Amazon.com, Inc. $AMZN Stock: Kendall Capital Management Raises Stake

Kendall Capital Management lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 294.3% in the third quarter, Holdings Channel.com reports. The fund owned 3,612 shares of the e-commerce giant’s stock after acquiring an additional 2,696 shares during the quarter. Kendall Capital Management’s holdings in Amazon.com were worth $900,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Silvant Capital Management LLC bought a new stake in Amazon.com in the second quarter worth approximately $60,065,000. Public Employees Retirement System of Ohio acquired a new position in Amazon.com in the second quarter valued at approximately $909,868,000. Northstar Financial Companies Inc. bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $3,376,000. Gryphon Financial Partners LLC boosted its holdings in shares of Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after buying an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its holdings in shares of Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after buying an additional 5,104 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $259.30 on Monday. The company has a market cap of $2.80 trillion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.97 and a beta of 1.49. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The business has a 50 day moving average price of $253.96 and a 200-day moving average price of $243.57. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 0.28.

Amazon.com (NASDAQ:AMZN) last issued 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 firm had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same period in the previous year, the company earned $1.95 earnings per share. Amazon.com’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, equities analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total value of $243,470.00. Following the transaction, the chief executive officer directly owned 473,681 shares of the company’s stock, valued at approximately $115,327,113.07. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. 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 have sold a total of 71,589 shares of company stock worth $18,545,595 in the last quarter. Insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMZN shares. Truist Financial set a $390.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. TD Cowen reiterated a “buy” rating and set a $340.00 target price (down from $350.00) on shares of Amazon.com in a research report on Friday, October 30th. The Goldman Sachs Group reissued a “conviction-buy” rating and set a $370.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Rosenblatt Securities restated a “buy” rating and issued a $360.00 price target on shares of Amazon.com in a report on Friday, October 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $330.00 price target on shares of Amazon.com in a research note on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $321.74.

Key Headlines Impacting 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

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.