Amazon.com, Inc. $AMZN Shares Bought by Western Wealth Management LLC

Western Wealth Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 147,457 shares of the e-commerce giant’s stock after purchasing an additional 4,058 shares during the period. Amazon.com comprises about 1.7% of Western Wealth Management LLC’s holdings, making the stock its 11th largest position. Western Wealth Management LLC’s holdings in Amazon.com were worth $32,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Breakwater Capital Group grew its stake in Amazon.com by 1.4% during the 3rd quarter. Breakwater Capital Group now owns 29,217 shares of the e-commerce giant’s stock worth $6,415,000 after buying an additional 408 shares during the last quarter. Legacy Financial Strategies LLC grew its position in shares of Amazon.com by 9.5% during the third quarter. Legacy Financial Strategies LLC now owns 13,325 shares of the e-commerce giant’s stock worth $2,926,000 after acquiring an additional 1,153 shares during the last quarter. Provident Co of the Employees of the Hebrew University LTD increased its holdings in shares of Amazon.com by 4.1% in the 3rd quarter. Provident Co of the Employees of the Hebrew University LTD now owns 23,473 shares of the e-commerce giant’s stock valued at $5,140,000 after acquiring an additional 933 shares during the period. Candriam S.C.A. increased its holdings in shares of Amazon.com by 6.5% in the 3rd quarter. Candriam S.C.A. now owns 2,337,689 shares of the e-commerce giant’s stock valued at $513,286,000 after acquiring an additional 143,383 shares during the period. Finally, New York Life Investment Management LLC raised its position in Amazon.com by 2.5% in the 3rd quarter. New York Life Investment Management LLC now owns 1,321,824 shares of the e-commerce giant’s stock valued at $290,233,000 after purchasing an additional 31,706 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMZN. JPMorgan Chase & Co. restated a “buy” rating on shares of Amazon.com in a research note on Friday, February 6th. Royal Bank Of Canada reissued an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a report on Friday, February 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Amazon.com in a research note on Friday, February 6th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, February 2nd. Finally, Benchmark reissued a “buy” rating on shares of Amazon.com in a report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.29.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon’s data-center unit is buying George Washington University’s Virginia Science & Technology campus for $427 million to build out AI-focused infrastructure, signaling continued capacity expansion for AWS and support for model training/hosting demand. Amazon data center unit acquires George Washington University Virginia campus
• Positive Sentiment: Amazon committed large additional AI/data-center investments in Spain (€18B / ~$21B incremental), underlining its multi‑year capex push to capture AI infrastructure demand. That supports AWS competitive positioning but keeps capex high. Amazon to invest additional $21 billion in Spain for data centres, AI
• Positive Sentiment: Amazon’s strategic $50 billion arrangement with OpenAI (earlier disclosed) reinforces AWS as a core cloud partner for leading AI model providers, a long-term revenue and differentiation boost for cloud services. Amazon’s $50 billion OpenAI deal keeps the cloud giant firmly in the AI race
• Neutral Sentiment: Amazon rolled out a new Seller Wallet in seven European marketplaces — incremental improvement for marketplace monetization and seller experience, but limited short-term revenue impact. Amazon rolls out Seller Wallet to seven European marketplaces
• Neutral Sentiment: AWS says conditions at its fire-damaged UAE data center remain “largely unchanged,” an operational update that suggests recovery could be slow but not yet catastrophic to global AWS availability. Amazon (AMZN) Says Conditions at UAE AWS Data Center Remain ‘Largely Unchanged’
• Negative Sentiment: Drone strikes damaged AWS facilities in the UAE and Bahrain, causing fires, power shutdowns and service degradation for some customers — an operational and reputational hit that has triggered near-term share weakness and could prompt customer migrations or recovery costs. Amazon’s cloud unit says drone strikes damaged UAE and Bahrain facilities
• Negative Sentiment: Evercore cut its price target on AMZN, reflecting analyst concern about heavy AI capex and near-term profit/cash-flow pressure — a reminder that spending plans are pressuring valuations despite long‑term optionality. Evercore Cuts Amazon.com (NASDAQ:AMZN) Price Target to $285.00

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total transaction of $554,900.50. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at $24,662,702. The trade was a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the sale, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,686 shares of company stock valued at $14,484,489 in the last quarter. 9.70% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $208.39 on Tuesday. The firm has a market capitalization of $2.24 trillion, a price-to-earnings ratio of 29.06, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The business’s 50 day simple moving average is $226.26 and its 200-day simple moving average is $227.62. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. During the same period in the prior year, the firm posted $1.86 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.