2,064 Amazon.com, Inc. $AMZN Shares Acquired by Spartan Planning & Wealth Management

Key Points

• Spartan Planning & Wealth Management increased its Amazon position by 17.1% in the third quarter, acquiring 2,064 shares for a total holding of 14,118 shares valued at approximately $3.5 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Analyst sentiment remains strongly positive: 57 analysts rate Amazon a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $322.53.
• Amazon’s AI and AWS expansion continues to attract investor interest, but the company faces risks from roughly $220 billion in planned annual capital expenditures, negative free cash flow and rising debt. Company insiders sold 71,589 shares worth about $18.6 million over the past three months.

Spartan Planning & Wealth Management grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 17.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,118 shares of the e-commerce giant's stock after acquiring an additional 2,064 shares during the quarter. Amazon.com comprises about 2.3% of Spartan Planning & Wealth Management's portfolio, making the stock its 12th largest position. Spartan Planning & Wealth Management's holdings in Amazon.com were worth $3,517,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Silvant Capital Management LLC purchased a new stake in Amazon.com during the 2nd quarter worth approximately $60,065,000. Public Employees Retirement System of Ohio purchased a new position in shares of Amazon.com in the second quarter worth $909,868,000. Northstar Financial Companies Inc. purchased a new position in shares of Amazon.com in the second quarter worth $3,376,000. Gryphon Financial Partners LLC lifted its stake in shares of Amazon.com by 7.5% during the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after buying an additional 5,125 shares during the period. Finally, First Citizens Bank & Trust Co. lifted its stake in shares of Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock worth $63,285,000 after buying an additional 5,104 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMZN. Susquehanna reissued a "positive" rating on shares of Amazon.com in a report on Tuesday, October 6th. Sanford C. Bernstein restated an "outperform" rating and issued a $320.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. BMO Capital Markets reaffirmed an "outperform" rating and set a $360.00 price target (up from $355.00) on shares of Amazon.com in a research report on Tuesday, July 28th. Wells Fargo & Company set a $329.00 price target on Amazon.com and gave the company an "overweight" rating in a research note on Monday, October 12th. Finally, TD Cowen reiterated a "buy" rating and set a $350.00 price target on shares of Amazon.com in a research note on Monday, October 5th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $322.53.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction dated Friday, August 21st. The stock was 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 approximately $4,609,713.64. This trade represents a 44.97% decrease in their position. The sale 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, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares of the company's stock, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 three months. Company insiders own 8.90% of the company's stock.

Key Amazon.com News

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

• Positive Sentiment: Morgan Stanley names Amazon a top pick: The firm raised its price target to $350 from $335 and maintained an Overweight rating, citing an “under-appreciated” AWS growth runway. Morgan Stanley now expects AWS growth of approximately 47% in 2027, alongside potential gains from Bedrock, agentic AI, advertising, robotics and automated fulfillment. Amazon stock pops after Morgan Stanley details five catalysts
• Positive Sentiment: AWS makes Trainium easier to adopt: Amazon introduced TorchNeuron, a tool designed to let developers run existing PyTorch applications on its Trainium chips with minimal code changes. The software could reduce Nvidia’s CUDA-related ecosystem advantage, improve Trainium adoption and lower customer AI-computing costs. Amazon is taking its biggest shot at Nvidia with TorchNeuron
• Positive Sentiment: Long-term power strategy supports AI expansion: Amazon agreed to fund development of a proposed 960-megawatt Indiana nuclear plant and intends to purchase its electricity. The project could provide reliable power for expanding data-center capacity, although it remains subject to feasibility work and approvals. Amazon to fund 12 small nuclear reactors in Indiana
• Neutral Sentiment: Data-center supply chain activity: 3M expanded its commercial relationship with Amazon for data-center products, reportedly involving a multibillion-dollar opportunity. The agreement highlights continued infrastructure spending but does not appear to materially change Amazon’s near-term earnings outlook. 3M expands Amazon data center partnership
• Negative Sentiment: Capital intensity remains a risk: Commentary noted Amazon’s planned roughly $220 billion in annual capital expenditures, negative free cash flow and higher long-term debt. Investors will need evidence that AI spending translates into durable AWS revenue and margin expansion. Amazon’s AI data-center spending challenges

Amazon.com Stock Up 5.0%

NASDAQ:AMZN opened at $262.45 on Tuesday. The firm has a market capitalization of $2.83 trillion, a P/E ratio of 21.11, a PEG ratio of 1.93 and a beta of 1.45. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The company's fifty day moving average price is $256.44 and its 200-day moving average price is $252.31. 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 (NASDAQ:AMZN - Get Free Report) last issued its 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. The firm had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm's revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 8.02 EPS for the current year.

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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