4,908 Amazon.com, Inc. $AMZN Shares Purchased by XXI Wealth LLC

XXI Wealth LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 23.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,064 shares of the e-commerce giant’s stock after purchasing an additional 4,908 shares during the period. Amazon.com accounts for about 2.5% of XXI Wealth LLC’s holdings, making the stock its 6th biggest position. XXI Wealth LLC’s holdings in Amazon.com were worth $6,494,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its position in shares of Amazon.com by 5.5% in the 2nd 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 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in Amazon.com in the second quarter valued at $16,341,405,000. Amundi lifted its position in Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after acquiring an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in Amazon.com in the second quarter valued at $12,831,376,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 0.3%

Shares of Amazon.com stock opened at $259.30 on Friday. 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 company has a market capitalization of $2.80 trillion, a P/E ratio of 20.96, a PEG ratio of 1.97 and a beta of 1.49. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company’s fifty day moving average is $253.96 and its two-hundred day moving average is $243.57.

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 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 business had revenue of $201.94 billion during the quarter, compared to analysts’ expectations of $202.22 billion. During the same period in the previous year, the company posted $1.95 earnings per share. Amazon.com’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

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

Insider Activity

In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the company’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 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. The transaction was disclosed in a legal filing 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 Douglas J. Herrington sold 6,362 shares of the 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 $1,647,821.62. Following the sale, 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 ownership of the stock. 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 90 days, insiders have sold 71,589 shares of company stock valued at $18,545,595. Insiders own 8.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on AMZN shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Oppenheimer reissued an “outperform” rating on shares of Amazon.com in a report on Friday, July 31st. Cantor Fitzgerald decreased their target price on Amazon.com from $310.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, October 30th. TD Cowen reissued a “buy” rating and issued a $340.00 target price (down from $350.00) on shares of Amazon.com in a research report on Friday, October 30th. Finally, Raymond James Financial restated an “outperform” rating and set a $250.00 price target on shares of Amazon.com in a research note 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $321.74.

About Amazon.com

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.