3,071 Amazon.com, Inc. $AMZN Shares Purchased by Robertson Stephens Wealth Management LLC

Key Points

• Robertson Stephens Wealth Management increased its Amazon stake by 1.8%, purchasing 3,071 shares to own 173,548 shares valued at approximately $43.2 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• AWS growth remains the main bullish catalyst. Analysts point to AI-driven cloud demand, potential margin expansion, advertising growth and operating leverage, with Amazon holding a consensus “Moderate Buy” rating and an average price target of $325.12.
• Heavy AI infrastructure spending is the key risk, potentially pressuring margins and free cash flow as investors assess whether rising capital expenditures are generating profitable growth. Options markets imply an unusually large post-earnings move of about 7%.

Robertson Stephens Wealth Management LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,548 shares of the e-commerce giant's stock after purchasing an additional 3,071 shares during the period. Amazon.com accounts for about 1.1% of Robertson Stephens Wealth Management LLC's holdings, making the stock its 19th biggest position. Robertson Stephens Wealth Management LLC's holdings in Amazon.com were worth $43,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Amazon.com by 5.5% in the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock valued at $95,504,904,000 after buying an additional 21,398,025 shares during the last quarter. Bank of America Corp DE purchased a new stake in Amazon.com in the second quarter valued at $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in Amazon.com in the second quarter valued at $16,341,405,000. Amundi boosted its stake in Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock valued at $15,211,393,000 after acquiring an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Amazon.com in the second quarter valued at $12,831,376,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS growth is the central bullish argument. Analysts expect strong cloud acceleration, supported by AI partnerships, a reported $496 billion backlog and capacity that is largely booked through 2026. UBS also argues that Wall Street may be underestimating AWS’s potential profitability. Will Strong AWS Performance Boost Amazon’s Q3 Earnings Report?
• Positive Sentiment: Amazon’s earnings valuation looks relatively supportive. Commentary highlights a forward P/E near its lowest level in roughly five years, while analysts remain optimistic that rising AWS margins, advertising growth and operating leverage could drive earnings higher. Amazon’s EPS Is Absolutely Exploding
• Positive Sentiment: FCC approval of Amazon Leo’s $11.5 billion Globalstar acquisition advances Amazon’s satellite and direct-to-device connectivity ambitions, potentially expanding its long-term technology platform beyond retail and cloud computing. US agency approves Amazon Leo’s acquisition of Globalstar
• Neutral Sentiment: Options markets imply an unusually large post-earnings move of about 7%. This reflects significant event risk rather than a clear directional signal, with investors weighing bullish AWS expectations against spending and margin concerns. Traders Are Pricing a 7% Swing in Amazon Ahead of Earnings
• Negative Sentiment: Heavy AI infrastructure investment remains the principal risk. Rising capital expenditures could weigh on near-term margins, free cash flow and returns, even if AWS demand is strong. Investors will scrutinize capex guidance and management’s evidence that AI spending is producing profitable growth. The real way to tell if Amazon’s AI spending is paying off
• Negative Sentiment: Amazon is reportedly scrutinizing AI usage costs. Guidance telling engineers not to maximize AI token usage suggests the company is focused on controlling rapidly rising computing expenses. Reports also indicate that Alexa+ could incur approximately $1.7 billion in cloud costs in 2026. Amazon warns against tokenmaxxing

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,343 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the transaction, the vice president owned 119,780 shares in the company, valued at $31,024,217.80. The trade was a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $251.50, for a total value of $251,500.00. Following the sale, the chief executive officer directly owned 474,681 shares of the company's stock, valued at approximately $119,382,271.50. This represents a 0.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,580,515. Corporate insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMZN. Wells Fargo & Company set a $329.00 price objective on Amazon.com and gave the stock an "overweight" rating in a report on Monday, October 12th. Benchmark boosted their target price on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Morgan Stanley reissued an "overweight" rating and issued a $350.00 target price (up from $335.00) on shares of Amazon.com in a report on Monday, October 19th. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research report on Friday, August 14th. Finally, Susquehanna restated a "positive" rating on shares of Amazon.com in a research note on Tuesday, October 6th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $325.12.

Amazon.com Stock Up 0.6%

Shares of NASDAQ:AMZN opened at $254.60 on Thursday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The stock has a market cap of $2.75 trillion, a P/E ratio of 20.48, a P/E/G ratio of 2.04 and a beta of 1.45. The firm has a fifty day moving average price of $255.11 and a 200 day moving average price of $243.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same period in the previous year, the business posted $1.68 earnings per share. Amazon.com's quarterly revenue was up 19.6% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 7.55 EPS for the current year.

About Amazon.com

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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