Amazon.com, Inc. $AMZN Stock Sold by RD Finance Ltd

RD Finance Ltd trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 50.7% during the third quarter, Holdings Channel reports. The institutional investor owned 24,065 shares of the e-commerce giant’s stock after selling 24,765 shares during the period. Amazon.com makes up about 5.6% of RD Finance Ltd’s holdings, making the stock its 6th largest position. RD Finance Ltd’s holdings in Amazon.com were worth $5,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Silvant Capital Management LLC bought a new position in Amazon.com during the second quarter valued at about $60,065,000. Public Employees Retirement System of Ohio bought a new stake in Amazon.com in the second quarter worth about $909,868,000. Northstar Financial Companies Inc. bought a new stake in Amazon.com in the second quarter worth about $3,376,000. Gryphon Financial Partners LLC raised its position in Amazon.com by 7.5% in the first 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. lifted its holdings in 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 valued at $63,285,000 after acquiring an additional 5,104 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AMZN shares. Deutsche Bank reissued a “buy” rating and issued a $325.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Evercore reiterated an “outperform” rating on shares of Amazon.com in a report on Friday, October 30th. KeyCorp set a $345.00 target price on shares of Amazon.com and gave the company an “overweight” rating in a research note on Friday, October 30th. Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Morgan Stanley reduced their target price on shares of Amazon.com from $350.00 to $335.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Two equities 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’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Latest Amazon.com News

These are some of the AMZN news items that stood out recently:

• Positive Sentiment: AWS growth and backlog support the investment case. AWS grew 39.3% in the latest quarter, its fastest pace in nearly five years, and has a reported $578 billion backlog. That demand could help justify Amazon’s major AI infrastructure buildout. AWS growth and backlog article
• Positive Sentiment: Anthropic could add strategic and financial upside. Amazon is a major Anthropic investor and cloud provider; an anticipated IPO could raise the estimated value of its stake substantially, while Anthropic’s infrastructure commitments may generate AWS business. Any IPO valuation gain remains prospective, not cash already realized. Anthropic IPO article
• Neutral Sentiment: AWS expansion offers future capacity but requires substantial investment. Amazon’s planned Chile data centers add to its infrastructure footprint, though investors are weighing that opportunity against the cost of building out capacity. AWS Chile data center article

Amazon.com Price Performance

NASDAQ AMZN opened at $266.17 on Thursday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a fifty day simple moving average of $254.41 and a 200 day simple moving average of $244.06. 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 company has a market cap of $2.88 trillion, a P/E ratio of 21.52, a P/E/G ratio of 2.06 and a beta of 1.49.

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 the consensus estimate of $1.97 by ($0.08). The firm had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The business’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 EPS. On average, sell-side analysts predict that Amazon.com, Inc. will post 7.80 EPS for the current year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 9,258 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 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 $606,860.43. Following the completion of the transaction, the vice president owned 119,780 shares in the company, valued at $31,024,217.80. The trade was a 1.92% 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. Over the last three months, insiders sold 71,589 shares of company stock valued at $18,545,595. 8.90% of the stock is owned by corporate 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.