Sacks & Associates LLC Acquires 5,046 Shares of Amazon.com, Inc. $AMZN

Sacks & Associates LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,046 shares of the e-commerce giant’s stock, valued at approximately $1,257,000. Amazon.com accounts for approximately 0.9% of Sacks & Associates LLC’s holdings, making the stock its 29th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMZN. HF Advisory Group LLC increased its stake in Amazon.com by 14.7% in the 3rd quarter. HF Advisory Group LLC now owns 24,216 shares of the e-commerce giant’s stock worth $6,033,000 after acquiring an additional 3,099 shares during the last quarter. Dupree Financial Group LLC raised its holdings in shares of Amazon.com by 1.6% in the 3rd quarter. Dupree Financial Group LLC now owns 39,632 shares of the e-commerce giant’s stock valued at $9,874,000 after acquiring an additional 624 shares in the last quarter. Armstrong Advisory Group Inc. raised its holdings in shares of Amazon.com by 2.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 36,972 shares of the e-commerce giant’s stock valued at $9,075,000 after acquiring an additional 1,054 shares in the last quarter. Gilpin Wealth Management LLC boosted its position in shares of Amazon.com by 54.9% during the 3rd quarter. Gilpin Wealth Management LLC now owns 10,017 shares of the e-commerce giant’s stock valued at $2,489,000 after acquiring an additional 3,551 shares during the last quarter. Finally, jvl associates llc boosted its position in shares of Amazon.com by 7.2% during the 3rd quarter. jvl associates llc now owns 6,960 shares of the e-commerce giant’s stock valued at $1,734,000 after acquiring an additional 466 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares of the company’s stock, valued at $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 $1,647,821.62. Following the transaction, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. The trade was a 1.32% 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 sold a total of 71,589 shares of company stock worth $18,580,515 in the last quarter. 8.90% of the stock is owned by company insiders.

Amazon.com Trading Down 1.9%

Shares of AMZN stock opened at $250.00 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $256.75 and a two-hundred day moving average price of $251.57. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The firm has a market cap of $2.70 trillion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 8.02 EPS for the current fiscal year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS remains the central growth and profit driver. Amazon’s cloud business grew at its fastest pace in 18 quarters during the second quarter, and investors will focus closely on whether that momentum continued. Strong AWS growth could support a higher valuation. Amazon earnings outlook
• Positive Sentiment: Analysts continue to view Amazon as a major beneficiary of AI adoption through AWS, custom chips and related products. The company’s AI initiatives could improve future cash flow, while strong holiday e-commerce demand and a growing advertising business provide additional support. Amazon AI cash flow outlook
• Positive Sentiment: Amazon’s acquisition of Bee is expanding its consumer AI strategy. New Bee Frontier and Bee Eclipse devices, along with a paid software tier, give the company new opportunities in hardware, subscriptions and AI-assisted shopping. Amazon Bee AI devices
• Neutral Sentiment: Amazon has scheduled its third-quarter results and conference call for Oct. 29. The report is likely to be the next major catalyst, particularly for AWS growth, capital expenditures, operating margins and management’s AI investment outlook. Amazon earnings announcement
• Negative Sentiment: Broad technology stocks are under pressure as inflation concerns increase expectations for higher interest rates, prompting investors to favor value and dividend-paying sectors. That market-wide rotation is weighing on mega-cap technology names, including AMZN. Technology sector decline
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion AI commitment and rising capital expenditures may pressure near-term free cash flow. Capacity constraints and potentially falling AI-compute pricing add to doubts about the return on that spending.
• Negative Sentiment: Elon Musk’s proposal for an “X Shop” or “Grokazon” introduces a potential long-term competitive risk after Amazon blocked some AI shopping agents. The issue could encourage rivals to challenge Amazon’s position in agent-driven commerce. Potential Amazon rival

Analysts Set New Price Targets

Several brokerages have recently commented on AMZN. TD Cowen reissued a “buy” rating and set a $350.00 price objective on shares of Amazon.com in a report on Monday, October 5th. Cantor Fitzgerald lowered their target price on shares of Amazon.com from $320.00 to $310.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, July 31st. UBS Group set a $200.00 target price on shares of Amazon.com in a research report on Thursday, September 17th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target 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.