3,782 Amazon.com, Inc. $AMZN Shares Purchased by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% in the third quarter, Holdings Channel.com reports. The fund owned 173,958 shares of the e-commerce giant’s stock after buying an additional 3,782 shares during the quarter. Amazon.com comprises about 2.8% of Petredis Investment Advisors LLC’s portfolio, making the stock its 12th largest holding. Petredis Investment Advisors LLC’s holdings in Amazon.com were worth $43,342,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. TOP Private Wealth LLC. acquired a new stake in shares of Amazon.com during the second quarter worth about $29,000. Bard Associates Inc. acquired a new stake in shares of Amazon.com in the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC purchased a new stake in Amazon.com during the 2nd quarter worth about $33,000. Atomic Invest LLC boosted its stake in shares of Amazon.com by 41.2% during 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. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Amazon.com during the second quarter worth about $68,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. This trade represents a 1.92% 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. In the last quarter, insiders have sold 70,589 shares of company stock worth $18,302,125. Company insiders own 8.90% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $245.63 on Tuesday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The business has a 50-day moving average of $254.02 and a 200-day moving average of $243.11. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The company has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.98 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data 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). The firm had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 8.00 EPS for the current fiscal year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Phillip Securities upgraded Amazon (AMZN) to Buy from Accumulate and raised its price target to $330 from $320, citing strong cloud demand visibility and Amazon’s positioning in artificial intelligence. Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target
• Positive Sentiment: Investors are emphasizing AWS, where revenue reportedly grew 39%, alongside improving operating leverage in Amazon’s retail business. Analysts argue that AWS could become a substantially larger profit and revenue driver over time. Is Amazon Stock a Buy as Cloud Revenue Continues to Surge?
• Positive Sentiment: Additional bullish commentary includes reiterated outperform and buy ratings, with some analysts maintaining targets above $300. Amazon’s broad exposure to e-commerce, advertising, cloud computing and AI supports the long-term investment case. Amazon’s AWS Growth and Profitability Support a Buy Despite Price Target Cut to $300
• Positive Sentiment: Amazon’s $25 Thanksgiving meal bundle with same-day delivery highlights continued efforts to increase grocery convenience and holiday spending, although the direct earnings impact is likely limited. Amazon Offers Same-Day Delivery for Thanksgiving Meals
• Neutral Sentiment: Amazon’s third-quarter revenue rose 12.1% to approximately $201.9 billion, but earnings of $1.89 per share missed the $1.97 consensus estimate. The mixed results explain the recent volatility and leave investors focused on AWS profitability and forward spending.
• Negative Sentiment: Amazon’s aggressive AI and data-center investment plan is expected to pressure free cash flow. A proposed $2 billion Ohio data center also faces local opposition, creating potential delays or additional costs. Amazon’s $2 Billion Data Center Faces Election Day Threat
• Negative Sentiment: Some analysts warn that AI shopping agents could reduce Amazon’s control over product discovery, customer traffic and advertising, posing a longer-term competitive threat. The Shopping Bots Are Coming for Amazon

Analyst Ratings Changes

Several research analysts have weighed in on AMZN shares. Citizens Jmp cut their price target on Amazon.com from $315.00 to $275.00 and set a “market outperform” rating for the company in a report on Friday. Oppenheimer restated an “outperform” rating on shares of Amazon.com in a report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a $370.00 price objective on shares of Amazon.com in a research report on Friday. Wedbush lowered their price objective on Amazon.com from $310.00 to $298.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average price target of $320.86.

Amazon.com Company Profile

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.