Weaver Capital Management LLC Acquires 8,437 Shares of Amazon.com, Inc. $AMZN

Weaver Capital Management LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 21.0% during the third quarter, HoldingsChannel.com reports. The fund owned 48,556 shares of the e-commerce giant’s stock after purchasing an additional 8,437 shares during the period. Amazon.com accounts for 2.3% of Weaver Capital Management LLC’s portfolio, making the stock its 12th largest holding. Weaver Capital Management LLC’s holdings in Amazon.com were worth $12,098,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMZN. Financial Harvest LLC increased its position in shares of Amazon.com by 18.6% during the 3rd quarter. Financial Harvest LLC now owns 4,765 shares of the e-commerce giant’s stock worth $1,187,000 after purchasing an additional 747 shares in the last quarter. Brindle & Bay Financial Advisors LLC bought a new position in Amazon.com during the 3rd quarter valued at about $224,000. Maryland Capital Advisors Inc. boosted its position in Amazon.com by 46.5% in the third quarter. Maryland Capital Advisors Inc. now owns 438 shares of the e-commerce giant’s stock valued at $109,000 after buying an additional 139 shares in the last quarter. Elevated Private Wealth LLC boosted its position in Amazon.com by 10.0% in the third quarter. Elevated Private Wealth LLC now owns 13,312 shares of the e-commerce giant’s stock valued at $3,317,000 after buying an additional 1,206 shares in the last quarter. Finally, RDA Financial Network boosted its position in Amazon.com by 0.5% in the third quarter. RDA Financial Network now owns 55,930 shares of the e-commerce giant’s stock valued at $13,935,000 after buying an additional 258 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on AMZN shares. Barclays reaffirmed an “overweight” rating and set a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Wedbush lifted their target price on shares of Amazon.com from $293.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Zacks Research cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a report on Friday, August 14th. Finally, Citizens Jmp restated a “market outperform” rating and set a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $322.53.

Key Amazon.com News

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon’s $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Amazon.com Stock Down 1.0%

Shares of NASDAQ:AMZN opened at $248.00 on Friday. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The company has a 50 day moving average of $255.56 and a 200-day moving average of $253.29. 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 stock has a market cap of $2.68 trillion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.04 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The firm’s quarterly revenue was up 19.6% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 7.55 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, CEO Andrew Jassy sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock in a transaction 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 of the company’s stock, valued at $4,609,713.64. This represents a 44.97% decrease in their position. 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. In the last quarter, insiders sold 71,589 shares of company stock valued at $18,580,515. Insiders own 8.90% of the company’s stock.

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.