Amazon.com, Inc. $AMZN Shares Acquired by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 137,066 shares of the e-commerce giant’s stock after purchasing an additional 11,389 shares during the period. Amazon.com makes up 1.8% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest position. Turtle Creek Wealth Advisors LLC’s holdings in Amazon.com were worth $34,150,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. WealthPlan Investment Management LLC lifted its stake in Amazon.com by 30.6% during the 3rd quarter. WealthPlan Investment Management LLC now owns 112,796 shares of the e-commerce giant’s stock worth $28,103,000 after acquiring an additional 26,448 shares in the last quarter. SBE LLC DBA Cedar Cove Wealth Partners boosted its holdings in Amazon.com by 3.3% during the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 2,612 shares of the e-commerce giant’s stock valued at $651,000 after acquiring an additional 83 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in Amazon.com by 4.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 29,959 shares of the e-commerce giant’s stock valued at $7,464,000 after acquiring an additional 1,383 shares in the last quarter. Nvwm LLC grew its position in Amazon.com by 0.5% in the 3rd quarter. Nvwm LLC now owns 68,438 shares of the e-commerce giant’s stock valued at $17,050,000 after acquiring an additional 313 shares in the last quarter. Finally, Orgel Wealth Management LLC increased its stake in Amazon.com by 1.2% during the third quarter. Orgel Wealth Management LLC now owns 3,605 shares of the e-commerce giant’s stock worth $898,000 after purchasing an additional 43 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $248.00 on Friday. The stock has a market cap of $2.68 trillion, a P/E ratio of 19.95, a P/E/G ratio of 2.06 and a beta of 1.45. The stock has a 50 day moving average of $255.56 and a two-hundred day moving average of $253.29. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The business’s revenue was up 19.6% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 7.55 earnings per share for the current year.

Amazon.com News Summary

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon’s $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the transaction, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. This trade 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. Insiders have sold a total of 71,589 shares of company stock worth $18,580,515 over the last three months. 8.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the subject of a number of research reports. DA Davidson restated a “neutral” rating and issued a $250.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Bank of America increased their target price on shares of Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Morgan Stanley reissued an “overweight” rating and issued a $350.00 price target (up from $335.00) on shares of Amazon.com in a research report on Monday. Mizuho set a $330.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, July 31st. Finally, Tigress Financial reaffirmed a “buy” rating and set a $385.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $322.53.

About Amazon.com

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.