Amazon.com, Inc. $AMZN Position Lifted by Strategic Planning Group LLC

Strategic Planning Group LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 41.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,076 shares of the e-commerce giant’s stock after acquiring an additional 58,469 shares during the period. Amazon.com comprises approximately 5.1% of Strategic Planning Group LLC’s holdings, making the stock its 3rd largest position. Strategic Planning Group LLC’s holdings in Amazon.com were worth $49,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. CMH Wealth Management LLC raised its holdings in Amazon.com by 6.9% in the 3rd quarter. CMH Wealth Management LLC now owns 95,792 shares of the e-commerce giant’s stock worth $23,867,000 after purchasing an additional 6,153 shares during the period. Benin Management CORP lifted its position in Amazon.com by 2.0% during the third quarter. Benin Management CORP now owns 29,897 shares of the e-commerce giant’s stock valued at $7,449,000 after purchasing an additional 600 shares in the last quarter. Howland Capital Management LLC grew its holdings in Amazon.com by 1.0% during the third quarter. Howland Capital Management LLC now owns 339,027 shares of the e-commerce giant’s stock valued at $84,469,000 after purchasing an additional 3,235 shares during the period. Culbertson A N & Co. Inc. grew its holdings in Amazon.com by 4.4% during the third quarter. Culbertson A N & Co. Inc. now owns 43,663 shares of the e-commerce giant’s stock valued at $10,879,000 after purchasing an additional 1,838 shares during the period. Finally, Virtue Asset Management LLC grew its holdings in Amazon.com by 1.8% during the third quarter. Virtue Asset Management LLC now owns 13,774 shares of the e-commerce giant’s stock valued at $3,432,000 after purchasing an additional 245 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com News Roundup

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

• Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon’s CEO Andy Jassy Just Announced Huge News for Amazon Investors
• Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I’d Buy Right Now
• Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
• Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
• Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 1,000 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total value of $243,470.00. Following the transaction, the chief executive officer owned 473,681 shares of the company’s stock, valued at approximately $115,327,113.07. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 the company’s stock in a transaction 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 transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. This represents 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. Over the last 90 days, insiders sold 71,589 shares of company stock worth $18,545,595. Insiders own 8.90% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of several recent research reports. DA Davidson set a $250.00 price objective on Amazon.com and gave the stock a “neutral” rating in a research note on Friday, October 30th. Citizens Jmp cut their price objective on Amazon.com from $315.00 to $275.00 and set a “market outperform” rating for the company in a research note on Friday, October 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $335.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Sanford C. Bernstein restated an “outperform” rating and set a $320.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Tigress Financial restated a “buy” rating and set a $385.00 target price (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $321.74.

Amazon.com Price Performance

Shares of NASDAQ AMZN traded down $0.91 during mid-day trading on Friday, reaching $259.30. The company’s stock had a trading volume of 42,467,151 shares, compared to its average volume of 42,636,872. The firm has a market capitalization of $2.80 trillion, a PE ratio of 20.96, a P/E/G ratio of 1.86 and a beta of 1.49. 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 fifty day moving average of $253.96 and a two-hundred day moving average of $243.57. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20.

Amazon.com (NASDAQ:AMZN) last issued 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 period last year, the business posted $1.95 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 7.80 EPS 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.