Amazon.com, Inc. $AMZN Holdings Increased by Sound Income Strategies LLC

Sound Income Strategies LLC increased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 190.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 189,945 shares of the e-commerce giant’s stock after buying an additional 124,655 shares during the quarter. Amazon.com accounts for approximately 1.1% of Sound Income Strategies LLC’s investment portfolio, making the stock its 7th largest position. Sound Income Strategies LLC’s holdings in Amazon.com were worth $47,325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Balefire LLC lifted its stake in shares of Amazon.com by 7.8% in the third quarter. Balefire LLC now owns 21,055 shares of the e-commerce giant’s stock worth $5,246,000 after acquiring an additional 1,526 shares during the period. Decker Wealth Management LLC boosted its holdings in Amazon.com by 3.2% in the third quarter. Decker Wealth Management LLC now owns 35,016 shares of the e-commerce giant’s stock valued at $8,724,000 after acquiring an additional 1,071 shares during the last quarter. Bill Few Associates Inc. increased its position in Amazon.com by 40.0% during the 3rd quarter. Bill Few Associates Inc. now owns 13,345 shares of the e-commerce giant’s stock valued at $3,325,000 after purchasing an additional 3,810 shares during the period. Thryve Wealth Management LLC increased its position in Amazon.com by 4.5% during the 3rd quarter. Thryve Wealth Management LLC now owns 2,858 shares of the e-commerce giant’s stock valued at $712,000 after purchasing an additional 123 shares during the period. Finally, Bullock Wealth Management Group increased its position in Amazon.com by 10.1% during the 3rd quarter. Bullock Wealth Management Group now owns 14,073 shares of the e-commerce giant’s stock valued at $3,283,000 after purchasing an additional 1,289 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. The trade was a 18.35% 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 sale, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This trade represents a 0.89% 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. Insiders sold 71,589 shares of company stock valued at $18,580,515 over the last 90 days. Insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Raymond James Financial restated an “outperform” rating and set a $390.00 price target (up from $280.00) on shares of Amazon.com in a report on Friday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a research note on Monday, August 3rd. Barclays reaffirmed an “overweight” rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Truist Financial increased their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research note on Friday, August 14th. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $322.53.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS remains the central growth and profit driver. Amazon’s cloud business grew at its fastest pace in 18 quarters during the second quarter, and investors will focus closely on whether that momentum continued. Strong AWS growth could support a higher valuation. Amazon earnings outlook
• Positive Sentiment: Analysts continue to view Amazon as a major beneficiary of AI adoption through AWS, custom chips and related products. The company’s AI initiatives could improve future cash flow, while strong holiday e-commerce demand and a growing advertising business provide additional support. Amazon AI cash flow outlook
• Positive Sentiment: Amazon’s acquisition of Bee is expanding its consumer AI strategy. New Bee Frontier and Bee Eclipse devices, along with a paid software tier, give the company new opportunities in hardware, subscriptions and AI-assisted shopping. Amazon Bee AI devices
• Neutral Sentiment: Amazon has scheduled its third-quarter results and conference call for Oct. 29. The report is likely to be the next major catalyst, particularly for AWS growth, capital expenditures, operating margins and management’s AI investment outlook. Amazon earnings announcement
• Negative Sentiment: Broad technology stocks are under pressure as inflation concerns increase expectations for higher interest rates, prompting investors to favor value and dividend-paying sectors. That market-wide rotation is weighing on mega-cap technology names, including AMZN. Technology sector decline
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion AI commitment and rising capital expenditures may pressure near-term free cash flow. Capacity constraints and potentially falling AI-compute pricing add to doubts about the return on that spending.
• Negative Sentiment: Elon Musk’s proposal for an “X Shop” or “Grokazon” introduces a potential long-term competitive risk after Amazon blocked some AI shopping agents. The issue could encourage rivals to challenge Amazon’s position in agent-driven commerce. Potential Amazon rival

Amazon.com Trading Down 1.9%

Shares of Amazon.com stock traded down $4.76 on Friday, reaching $250.00. 40,277,007 shares of the company’s stock were exchanged, compared to its average volume of 36,398,520. The company has a market capitalization of $2.70 trillion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.45. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The firm’s 50-day moving average is $256.75 and its two-hundred day moving average is $251.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 8.03 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon’s major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.