Amazon Q3 EPS Tops Estimates by $0.38, Steinberganna Buys $1.5M Stake
Amazon beat Q3 consensus with $1.95 EPS versus $1.57 and delivered 13.4% revenue growth to $180.17 billion. Steinberganna Wealth initiated a 6,893-share ($1.513 million) position, while insiders divested 79,734 shares valued at $18.53 million.
1. Institutional Investors Increase Stakes in Amazon.com
Steinberganna Wealth Management disclosed a new position in Amazon.com during the third quarter, acquiring 6,893 shares valued at roughly $1.513 million, representing 0.7% of its portfolio and ranking Amazon as its 28th largest holding. In parallel, Vanguard Group boosted its stake by 2.1% in Q2—adding 17,447,045 shares to reach 849,721,601 shares valued at $186.42 billion—while State Street added 5,163,208 shares (up 1.4%) to hold 374,097,285 shares worth $82.07 billion. Geode Capital Management increased its position by 1.7%, acquiring 3,721,658 shares to reach 216,717,657 shares ($47.33 billion), and Kingstone Capital Partners Texas executed an outsized 542,733.6% increase, adding 132,616,953 shares to hold 132,641,388 shares valued at $29.10 billion. Norges Bank also initiated a new stake valued at $27.44 billion. Institutional investors now own 72.20% of Amazon’s outstanding shares.
2. Insider Selling Accelerates at Amazon.com
Amazon insiders have sold a total of 79,734 shares over the past three months, totaling $18.53 million. Director Daniel P. Huttenlocher led recent sales on November 20th, disposing of 1,237 shares at an average of $226.61 (proceeds of $280,316.57), reducing his holding by 4.52% to 26,148 shares valued at $5.93 million. CEO Andrew R. Jassy sold 19,872 shares on November 21st at an average price of $216.94, netting $4.31 million and decreasing his position by 0.89% to 2,208,310 shares worth $479.07 million. Insiders now collectively own 9.70% of the company’s stock.