WealthCare Asset Management LLC Sells 21,434 Shares of Amazon.com, Inc. $AMZN

Key Points

• WealthCare Asset Management cut its Amazon stake by 53.4% in the third quarter, selling 21,434 shares and ending the period with 18,722 shares valued at about $4.67 million.
• Amazon reported quarterly EPS of $1.89, below the $1.97 analyst consensus, and revenue of $201.94 billion versus $202.22 billion expected; revenue was up 12.1% year over year.
• Analysts maintain a “Moderate Buy” consensus on Amazon, with an average price target of $321.74.

WealthCare Asset Management LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 53.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,722 shares of the e-commerce giant's stock after selling 21,434 shares during the quarter. Amazon.com comprises approximately 4.0% of WealthCare Asset Management LLC's investment portfolio, making the stock its 6th largest holding. WealthCare Asset Management LLC's holdings in Amazon.com were worth $4,665,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp bought a new position in Amazon.com in the 2nd quarter worth approximately $16,341,405,000. Legal & General Group Plc bought a new position in shares of Amazon.com in the second quarter worth $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Amazon.com in the second quarter worth $6,631,466,000. Finally, Jupiter Topco LLC purchased a new position in shares of Amazon.com in the second quarter valued at $5,910,083,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Up 0.5%

Shares of AMZN opened at $267.44 on Friday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The stock has a 50 day simple moving average of $254.66 and a two-hundred day simple moving average of $244.21. The firm has a market cap of $2.89 trillion, a P/E ratio of 21.62, a P/E/G ratio of 2.02 and a beta of 1.49.

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 for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. During the same quarter in the previous year, the firm posted $1.95 earnings per share. The company's revenue was up 12.1% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Key Amazon.com News

These are some of the AMZN news items that stood out recently:

• Positive Sentiment: Amazon plans to hire 300,000 seasonal workers for the holidays, a sign of preparations for peak shopping demand. Investors are also watching a planned Amazon Leo rocket launch as a step toward expanding its satellite-internet service. What Is Going on with Amazon Stock on Thursday? Amazon Stock Rises Ahead of a Leo Rocket Launch
• Neutral Sentiment: Amazon shared progress on its $2.5 billion Future Ready 2030 skills-training commitment. The program may support workforce development and hiring over time, but its direct near-term financial impact is unclear. Amazon Future Ready 2030 update
• Negative Sentiment: Risks include pushback from Eastern Washington residents over water use and transparency tied to a proposed data-center campus. Separately, Amazon’s planned roughly $220 billion in 2026 capital spending is weighing on free cash flow, even as the company invests to meet AI demand. Amazon data center plan draws protests Will Rising AI Capex Weigh on Amazon’s Free Cash Flow?

Wall Street Analyst Weigh In

A number of research analysts have weighed in on AMZN shares. KeyCorp set a $345.00 target price on Amazon.com and gave the company an "overweight" rating in a report on Friday, October 30th. Morgan Stanley cut their price target on shares of Amazon.com from $350.00 to $335.00 and set an "overweight" rating for the company in a report on Friday, October 30th. Guggenheim restated a "buy" rating and set a $320.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Friday, October 30th. Finally, DA Davidson set a $250.00 price objective on Amazon.com and gave the stock a "neutral" rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $321.74.

Insider Buying and Selling

In related news, CEO Douglas Herrington sold 1,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $243.47, for a total transaction of $243,470.00. Following the completion of the sale, the chief executive officer directly owned 473,681 shares in the company, valued at $115,327,113.07. This represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 business's stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 41,190 shares of the company's stock, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,589 shares of company stock worth $18,545,595 in the last 90 days. 8.90% of the stock is currently owned by company insiders.

Amazon.com 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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