Amazon.com, Inc. $AMZN Shares Sold by Bradley & Co. Private Wealth Management LLC

Bradley & Co. Private Wealth Management LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,607 shares of the e-commerce giant’s stock after selling 1,874 shares during the period. Amazon.com comprises approximately 5.5% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 7th largest holding. Bradley & Co. Private Wealth Management LLC’s holdings in Amazon.com were worth $12,111,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. TOP Private Wealth LLC. purchased a new stake in Amazon.com in the 2nd quarter valued at about $29,000. Bard Associates Inc. bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $33,000. Atomic Invest LLC boosted its stake in shares of Amazon.com by 41.2% in the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after buying an additional 49 shares during the last quarter. Finally, Strategic Wealth Advisors LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $68,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Cantor Fitzgerald decreased their price target on Amazon.com from $310.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. Wolfe Research reissued an “outperform” rating and issued a $315.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Weiss Ratings restated a “buy (b)” rating on shares of Amazon.com in a research note on Friday, October 30th. UBS Group reaffirmed a “buy” rating and set a $348.00 target price (up from $318.00) on shares of Amazon.com in a research report on Monday, October 26th. Finally, Citizens Jmp lowered their target price on Amazon.com from $315.00 to $275.00 and set a “market outperform” rating on the stock in a research note on Friday, October 30th. Two 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 company. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $321.74.

Amazon.com Price Performance

Amazon.com stock opened at $270.87 on Wednesday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $254.19 and its 200 day simple moving average is $243.93. The company has a market cap of $2.93 trillion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.03 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $202.22 billion. During the same period in the prior year, the business earned $1.95 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current year.

Key Amazon.com News

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

• Positive Sentiment: AWS growth and backlog support the AI investment case. AWS revenue grew 39.3% in the latest quarter, its fastest pace in nearly five years, while its reported backlog reached $578 billion. That contracted demand may help justify Amazon’s substantial infrastructure investment. Article: Andy Jassy Just Delivered Great News for Amazon Stock Investors
• Positive Sentiment: Anthropic’s planned IPO could highlight the value of Amazon’s stake and cloud relationship. Reports describe Amazon as a major investor and cloud provider to Anthropic; the proposed offering could put a substantial valuation on its stake, while Anthropic’s infrastructure commitments could also generate AWS business. Any stake valuation remains a paper estimate until shares trade. Article: Amazon and Google Will See Big Paydays from Anthropic IPO
• Positive Sentiment: UK approval expands Amazon’s drone-delivery opportunity. Regulatory clearance allows Amazon to extend eligible deliveries in Darlington to about 8,000 customers, providing a potential route to faster service and more efficient fulfillment. Article: UK aviation regulator clears Amazon for expanded drone delivery
• Neutral Sentiment: Ring’s new home-security devices and Amazon’s holiday promotions add product and seasonal-sales visibility, but their financial contribution is not yet clear. Article: Amazon’s Ring launches flying camera, autonomous security robot
• Negative Sentiment: AI infrastructure spending remains a key risk. Amazon’s large capital-spending plans could pressure cash flow if cloud and AI demand do not translate into returns quickly enough; data-center power, permitting and cost concerns add uncertainty. Article: Amazon Faces a $1.2 Trillion AI Spending Question
• Negative Sentiment: Amazon agreed to pay $3 million to Arizona Prime members to resolve allegations related to its subscription-cancellation process, a modest financial cost but a potential reputational and regulatory concern. Article: Amazon agrees to pay $3M to Arizona Prime members

Insider Activity

In related news, CFO Brian T. Olsavsky sold 6,172 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the sale, the chief financial officer directly owned 109,207 shares in the company, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their position. The sale was disclosed in a legal filing 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 the company’s stock in a transaction dated 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 sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. 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 three months, insiders have sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is owned by company insiders.

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.