Amazon.com, Inc. $AMZN Shares Bought by North Dakota State Investment Board

North Dakota State Investment Board lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 297,118 shares of the e-commerce giant’s stock after purchasing an additional 11,143 shares during the period. Amazon.com comprises about 2.9% of North Dakota State Investment Board’s investment portfolio, making the stock its 5th biggest holding. North Dakota State Investment Board’s holdings in Amazon.com were worth $74,027,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% in 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 during the last quarter. TOP Private Wealth LLC. bought a new position in Amazon.com in the 2nd quarter valued at about $29,000. Bard Associates Inc. acquired a new position in shares of Amazon.com during the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Amazon.com during the 2nd quarter valued at $33,000. Finally, Atomic Invest LLC grew its holdings in Amazon.com by 41.2% during the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Top Amazon.com Stories

Investors following AMZN have been watching these stories:

• Positive Sentiment: Amazon remains an AI and cloud growth story: a recent investor article cited AWS revenue growth of 39% and projected growth above 40% in 2027 and 2028. Continued cloud momentum may support the investment case. The Motley Fool article
• Neutral Sentiment: Amazon updated Alexa’s shopping capabilities, but the report noted the stock weakened despite the changes, suggesting investors may want evidence of meaningful adoption or revenue impact. TipRanks article
• Negative Sentiment: United Airlines’ CEO reportedly criticized Amazon Leo as a mistake while praising Starlink’s competitive position, highlighting execution and competition risks for Amazon’s satellite initiative. Benzinga article

Amazon.com Stock Down 0.3%

NASDAQ:AMZN traded down $0.78 during trading hours on Friday, hitting $266.66. 31,035,709 shares of the company’s stock traded hands, compared to its average volume of 50,501,436. The stock’s fifty day moving average price is $254.82 and its two-hundred day moving average price is $244.32. The firm has a market cap of $2.88 trillion, a P/E ratio of 21.56, a P/E/G ratio of 2.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20.

Amazon.com (NASDAQ:AMZN) last announced 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). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same quarter in the previous year, the business posted $1.95 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. 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 related news, CEO Douglas J. Herrington sold 6,362 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 $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This trade represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of the business’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 $28,427,674.17. The trade was a 5.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock worth $18,545,595 over the last ninety days. 8.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wedbush reduced their price objective on Amazon.com from $310.00 to $298.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Freedom Broker boosted their price objective on Amazon.com from $255.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. Oppenheimer reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, July 31st. Piper Sandler reiterated an “overweight” rating on shares of Amazon.com in a report on Friday, October 30th. Finally, Benchmark lifted their target price on shares of Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.74.

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.