Amazon.com, Inc. $AMZN Stock: Verde Servicos Internacionais S.A. Decreases Holdings

Verde Servicos Internacionais S.A. trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,414 shares of the e-commerce giant’s stock after selling 6,465 shares during the quarter. Amazon.com comprises about 4.6% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 7th largest holding. Verde Servicos Internacionais S.A.’s holdings in Amazon.com were worth $13,557,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE bought a new stake in shares of Amazon.com in the second quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in Amazon.com during the second quarter worth approximately $16,341,405,000. Legal & General Group Plc bought a new position in Amazon.com during the 2nd quarter worth $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Amazon.com during the 2nd quarter worth $6,631,466,000. Finally, Jupiter Topco LLC bought a new position in Amazon.com during the 2nd quarter worth $5,910,083,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. Citizens Jmp cut their target price on Amazon.com from $315.00 to $275.00 and set a “market outperform” rating for the company in a research report on Friday, October 30th. Barclays restated an “overweight” rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Amazon.com in a research report on Friday, July 31st. TD Cowen reaffirmed a “buy” rating and issued a $340.00 price target (down from $350.00) on shares of Amazon.com in a research note on Friday, October 30th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $321.74.

Amazon.com Stock Up 0.5%

NASDAQ AMZN opened at $267.44 on Friday. The business has a fifty day moving average price of $254.66 and a two-hundred day moving average price of $244.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock has a market capitalization of $2.89 trillion, a PE ratio of 21.62, a PEG ratio of 2.02 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $202.22 billion. During the same quarter in the previous year, the business posted $1.95 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Latest Amazon.com News

Here’s some of the latest news about AMZN:

• Positive Sentiment: Coverage pointed to the estimated value of Amazon’s Anthropic investment and ongoing AI demand as potential supports. A reported leadership shake-up at Nvidia may also encourage cloud providers to diversify chip suppliers, potentially benefiting Amazon’s in-house silicon efforts. What Is Going on with Amazon Stock on Thursday? NVIDIA’s Crisis Opens the Board
• Positive Sentiment: Amazon plans to hire 300,000 seasonal workers for the holidays, a sign of preparations for peak shopping demand. Investors are also watching a planned Amazon Leo rocket launch as a step toward expanding its satellite-internet service. What Is Going on with Amazon Stock on Thursday? Amazon Stock Rises Ahead of a Leo Rocket Launch
• Neutral Sentiment: Amazon shared progress on its $2.5 billion Future Ready 2030 skills-training commitment. The program may support workforce development and hiring over time, but its direct near-term financial impact is unclear. Amazon Future Ready 2030 update

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the sale, the senior vice president directly 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. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com 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 completion of the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock worth $18,545,595 over the last quarter. 8.90% of the stock is currently owned by company insiders.

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.