3,817,521 Shares in Amazon.com, Inc. $AMZN Acquired by Public Employees Retirement System of Ohio

Key Points

• Ohio’s public employees’ retirement system acquired 3.82 million Amazon shares worth approximately $909.9 million, making Amazon its fifth-largest holding at 2.7% of the portfolio.
• Institutional investors own approximately 72.2% of Amazon, while analysts maintain a “Moderate Buy” consensus with an average price target of $321.19.
• Amazon reported strong quarterly results, including $200.61 billion in revenue and $5.75 in adjusted EPS, but investors remain focused on whether substantial AI and data-center spending will generate adequate returns.

Public Employees Retirement System of Ohio acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,817,521 shares of the e-commerce giant's stock, valued at approximately $909,868,000. Amazon.com accounts for 2.7% of Public Employees Retirement System of Ohio's holdings, making the stock its 5th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE purchased a new position in Amazon.com during the second quarter valued at $22,218,775,000. Bank of New York Mellon Corp purchased a new position in shares of Amazon.com during the second quarter valued at approximately $16,341,405,000. Invesco Ltd. lifted its holdings in shares of Amazon.com by 3.3% during the 4th quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock valued at $13,757,993,000 after buying an additional 1,879,630 shares during the period. Legal & General Group Plc bought a new stake in shares of Amazon.com during the 2nd quarter valued at about $12,831,376,000. Finally, Amundi increased its holdings in Amazon.com by 14.1% during the first quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock valued at $12,787,883,000 after buying an additional 7,590,952 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on AMZN. Benchmark raised their target price on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Evercore set a $355.00 target price on Amazon.com and gave the company an "outperform" rating in a research report on Friday, August 28th. Oppenheimer reissued an "outperform" rating on shares of Amazon.com in a research note on Friday, July 31st. HSBC restated a "buy" rating and issued a $310.00 target price on shares of Amazon.com in a report on Friday, July 31st. Finally, UBS Group set a $200.00 price objective on Amazon.com in a research report on Thursday, September 17th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $321.19.

Insider Buying and Selling

In related news, CEO Andrew Jassy sold 20,000 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the company's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. This 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 71,589 shares of company stock valued at $18,568,785 over the last ninety days. 8.90% of the stock is currently owned by corporate insiders.

Key Amazon.com News

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

• Positive Sentiment: AWS and AI infrastructure remain the central bullish case. Analysts and commentators argue that Amazon’s roughly $200 billion 2026 capital-expenditure plan reflects substantial demand for AWS computing, custom chips and AI capacity. Amazon is also reportedly preparing to receive approximately $2.4 billion in backup-generator orders from Generac in 2027 and 2028, underscoring the scale of its data-center expansion. Amazon AI capital expenditures article Generac data-center orders article
• Positive Sentiment: Expansion of merchant services could broaden revenue beyond Amazon.com. New tools let sellers manage listings, inventory and orders across channels including Walmart, Shopify, TikTok and eBay. Amazon is also extending Prime delivery and fulfillment services to merchants’ own websites, potentially increasing third-party logistics revenue and seller dependence on its ecosystem. Amazon merchant services article
• Neutral Sentiment: Anthropic remains strategically important, but its infrastructure is becoming more diversified. Anthropic committed about $11.6 billion to an Akamai CPU agreement, which can be viewed as a setback for AWS. However, Amazon retains a major equity stake and an ongoing AWS relationship, limiting the immediate financial impact. Anthropic Akamai agreement article
• Negative Sentiment: Investors remain concerned that AI spending may outpace monetization. Goldman Sachs estimates hyperscalers may need roughly $300 billion in additional AI revenue to justify their investments, while Michael Burry and Jefferies’ Chris Wood have warned of leverage, overcapacity and potential write-offs. Those concerns could pressure AMZN’s valuation despite strong AWS demand. Goldman Sachs AI spending article
• Negative Sentiment: Amazon’s $3 billion India quick-commerce investment adds near-term cost and execution risk while the company attempts to catch rivals with a relatively small market share. The decision to block Meta’s Muse shopping agent also risks diverting AI-driven purchases toward Shopify and other platforms. Amazon India investment article

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $249.67 on Friday. 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 capitalization of $2.69 trillion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.44. The firm has a 50-day simple moving average of $256.39 and a 200-day simple moving average of $246.96. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20.

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, 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 business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm earned $1.68 EPS. The business's revenue was up 19.6% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon's websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

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