Amazon.com, Inc. $AMZN Stock Acquired by Lantern Wealth Advisors LLC

Lantern Wealth Advisors LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 24,776 shares of the e-commerce giant’s stock after purchasing an additional 2,660 shares during the quarter. Amazon.com makes up 2.6% of Lantern Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest position. Lantern Wealth Advisors LLC’s holdings in Amazon.com were worth $6,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its holdings 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 purchasing an additional 21,398,025 shares during the period. Bank of America Corp DE purchased a new stake in shares of Amazon.com in the second quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com in the second quarter worth approximately $16,341,405,000. Amundi boosted its holdings in shares of Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Amazon.com during the second quarter worth approximately $12,831,376,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com News Roundup

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 Price Performance

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

Amazon.com (NASDAQ:AMZN) last posted 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). 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 in the prior year, the firm earned $1.95 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $243.47, for a total transaction of $243,470.00. Following the transaction, the chief executive officer directly owned 473,681 shares of the company’s stock, valued at $115,327,113.07. This represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% 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. Insiders have sold 71,589 shares of company stock worth $18,545,595 in the last 90 days. 8.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on AMZN shares. Pivotal Research reaffirmed a “buy” rating and set a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research report on Friday, July 31st. Scotiabank decreased their target price on shares of Amazon.com from $325.00 to $300.00 and set a “sector outperform” rating for the company in a research note on Friday, October 30th. HSBC reissued a “buy” rating and set a $310.00 target price on shares of Amazon.com in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on shares of Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Evercore reiterated an “outperform” rating on shares of Amazon.com in a report on Friday, October 30th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $321.74.

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.