Amazon.com, Inc. $AMZN Stake Decreased by Elite Wealth Management Inc.

Elite Wealth Management Inc. lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.9% in the 3rd quarter, Holdings Channel reports. The fund owned 134,423 shares of the e-commerce giant’s stock after selling 33,390 shares during the quarter. Amazon.com accounts for 7.6% of Elite Wealth Management Inc.’s holdings, making the stock its 3rd largest holding. Elite Wealth Management Inc.’s holdings in Amazon.com were worth $29,515,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Maryland Capital Advisors Inc. increased its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the last quarter. Cooksen Wealth LLC grew its holdings in shares of Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares during the period. PayPay Securities Corp grew its holdings in shares of Amazon.com by 62.3% in the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after purchasing an additional 96 shares during the period. Access Investment Management LLC acquired a new stake in Amazon.com during the second quarter worth about $74,000. Finally, Sagard Holdings Management Inc. purchased a new position in Amazon.com during the second quarter worth about $79,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $233.22, for a total value of $583,050.00. Following the completion of the sale, the chief executive officer directly owned 505,934 shares in the company, valued at $117,993,927.48. This represents a 0.49% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 79,734 shares of company stock valued at $18,534,017. Insiders own 10.80% of the company’s stock.

Key Amazon.com News

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 Stock Down 0.7%

Shares of AMZN opened at $243.01 on Thursday. The company’s 50-day simple moving average is $232.64 and its 200-day simple moving average is $229.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $258.60. The stock has a market capitalization of $2.60 trillion, a PE ratio of 34.32, a P/E/G ratio of 1.53 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on AMZN. Royal Bank Of Canada reissued a “buy” rating on shares of Amazon.com in a research note on Monday. William Blair reiterated an “outperform” rating on shares of Amazon.com in a report on Monday, November 3rd. Evercore ISI reissued an “outperform” rating on shares of Amazon.com in a research note on Monday, January 5th. Sanford C. Bernstein set a $300.00 target price on Amazon.com and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, JMP Securities set a $300.00 price target on Amazon.com in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $295.91.

About Amazon.com

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.