21,434 Amazon.com, Inc. $AMZN Shares Sold by WealthCare Asset Management LLC

WealthCare Asset Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 53.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,722 shares of the e-commerce giant’s stock after selling 21,434 shares during the quarter. Amazon.com accounts for 4.0% of WealthCare Asset Management LLC’s portfolio, making the stock its 6th biggest position. WealthCare Asset Management LLC’s holdings in Amazon.com were worth $4,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its position 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 acquiring an additional 21,398,025 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Amazon.com in the 2nd quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp bought a new position in shares of Amazon.com in the 2nd quarter worth approximately $16,341,405,000. Amundi raised its position in shares of Amazon.com by 3.9% in the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Amazon.com in the 2nd quarter valued at approximately $12,831,376,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $31,024,217.80. This represents a 1.92% 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. Over the last quarter, insiders sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is owned by corporate insiders.

More Amazon.com News

Investors following AMZN have been watching these news items:

• 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?

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $267.44 on Friday. The firm has a market cap of $2.89 trillion, a P/E ratio of 21.62, a PEG ratio of 2.02 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. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28. The company has a 50 day moving average of $254.66 and a 200 day moving average of $244.21.

Amazon.com (NASDAQ:AMZN) last issued its earnings results 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). The business 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 15.72% and a net margin of 16.90%. Amazon.com’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $1.95 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. Bank of America reaffirmed a “buy” rating and issued a $317.00 price target on shares of Amazon.com in a research note on Friday, October 30th. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research report on Friday, October 30th. Scotiabank dropped their target price on shares of Amazon.com from $325.00 to $300.00 and set a “sector outperform” rating on the stock in a report on Friday, October 30th. Royal Bank Of Canada restated an “outperform” rating and set a $330.00 target price on shares of Amazon.com in a report on Friday, October 30th. 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 investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

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.