Kingswood Wealth Advisors LLC Buys 2,410 Shares of Amazon.com, Inc. $AMZN

Kingswood Wealth Advisors LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 154,222 shares of the e-commerce giant’s stock after buying an additional 2,410 shares during the quarter. Amazon.com comprises approximately 1.5% of Kingswood Wealth Advisors LLC’s holdings, making the stock its 9th largest position. Kingswood Wealth Advisors LLC’s holdings in Amazon.com were worth $38,424,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Trust Asset Management LLC grew its holdings in shares of Amazon.com by 3.3% during the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock worth $26,000 after purchasing an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. bought a new stake in Amazon.com in the second quarter valued at $29,000. Bard Associates Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Amazon.com in the 2nd quarter worth about $33,000. Finally, Atomic Invest LLC grew its holdings 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 purchasing an additional 49 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Up 1.5%

Shares of NASDAQ AMZN opened at $270.87 on Wednesday. The firm’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 21.90, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. 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, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The company had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. On average, research analysts expect that Amazon.com, Inc. will post 7.80 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Brian Olsavsky sold 6,172 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares in the company, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at $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. In the last 90 days, insiders sold 71,589 shares of company stock valued at $18,545,595. Insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMZN shares. Raymond James Financial reissued an “outperform” rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, October 30th. Wells Fargo & Company decreased their price objective on shares of Amazon.com from $329.00 to $326.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Cantor Fitzgerald decreased their price objective on shares of Amazon.com from $310.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. DA Davidson set a $250.00 price objective on shares of Amazon.com and gave the stock a “neutral” rating in a report on Friday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Two investment 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

More 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

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.