Amazon.com, Inc. $AMZN Stock Position Reduced by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,149 shares of the e-commerce giant’s stock after selling 2,221 shares during the quarter. Amazon.com comprises about 1.6% of OLD Second National Bank of Aurora’s holdings, making the stock its 18th largest position. OLD Second National Bank of Aurora’s holdings in Amazon.com were worth $7,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. State Street Corp raised 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 buying an additional 21,398,025 shares during the last quarter. Bank of America Corp DE acquired a new stake in Amazon.com during the second quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in Amazon.com during the second quarter worth approximately $16,341,405,000. Amundi grew its stake in Amazon.com by 3.9% in the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Amazon.com in the 2nd quarter worth approximately $12,831,376,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AMZN. Wells Fargo & Company reduced their price target on Amazon.com from $329.00 to $326.00 and set an “overweight” rating on the stock in a research note on Friday, October 30th. Tigress Financial reaffirmed a “buy” rating and issued a $385.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Mizuho lifted their price objective on Amazon.com from $330.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Morgan Stanley reduced their target price on Amazon.com from $350.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $321.74.

Amazon.com Trading Down 0.3%

Shares of AMZN traded down $0.91 during trading hours on Friday, hitting $259.30. The stock had a trading volume of 42,467,151 shares, compared to its average volume of 42,636,872. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. The firm has a market cap of $2.80 trillion, a P/E ratio of 20.96, a P/E/G ratio of 1.86 and a beta of 1.49. The company’s fifty day simple moving average is $253.96 and its 200 day simple moving average is $243.57. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. During the same period last year, the firm posted $1.95 EPS. Amazon.com’s revenue was up 12.1% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Douglas Herrington sold 6,362 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the transaction, the chief executive officer directly owned 476,681 shares of the company’s stock, valued at $123,465,145.81. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the sale, the chief financial officer owned 109,207 shares of the company’s stock, valued at $28,427,674.17. The trade was a 5.35% 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 quarter, insiders sold 71,589 shares of company stock worth $18,545,595. Corporate insiders own 8.90% of the company’s stock.

Amazon.com News Summary

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.