101,000 Shares of Amazon.com, Inc. $AMZN Purchased by Keenan Capital LLC

Key Points

• Keenan Capital purchased 101,000 Amazon shares worth approximately $24.1 million, making Amazon about 4.8% of its portfolio. Institutional investors collectively own 72.2% of the company.
• Wall Street remains bullish: 56 analysts rate Amazon a Buy and three rate it Hold, producing a “Moderate Buy” consensus and an average price target of $322.86.
• Amazon reported quarterly earnings of $5.75 per share and revenue of $200.61 billion, exceeding estimates and marking 19.6% year-over-year revenue growth. Meanwhile, insiders sold 71,589 shares worth about $18.6 million during the quarter.

Keenan Capital LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 101,000 shares of the e-commerce giant's stock, valued at approximately $24,072,000. Amazon.com makes up about 4.8% of Keenan Capital LLC's holdings, making the stock its 11th biggest holding.

Other institutional investors have also modified their holdings of the company. Baird Financial Group Inc. lifted its stake in shares of Amazon.com by 4.5% during the second quarter. Baird Financial Group Inc. now owns 5,708,507 shares of the e-commerce giant's stock valued at $1,360,566,000 after buying an additional 246,613 shares during the period. XY Planning Network Inc. boosted its position in Amazon.com by 5.1% during the second quarter. XY Planning Network Inc. now owns 8,438 shares of the e-commerce giant's stock worth $2,011,000 after acquiring an additional 408 shares during the last quarter. BayBridge Capital Group LLC grew its stake in Amazon.com by 12.2% in the 2nd quarter. BayBridge Capital Group LLC now owns 11,854 shares of the e-commerce giant's stock worth $2,825,000 after acquiring an additional 1,285 shares during the period. Ramsay Stattman Vela & Price Inc. grew its stake in Amazon.com by 0.6% in the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 85,398 shares of the e-commerce giant's stock worth $20,354,000 after acquiring an additional 514 shares during the period. Finally, Connective Capital Management LLC raised its holdings in Amazon.com by 23.2% in the 2nd quarter. Connective Capital Management LLC now owns 7,580 shares of the e-commerce giant's stock valued at $1,807,000 after acquiring an additional 1,428 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued an "overweight" rating and set a $338.00 price target (up from $328.00) on shares of Amazon.com in a research note on Thursday, September 3rd. Pivotal Research reiterated a "buy" rating and issued a $333.00 target price (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Barclays reiterated an "overweight" rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research note on Friday, August 14th. Finally, Telsey Advisory Group set a $335.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $322.86.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $259.92 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The company has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.98 and a beta of 1.45. The business has a 50-day moving average of $258.64 and a 200-day moving average of $249.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 8.03 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 14,541 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 worth $18,580,515 over the last quarter. 8.90% of the stock is owned by corporate insiders.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Analysts see AWS and Amazon’s AI services as major growth drivers. AWS sales reportedly rose 37% to $42.2 billion, while Amazon’s AI business surpassed a $25 billion annual revenue run rate. Analysts also view AI agents as potentially increasing commerce activity rather than undermining Amazon’s model. Amazon AI Boom
• Positive Sentiment: The FCC is preparing to vote on auctioning prime spectrum for satellite-to-smartphone services, a move that could benefit Amazon’s satellite ambitions and expand future connectivity opportunities. FCC Spectrum Auction
• Positive Sentiment: Prime Big Deal Days provides a near-term test of consumer demand and a potential boost to fourth-quarter retail sales. Amazon is also expanding Prime Video’s reach through a six-year global deal to stream the Emmy Awards free to viewers, supporting advertising and audience growth. Amazon Emmy Streaming Deal
• Positive Sentiment: ARK Invest reportedly purchased approximately $31 million of Amazon shares, adding a supportive institutional-investor signal. ARK Invest Buys Amazon
• Neutral Sentiment: A proposed structure involving roughly $8 billion of Nvidia chips could help Amazon finance AI infrastructure and preserve capital flexibility, but it also underscores the substantial cost and financing burden of the AWS expansion. Amazon Nvidia Chip Financing
• Negative Sentiment: Investors remain concerned that aggressive AI capital spending could pressure free cash flow before new data centers generate sufficient returns. Rising interest rates, power constraints and possible delays in infrastructure deployment add to the risk. Amazon Data Center Spending Risks
• Negative Sentiment: Prime Big Deal Days is occurring amid weak consumer confidence, creating uncertainty over the strength and profitability of promotional sales. Public attention to Amazon’s highly detailed customer profiles could also create privacy-related reputational risk. Amazon Customer Profiles

About Amazon.com

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.