322,391 Amazon.com, Inc. $AMZN Shares Purchased by Saudi Central Bank

Key Points

• Saudi Central Bank increased its Amazon stake by 90.8% in the second quarter, purchasing 322,391 shares and bringing its total holdings to 677,520 shares valued at approximately $161.5 million.
• Amazon reported strong quarterly results, with revenue rising 19.6% year over year to $200.61 billion and EPS of $5.75, well above the $1.82 consensus estimate. Analysts maintain a generally positive outlook, with a consensus price target of $321.63.
• Amazon’s AI and AWS expansion remain key growth drivers, but investors face risks from heavy AI infrastructure spending, potential free-cash-flow pressure, regulatory scrutiny and data-center opposition. Company insiders also sold $18.3 million of stock over the past three months.

Saudi Central Bank grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 90.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 677,520 shares of the e-commerce giant's stock after purchasing an additional 322,391 shares during the quarter. Amazon.com makes up approximately 2.1% of Saudi Central Bank's investment portfolio, making the stock its 11th largest position. Saudi Central Bank's holdings in Amazon.com were worth $161,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of AMZN. Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock worth $26,000 after buying an additional 3,414 shares during the period. TOP Private Wealth LLC. bought a new position in shares of Amazon.com in the 2nd quarter worth $29,000. Bard Associates Inc. bought a new position in shares of Amazon.com in the 2nd quarter worth $32,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Amazon.com during the 2nd quarter worth $33,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in shares of Amazon.com during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 6,172 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the sale, the chief financial officer directly owned 109,207 shares in the company, valued at $28,427,674.17. This trade represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,589 shares of company stock valued at $18,329,015 in the last three months. 8.90% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $251.52 on Monday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.71 trillion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.95 and a beta of 1.45. The business has a 50-day moving average price of $257.06 and a 200-day moving average price of $248.51.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 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 net margin of 17.44% and a return on equity of 18.00%. The business's revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. Equities analysts predict that Amazon.com, Inc. will post 8.01 EPS for the current year.

Key Amazon.com News

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

• Positive Sentiment: AWS data-center push received support: Amazon Web Services pledged more than $1 billion over five years for communities hosting its U.S. data centers, including job training, education and infrastructure initiatives. The investment is intended to ease resistance to new facilities and help Amazon secure capacity for AI workloads. Amazon to invest $1 billion over five years in US data center communities
• Positive Sentiment: AI and AWS growth remain the main bullish catalyst: Reports highlighted AWS’s rapid expansion, a more than $1 billion Synopsys agreement supporting custom-chip development, and Anthropic’s expected long-term AWS commitments of roughly $110 billion. Amazon also launched an AI agent that audits customers’ cloud environments, potentially increasing AWS usage while improving customer cost, security and performance management. Amazon Is Both Landlord And Shareholder In Anthropic’s Giant Cloud Bet
• Positive Sentiment: Analyst confidence provided additional support: Goldman Sachs added Amazon to its conviction list, while New Street raised its price target to $385 and maintained a Buy rating. Analysts cited AWS growth, generative AI exposure and potential retail-margin improvement as reasons for longer-term upside. New Street Adjusts Price Target on Amazon.com to $385
• Neutral Sentiment: Amazon is reportedly exploring an $8 billion chip sale-and-leaseback: Moving Nvidia AI chips to an investment vehicle could make the balance sheet more asset-light and help fund capital spending, but it also underscores the scale of Amazon’s AI infrastructure costs and financing requirements. Amazon seeks to offload $8 billion of Nvidia chips
• Negative Sentiment: Investors face profitability and regulatory risks: Analysts questioned how much AWS earnings are distorted by unrealized Anthropic investment gains, while surging AI capital expenditures could pressure free cash flow. Potential tougher EU cloud rules, data-center opposition, warehouse labor actions and Prime-related settlement payments add further uncertainty. What Are Amazon Investors Paying for AWS Without Investment Gains?

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Barclays reaffirmed an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. KeyCorp boosted their price objective on shares of Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. UBS Group set a $200.00 target price on shares of Amazon.com in a research report on Thursday, September 17th. Finally, Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a research note on Thursday, June 18th. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $321.63.

Amazon.com Profile

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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