Amazon.com, Inc. $AMZN Shares Purchased by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 38.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,461 shares of the e-commerce giant’s stock after buying an additional 3,451 shares during the quarter. Amazon.com comprises 1.0% of Sage Private Wealth Group LLC’s portfolio, making the stock its 23rd biggest position. Sage Private Wealth Group LLC’s holdings in Amazon.com were worth $3,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. increased its stake in shares of Amazon.com by 18.3% in the 3rd quarter. Mid American Wealth Advisory Group Inc. now owns 5,021 shares of the e-commerce giant’s stock valued at $1,251,000 after acquiring an additional 776 shares during the last quarter. PFS Partners LLC boosted its stake in Amazon.com by 3.4% during the 3rd quarter. PFS Partners LLC now owns 1,825 shares of the e-commerce giant’s stock worth $455,000 after acquiring an additional 60 shares during the last quarter. Signature Wealth Management Partners LLC boosted its stake in Amazon.com by 0.5% during the 3rd quarter. Signature Wealth Management Partners LLC now owns 21,784 shares of the e-commerce giant’s stock worth $5,427,000 after acquiring an additional 112 shares during the last quarter. Momentous Wealth Management Inc. grew its holdings in Amazon.com by 12.9% during the third quarter. Momentous Wealth Management Inc. now owns 4,486 shares of the e-commerce giant’s stock valued at $1,118,000 after purchasing an additional 514 shares during the period. Finally, Eagle Rock Investment Company LLC grew its holdings in Amazon.com by 4.9% during the third quarter. Eagle Rock Investment Company LLC now owns 57,769 shares of the e-commerce giant’s stock valued at $14,393,000 after purchasing an additional 2,709 shares during the period. 72.20% of the stock is owned by institutional investors.

More Amazon.com News

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

• Positive Sentiment: AWS growth and demand are driving optimism. AWS revenue grew nearly 40% in the latest quarter, while its $578 billion backlog points to substantial future demand. Management expects AWS growth above 40% in 2027 and 2028, helping bolster the long-term AI and cloud outlook. Article: Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
• Positive Sentiment: Market conditions favored large technology companies. A post-election rally lifted Big Tech, with investors appearing less concerned that potential data-center restrictions would derail the largest cloud providers’ expansion plans. A reported cloud-capacity shortage may also give Amazon and peers room to raise prices. Article: Microsoft and Amazon combine for a $400 billion market-cap boost
• Positive Sentiment: Amazon is expanding Alexa shopping access. A new merchant workspace lets eligible sellers connect their stores to Alexa for Shopping and Amazon’s online properties, potentially broadening product selection and shopping engagement. Article: Amazon Offers Merchants New Connection to Alexa for Shopping
• Neutral Sentiment: Worldwide Amazon Stores CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan, a small portion of his remaining holdings; the planned transaction is not necessarily a signal about the company’s outlook. SEC filing
• Negative Sentiment: AI investment is weighing on cash generation. Amazon’s roughly $220 billion spending plan is contributing to negative free cash flow, leaving investors focused on when infrastructure spending will produce returns. AI shopping agents could also challenge the advertising revenue and customer-data model used by Amazon and other retailers. Article: AI shopping agents could threaten Amazon and Walmart’s ad business

Amazon.com Price Performance

AMZN stock opened at $266.31 on Thursday. The stock has a 50-day moving average price of $253.90 and a two-hundred day moving average price of $243.32. The stock has a market cap of $2.88 trillion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.49. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20.

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

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 6,172 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the transaction, the chief financial officer owned 109,207 shares in the company, valued at approximately $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the transaction, the chief executive officer owned 476,681 shares of the company’s stock, valued at approximately $123,465,145.81. This represents a 1.32% 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 90 days, insiders sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMZN has been the subject of several recent analyst reports. Truist Financial set a $390.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Sanford C. Bernstein reissued an “outperform” rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Bank of America reissued a “buy” rating and issued a $317.00 price target on shares of Amazon.com in a report on Friday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $325.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Pivotal Research reaffirmed a “buy” rating and set a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

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.