Amazon.com, Inc. $AMZN Stake Increased by Yousif Capital Management LLC

Yousif Capital Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the third quarter, HoldingsChannel.com reports. The firm owned 971,254 shares of the e-commerce giant’s stock after purchasing an additional 3,969 shares during the quarter. Amazon.com accounts for approximately 2.6% of Yousif Capital Management LLC’s portfolio, making the stock its 4th biggest holding. Yousif Capital Management LLC’s holdings in Amazon.com were worth $241,988,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. State Street Corp increased its position in shares of Amazon.com by 5.5% during the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock worth $95,504,904,000 after buying an additional 21,398,025 shares during the period. Bank of America Corp DE acquired a new position in Amazon.com in the second quarter valued at $22,218,775,000. Bank of New York Mellon Corp bought a new stake in Amazon.com during the second quarter valued at $16,341,405,000. Amundi boosted its position in Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after acquiring an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Amazon.com during the second quarter valued at $12,831,376,000. Institutional investors own 72.20% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon’s CEO Andy Jassy Just Announced Huge News for Amazon Investors
• Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I’d Buy Right Now
• Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
• Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
• Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AMZN. Evercore reissued an “outperform” rating on shares of Amazon.com in a research report on Friday, October 30th. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Wedbush cut their target price on Amazon.com from $310.00 to $298.00 and set an “outperform” rating on the stock in a research report on Friday, October 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $325.00 target price on shares of Amazon.com in a research report on Monday, August 3rd. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $321.74.

Amazon.com Stock Down 0.3%

Shares of NASDAQ AMZN opened at $259.30 on Friday. The stock has a market capitalization of $2.80 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.97 and a beta of 1.49. The company has a 50-day moving average price of $253.96 and a 200-day moving average price of $243.57. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. 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 (NASDAQ:AMZN) last posted its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. During the same quarter in the prior year, the company earned $1.95 EPS. The company’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 1,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $243.47, for a total transaction of $243,470.00. Following the completion of the sale, the chief executive officer owned 473,681 shares in the company, valued at approximately $115,327,113.07. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at $579,085,751.66. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 71,589 shares of company stock valued at $18,545,595. Corporate insiders own 8.90% of the company’s stock.

About Amazon.com

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.