1,963 Amazon.com, Inc. $AMZN Shares Sold by Lynx Investment Advisory

Lynx Investment Advisory trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,430 shares of the e-commerce giant’s stock after selling 1,963 shares during the quarter. Amazon.com comprises 1.1% of Lynx Investment Advisory’s investment portfolio, making the stock its 22nd biggest holding. Lynx Investment Advisory’s holdings in Amazon.com were worth $3,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Silvant Capital Management LLC purchased a new stake in shares of Amazon.com in the second quarter valued at $60,065,000. Public Employees Retirement System of Ohio purchased a new stake in Amazon.com during the 2nd quarter worth about $909,868,000. Northstar Financial Companies Inc. acquired a new position in Amazon.com in the 2nd quarter valued at about $3,376,000. Gryphon Financial Partners LLC raised its stake in Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after purchasing an additional 5,125 shares during the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in Amazon.com by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock valued at $63,285,000 after purchasing an additional 5,104 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% 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 three months, insiders sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMZN. Citizens Jmp lowered their price target on shares of Amazon.com from $315.00 to $275.00 and set a “market outperform” rating for the company in a report on Friday, October 30th. Morgan Stanley cut their price objective on shares of Amazon.com from $350.00 to $335.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Tigress Financial reissued a “buy” rating and set a $385.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. TD Cowen restated a “buy” rating and set a $340.00 target price (down from $350.00) on shares of Amazon.com in a research report on Friday, October 30th. Finally, Monness Crespi & Hardt lifted their target price on shares of Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a research note 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Amazon.com Trading Down 0.3%

AMZN traded down $0.78 during midday trading on Friday, hitting $266.66. The company’s stock had a trading volume of 31,035,709 shares, compared to its average volume of 50,501,436. 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 firm has a market cap of $2.88 trillion, a P/E ratio of 21.56, a PEG ratio of 2.03 and a beta of 1.49. The firm has a 50-day moving average price of $254.82 and a two-hundred day moving average price of $244.32. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The company had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Latest Amazon.com News

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

• Neutral Sentiment: Amazon updated Alexa’s shopping capabilities, but the report noted the stock weakened despite the changes, suggesting investors may want evidence of meaningful adoption or revenue impact. TipRanks article
• Negative Sentiment: Amazon’s European unit and managers could face a criminal trial in Italy over alleged unpaid import VAT and customs duties on third-party cross-border sales. A trial could bring legal costs, penalties, or reputational risk; the allegations have not been resolved. Yahoo Finance article
• Negative Sentiment: United Airlines’ CEO reportedly criticized Amazon Leo as a mistake while praising Starlink’s competitive position, highlighting execution and competition risks for Amazon’s satellite initiative. Benzinga article

About Amazon.com

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.