillion, a price-to-earnings ratio of 20.27, a PEG ratio of 1.86 and a beta of 1.49. The company's 50 day moving average is $253.79 and its 200 day moving average is $243.18. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $202.22 billion. During the same quarter last year, the firm posted $1.95 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 7.84 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AMZN shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $360.00 price target on shares of Amazon.com in a report on Friday, October 30th. Tigress Financial reaffirmed a "buy" rating and set a $385.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Benchmark lifted their price objective on Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, Monness Crespi & Hardt boosted their target price on Amazon.com from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.02.

Amazon.com Company 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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