Amazon.com, Inc. $AMZN Stock Sold by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 94.4% during the third quarter, Holdings Channel.com reports. The fund owned 806 shares of the e-commerce giant’s stock after selling 13,714 shares during the quarter. St. Louis Financial Planners Asset Management LLC’s holdings in Amazon.com were worth $200,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. TOP Private Wealth LLC. acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $29,000. Bard Associates Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth about $33,000. Atomic Invest LLC increased its position in Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after purchasing an additional 49 shares in the last quarter. Finally, Strategic Wealth Advisors LLC acquired a new stake in Amazon.com during the 2nd quarter worth approximately $68,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $253.10 on Wednesday. The business’s 50-day simple moving average is $255.21 and its 200 day simple moving average is $243.10. The company has a market cap of $2.73 trillion, a P/E ratio of 20.36 and a beta of 1.45. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. The firm’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 EPS. Analysts predict that Amazon.com, Inc. will post 7.55 earnings per share for the current year.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: AWS growth is the central bullish factor. Analysts expect Amazon Web Services to benefit from strong AI-related demand, with 2027 cloud capacity reportedly largely sold out. Wall Street estimates and several analysts’ price targets imply meaningful upside if AWS growth and margins exceed expectations. Amazon Q3 Earnings Preview: AWS Growth Takes Center Stage
• Positive Sentiment: Anthropic’s IPO filing reinforces Amazon’s AI infrastructure opportunity. Anthropic disclosed approximately $110 billion in non-cancelable cloud commitments with Amazon, providing substantial long-term revenue visibility for AWS. Amazon’s equity stake in Anthropic could also benefit from a higher public valuation, although related gains may be largely non-cash. Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: The FCC approved Amazon Leo’s $11.57 billion acquisition of Globalstar. The approval removes a regulatory hurdle and advances Amazon’s satellite-connectivity ambitions, though the deal will require significant investment. US agency approves Amazon Leo’s acquisition of Globalstar
• Neutral Sentiment: Earnings expectations are elevated. Investors will focus on AWS revenue growth, operating margins, advertising, free cash flow and management’s capital-expenditure outlook after Thursday’s closing bell.
• Neutral Sentiment: Amazon is refining its internal AI strategy. New guidance tells engineers to measure business results rather than token usage or raw code generation, potentially improving productivity and controlling AI costs, but offering limited immediate financial impact. Amazon’s anti-tokenmaxxing memo
• Negative Sentiment: Heavy AI infrastructure spending remains the main risk. Massive data-center investment is expected to weigh on free cash flow and profitability more heavily than at some peers, while investors question whether AWS growth will justify the spending.
• Negative Sentiment: Cost pressures could affect lower-margin businesses. Rising memory prices have forced difficult pricing and profitability trade-offs for Amazon’s devices unit, while AI-related restructuring and potential technology-sector layoffs add reputational and execution concerns.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Bank of America raised their price target on shares of Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a report on Friday, July 31st. Sanford C. Bernstein reiterated an “outperform” rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Wolfe Research reissued an “outperform” rating and issued a $315.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Finally, Telsey Advisory Group set a $335.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday, July 31st. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $325.12.

Insider Activity at Amazon.com

In related news, CEO Matthew Garman sold 14,541 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com 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 sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. This trade represents a 0.89% 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 three months, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.