2,162 Amazon.com, Inc. $AMZN Shares Sold by Trust Co. of Oklahoma

Trust Co. of Oklahoma trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,658 shares of the e-commerce giant’s stock after selling 2,162 shares during the period. Amazon.com makes up approximately 2.0% of Trust Co. of Oklahoma’s investment portfolio, making the stock its 11th largest holding. Trust Co. of Oklahoma’s holdings in Amazon.com were worth $6,891,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AMZN. Turtle Creek Wealth Advisors LLC raised its holdings in Amazon.com by 9.1% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 137,066 shares of the e-commerce giant’s stock worth $34,150,000 after acquiring an additional 11,389 shares in the last quarter. WealthPlan Investment Management LLC grew its stake in Amazon.com by 30.6% in the third quarter. WealthPlan Investment Management LLC now owns 112,796 shares of the e-commerce giant’s stock valued at $28,103,000 after purchasing an additional 26,448 shares in the last quarter. SBE LLC DBA Cedar Cove Wealth Partners increased its position in shares of Amazon.com by 3.3% during the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 2,612 shares of the e-commerce giant’s stock worth $651,000 after purchasing an additional 83 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Amazon.com by 4.8% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,959 shares of the e-commerce giant’s stock worth $7,464,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Nvwm LLC raised its stake in shares of Amazon.com by 0.5% during the 3rd quarter. Nvwm LLC now owns 68,438 shares of the e-commerce giant’s stock worth $17,050,000 after purchasing an additional 313 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMZN shares. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Friday, July 31st. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Oppenheimer reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. HSBC reiterated a “buy” rating and issued a $310.00 price target on shares of Amazon.com in a research note on Friday, July 31st. Finally, Truist Financial lifted their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $322.53.

Amazon.com Trading Down 1.0%

AMZN stock opened at $248.00 on Friday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The stock has a market cap of $2.68 trillion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.06 and a beta of 1.45. The company has a fifty day moving average price of $255.56 and a two-hundred day moving average price of $253.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 7.55 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at $579,085,751.66. This represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at $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 have sold a total of 71,589 shares of company stock worth $18,580,515 in the last ninety days. Insiders own 8.90% of the company’s stock.

Amazon.com News Roundup

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon’s $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

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.