Amazon.com, Inc. $AMZN Stock: Gibson Capital LLC Reduces Position

Gibson Capital LLC trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 36.9% during the third quarter, HoldingsChannel.com reports. The firm owned 3,946 shares of the e-commerce giant’s stock after selling 2,311 shares during the period. Amazon.com makes up about 0.2% of Gibson Capital LLC’s portfolio, making the stock its 25th biggest holding. Gibson Capital LLC’s holdings in Amazon.com were worth $983,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AMZN. Silvant Capital Management LLC bought a new stake in Amazon.com in the second quarter valued at about $60,065,000. Public Employees Retirement System of Ohio bought a new position in Amazon.com during the 2nd quarter worth approximately $909,868,000. Northstar Financial Companies Inc. bought a new position in Amazon.com during the 2nd quarter worth approximately $3,376,000. Gryphon Financial Partners LLC grew its position in shares of Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after acquiring an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its position in shares of Amazon.com by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after acquiring an additional 5,104 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Amazon.com

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

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. Susquehanna reiterated a “positive” rating on shares of Amazon.com in a report on Friday, October 30th. Guggenheim reaffirmed a “buy” rating and issued a $320.00 price objective on shares of Amazon.com in a report on Friday, October 30th. Phillip Securities upgraded shares of Amazon.com from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, November 2nd. Morgan Stanley dropped their target price on shares of Amazon.com from $350.00 to $335.00 and set an “overweight” rating on the stock in a report on Friday, October 30th. Finally, Tigress Financial reissued a “buy” rating and set a $385.00 target price (up from $315.00) on shares of Amazon.com in a report on Tuesday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Amazon.com Stock Performance

AMZN opened at $259.30 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $253.96 and its 200-day moving average is $243.57. The stock has a market cap of $2.80 trillion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.49. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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 return on equity of 15.72% and a net margin of 16.90%. The business had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. During the same period last year, the company earned $1.95 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares in the company, valued at approximately $4,609,713.64. This represents a 44.97% 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. 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 company insiders.

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.