159,358 Amazon.com, Inc. $AMZN Shares Bought by Artemis Investment Management LLP

Key Points

• Artemis Investment Management increased its Amazon stake by 24.4% in the third quarter, buying 159,358 shares for a total of 811,885 shares valued at approximately $202.3 million. Institutional investors and hedge funds own 72.2% of Amazon.
• Amazon’s AWS and AI businesses remain major growth catalysts, supported by a reported $496 billion backlog and strong cloud margins. However, planned AI spending of roughly $200 billion to $220 billion is raising concerns about capital intensity and free cash flow.
• Insiders sold 71,589 Amazon shares worth approximately $18.6 million over the past 90 days under pre-arranged trading plans. Wall Street remains broadly bullish, with a “Moderate Buy” consensus and an average price target of $322.53.

Artemis Investment Management LLP increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 24.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 811,885 shares of the e-commerce giant's stock after purchasing an additional 159,358 shares during the quarter. Amazon.com makes up approximately 1.6% of Artemis Investment Management LLP's portfolio, making the stock its 8th biggest position. Artemis Investment Management LLP's holdings in Amazon.com were worth $202,281,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dickmeyer Boyce Financial Management Inc. boosted its stake in Amazon.com by 1.8% during the 3rd quarter. Dickmeyer Boyce Financial Management Inc. now owns 10,890 shares of the e-commerce giant's stock worth $2,713,000 after purchasing an additional 190 shares during the period. Aletheian Wealth Advisors LLC raised its stake in Amazon.com by 10.2% during the 3rd quarter. Aletheian Wealth Advisors LLC now owns 10,335 shares of the e-commerce giant's stock valued at $2,575,000 after acquiring an additional 955 shares during the last quarter. Titleist Asset Management LLC raised its stake in Amazon.com by 4.4% during the 3rd quarter. Titleist Asset Management LLC now owns 93,542 shares of the e-commerce giant's stock valued at $23,306,000 after acquiring an additional 3,967 shares during the last quarter. Everhart Financial Group Inc. raised its stake in Amazon.com by 4.5% during the 3rd quarter. Everhart Financial Group Inc. now owns 76,804 shares of the e-commerce giant's stock valued at $19,136,000 after acquiring an additional 3,316 shares during the last quarter. Finally, Ebert Capital Management Inc. lifted its position in Amazon.com by 0.8% during the 3rd quarter. Ebert Capital Management Inc. now owns 22,634 shares of the e-commerce giant's stock worth $5,639,000 after acquiring an additional 178 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. This represents a 1.32% 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 sold 71,589 shares of company stock worth $18,580,515 in the last 90 days. 8.90% of the stock is currently owned by corporate insiders.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS remains the key bullish catalyst. Reports highlight a $496 billion AWS backlog, cloud margins near 39%, and continued demand for AI infrastructure. Amazon also said its custom-chip and AI businesses each surpassed $25 billion, supporting the case that Trainium and Inferentia could eventually reduce reliance on Nvidia GPUs. AWS Backlog and Cloud Margins
• Positive Sentiment: Amazon is expanding its AI ecosystem. The company is reportedly considering a roughly $7 billion acquisition of Decart, whose software helps run AI workloads across Nvidia and Amazon chips. The deal could accelerate Trainium adoption and improve AWS’s competitive position. Amazon Decart AI Deal
• Positive Sentiment: Analyst fundamentals remain supportive. Erste Group raised its FY2027 EPS estimate to $10.71 from $10.54, while Amazon’s Prime Video sports strategy could increase engagement, retention and advertising opportunities. Amazon Prime Video Sports Strategy
• Neutral Sentiment: Investor positioning may amplify volatility. Amazon was reportedly the most widely owned hedge-fund stock in September, creating potential support but also increasing the risk of crowded-trade selling if earnings or AWS growth disappoints. Amazon Hedge Fund Ownership
• Negative Sentiment: AI investment is pressuring cash flow. Amazon’s planned spending of roughly $200 billion to $220 billion raises concerns about capital intensity, returns on invested capital and near-term free cash flow, even as operating cash flow improves. Amazon AI Spending
• Negative Sentiment: Regulatory and execution risks increased. Lawmakers asked the FAA to conduct a site-specific environmental review of Amazon’s proposed Massachusetts drone hub, citing noise, privacy, safety and environmental concerns. Amazon also recalled more than 112,000 bottles of acetaminophen sold through its platform. FAA Review of Amazon Drone Hub
• Negative Sentiment: New hardware faces market skepticism. Amazon’s $499.99-plus Alexa Tablet 12 Pro moves the company into a higher-priced segment against Apple’s iPad, while Apple’s new smart-home products intensify competition. Amazon Alexa Tablet Launch

Amazon.com Stock Performance

NASDAQ AMZN opened at $254.08 on Thursday. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock has a market cap of $2.74 trillion, a price-to-earnings ratio of 35.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.45. The business has a fifty day moving average of $257.59 and a 200-day moving average of $251.19. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business's revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 earnings per share. As a group, analysts predict that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, June 18th. Citizens Jmp restated a "market outperform" rating and issued a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Friday, August 14th. Finally, DA Davidson reiterated a "neutral" rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $322.53.

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.

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