Allen Capital Group LLC Buys 2,688 Shares of Amazon.com, Inc. $AMZN

Allen Capital Group LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,121 shares of the e-commerce giant’s stock after purchasing an additional 2,688 shares during the quarter. Allen Capital Group LLC’s holdings in Amazon.com were worth $9,688,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. State Street Corp lifted its holdings in Amazon.com by 1.4% in the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock valued at $82,073,203,000 after buying an additional 5,163,208 shares during the period. Geode Capital Management LLC boosted its stake in Amazon.com by 1.7% in the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares during the last quarter. Norges Bank acquired a new stake in Amazon.com during the 2nd quarter worth $27,438,011,000. Finally, Northern Trust Corp raised its position in shares of Amazon.com by 0.3% during the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant’s stock valued at $18,527,354,000 after acquiring an additional 302,858 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AMZN. UBS Group set a $300.00 price objective on Amazon.com in a report on Friday, December 5th. Morgan Stanley reiterated an “overweight” rating and issued a $315.00 price target (up from $300.00) on shares of Amazon.com in a research report on Friday, October 31st. Susquehanna set a $300.00 price objective on shares of Amazon.com and gave the company a “positive” rating in a report on Friday, October 31st. Citizens Jmp reaffirmed a “market outperform” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Wednesday, December 3rd. Finally, Redburn Partners set a $230.00 price target on shares of Amazon.com in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-four have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $295.91.

Amazon.com Trading Down 0.7%

NASDAQ AMZN opened at $243.01 on Thursday. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The stock’s 50 day moving average price is $232.64 and its two-hundred day moving average price is $229.46. The stock has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.53 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. The company had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $1.43 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 22,000 shares of Amazon.com stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $5,500,660.00. Following the sale, the chief executive officer owned 493,507 shares of the company’s stock, valued at approximately $123,391,555.21. The trade was a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director directly owned 26,148 shares of the company’s stock, valued at $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 79,734 shares of company stock valued at $18,534,017 in the last quarter. Company insiders own 10.80% of the company’s stock.

Amazon.com News Roundup

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

• Positive Sentiment: Analyst upgrade — Oppenheimer raised its price target (to $315) and kept an outperform rating, supporting upside expectations for AMZN. Oppenheimer price target raise
• Positive Sentiment: Cost reduction & refocus — Amazon announced ~16,000 additional corporate job cuts (second round) intended to reduce bureaucracy and reallocate spend toward AI/data-center buildout; the market has cheered potential near-term margin relief. Reuters: Amazon cuts 16,000 jobs
• Neutral Sentiment: Grocery/retail pivot — Amazon is closing Amazon Fresh and Amazon Go stores and shifting focus to online grocery delivery and expanding Whole Foods conversions; this reduces ongoing retail losses but leaves execution and competitiveness vs. Walmart/Instacart in focus. Forbes: Amazon shifts grocery focus
• Neutral Sentiment: Legal settlement finalized — Amazon agreed to a roughly $309M consumer returns-settlement (already disclosed), a modest one-time cash hit relative to AMZN’s size. TechCrunch: $309M settlement
• Negative Sentiment: Execution and morale risk — a premature internal email leaked planned layoffs, highlighting communication missteps; repeated mass cuts (30k total since October) raise concerns about disruption, talent loss and uncertainty around AI execution. Reuters: misfired internal email
• Negative Sentiment: Product/experiment pullbacks — Amazon is winding down Amazon One (palm ID) and several physical-retail experiments, which signals failed initiatives and narrows future growth vectors in physical retail. Business Insider: Amazon One shutdown

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.