Amazon.com, Inc. $AMZN Position Raised by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 462,295 shares of the e-commerce giant’s stock after purchasing an additional 17,090 shares during the period. Amazon.com comprises 0.7% of Park Avenue Securities LLC’s portfolio, making the stock its 28th largest holding. Park Avenue Securities LLC’s holdings in Amazon.com were worth $115,181,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CPA Asset Management Group LLC grew its stake in shares of Amazon.com by 1.1% in the third quarter. CPA Asset Management Group LLC now owns 5,388 shares of the e-commerce giant’s stock worth $1,342,000 after acquiring an additional 61 shares during the last quarter. Segment Wealth Management LLC increased its holdings in shares of Amazon.com by 8.4% during the third quarter. Segment Wealth Management LLC now owns 35,330 shares of the e-commerce giant’s stock valued at $8,802,000 after acquiring an additional 2,743 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Amazon.com by 16.5% during the third quarter. Verdence Capital Advisors LLC now owns 125,073 shares of the e-commerce giant’s stock valued at $31,162,000 after acquiring an additional 17,728 shares in the last quarter. National Wealth Management Group LLC raised its position in shares of Amazon.com by 5.1% in the 3rd quarter. National Wealth Management Group LLC now owns 13,672 shares of the e-commerce giant’s stock worth $3,406,000 after purchasing an additional 666 shares during the last quarter. Finally, Aegis Wealth Management Inc. raised its position in shares of Amazon.com by 9.1% in the 3rd quarter. Aegis Wealth Management Inc. now owns 3,429 shares of the e-commerce giant’s stock worth $854,000 after purchasing an additional 285 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Piper Sandler reissued an “overweight” rating on shares of Amazon.com in a research report on Friday, October 30th. Pivotal Research restated a “buy” rating and set a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 31st. Truist Financial set a $390.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Finally, Evercore reiterated an “outperform” rating on shares of Amazon.com in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total transaction of $243,470.00. Following the transaction, the chief executive officer owned 473,681 shares in the company, valued at $115,327,113.07. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the firm’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 transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This represents a 44.97% 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. 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 Up 0.5%

Amazon.com stock opened at $267.44 on Friday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The business’s fifty day moving average is $254.66 and its 200 day moving average is $244.21. The stock has a market capitalization of $2.89 trillion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.02 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82.

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

Trending Headlines about Amazon.com

Here are a few of the latest headlines about AMZN:

• Positive Sentiment: Amazon plans to hire 300,000 seasonal workers for the holidays, a sign of preparations for peak shopping demand. Investors are also watching a planned Amazon Leo rocket launch as a step toward expanding its satellite-internet service. What Is Going on with Amazon Stock on Thursday? Amazon Stock Rises Ahead of a Leo Rocket Launch
• Neutral Sentiment: Amazon shared progress on its $2.5 billion Future Ready 2030 skills-training commitment. The program may support workforce development and hiring over time, but its direct near-term financial impact is unclear. Amazon Future Ready 2030 update
• Negative Sentiment: Risks include pushback from Eastern Washington residents over water use and transparency tied to a proposed data-center campus. Separately, Amazon’s planned roughly $220 billion in 2026 capital spending is weighing on free cash flow, even as the company invests to meet AI demand. Amazon data center plan draws protests Will Rising AI Capex Weigh on Amazon’s Free Cash Flow?

Amazon.com 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.