Amazon.com, Inc. $AMZN Shares Newly Acquired by Leo Wealth LLC

Leo Wealth LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,713 shares of the e-commerce giant’s stock, valued at approximately $5,161,000. Amazon.com comprises approximately 1.1% of Leo Wealth LLC’s holdings, making the stock its 21st largest holding.

Other hedge funds have also made changes to their positions in the company. Red Crane Wealth Management LLC lifted its position in Amazon.com by 2.3% during the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after acquiring an additional 38 shares during the period. Stegent Equity Advisors Inc. grew its stake in shares of Amazon.com by 2.7% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant’s stock valued at $364,000 after purchasing an additional 39 shares during the last quarter. Robinson Smith Wealth Advisors LLC grew its stake in shares of Amazon.com by 0.7% in the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock valued at $1,147,000 after purchasing an additional 40 shares during the last quarter. Sfam LLC grew its stake in shares of Amazon.com by 3.4% in the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after purchasing an additional 40 shares during the last quarter. Finally, Measured Risk Portfolios Inc. increased its holdings in shares of Amazon.com by 3.4% in the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock valued at $251,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $266.17 on Thursday. 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 $254.41 and its two-hundred day moving average is $244.06. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The stock has a market capitalization of $2.88 trillion, a price-to-earnings ratio of 21.52, a PEG ratio of 2.06 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN) last posted its quarterly 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 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 analyst estimates of $202.22 billion. During the same period in the prior year, the business earned $1.95 earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 7.80 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas Herrington sold 6,362 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer owned 476,681 shares in the company, valued at approximately $123,465,145.81. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the sale, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. This trade represents a 5.35% decrease in their position. 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 a total of 71,589 shares of company stock valued at $18,545,595 in the last three months. Insiders own 8.90% of the company’s stock.

Key Headlines Impacting Amazon.com

These are some of the AMZN headlines 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
• Negative Sentiment: Legal proceedings add uncertainty. Italian prosecutors are pursuing allegations involving unpaid import VAT and customs duties, while a U.S. court certified a class action alleging biometric-data violations through Amazon Photos. Both matters could create financial and reputational costs; the allegations have not been proven. Italy VAT case article Biometric-data lawsuit article

Wall Street Analyst Weigh In

Several research firms have recently commented on AMZN. Truist Financial set a $390.00 price target on Amazon.com in a research note on Friday, October 30th. Cantor Fitzgerald lowered their price objective on shares of Amazon.com from $310.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, October 30th. Weiss Ratings reiterated a “buy (b)” rating on shares of Amazon.com in a research report on Friday, October 30th. Wolfe Research reissued an “outperform” rating and issued a $315.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Finally, BMO Capital Markets restated an “outperform” rating on shares of Amazon.com in a research report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.