Amazon.com, Inc. $AMZN Shares Acquired by BRIA Capital Group LLC

BRIA Capital Group LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 83.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,810 shares of the e-commerce giant’s stock after purchasing an additional 8,120 shares during the period. Amazon.com comprises about 3.0% of BRIA Capital Group LLC’s portfolio, making the stock its 9th largest holding. BRIA Capital Group LLC’s holdings in Amazon.com were worth $4,437,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. State Street Corp increased its position in shares of Amazon.com by 5.5% in the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after acquiring an additional 21,398,025 shares during the last quarter. Bank of America Corp DE acquired a new position in Amazon.com during the second quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new position in Amazon.com during the second quarter valued at approximately $16,341,405,000. Amundi boosted its position in Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after purchasing an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Amazon.com in the second quarter valued at approximately $12,831,376,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on AMZN shares. Guggenheim reaffirmed a “buy” rating and set a $320.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Morgan Stanley decreased their target price on shares of Amazon.com from $350.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Raymond James Financial reissued an “outperform” rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Finally, HSBC restated a “buy” rating and set a $310.00 target price on shares of Amazon.com in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $321.74.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the firm’s 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 $606,860.43. Following the completion of the sale, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the business’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 sale, the chief executive officer owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 71,589 shares of company stock valued at $18,545,595. Company insiders own 8.90% of the company’s stock.

Amazon.com Trading Down 0.3%

AMZN stock opened at $259.30 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. The company has a fifty day moving average price of $253.96 and a two-hundred day moving average price of $243.57. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The stock has a market cap of $2.80 trillion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The company had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. During the same period in the previous year, the firm posted $1.95 EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 7.80 EPS for the current year.

Trending Headlines about 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.