3,861 Amazon.com, Inc. $AMZN Shares Bought by Trail Ridge Investment Advisors LLC

Key Points

• Trail Ridge Investment Advisors increased its Amazon stake by 39%, buying 3,861 additional shares to hold 13,759 shares valued at approximately $3.43 million. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Amazon reported stronger-than-expected quarterly results, with earnings of $5.75 per share versus the $1.82 consensus estimate and revenue of $200.61 billion, up 19.6% year over year.
• Analysts remain broadly bullish, with 57 Buy ratings and three Hold ratings producing a “Moderate Buy” consensus and an average price target of $322.53. Investors are focused on AWS growth, AI infrastructure spending, margins and the company’s upcoming quarterly report.

Trail Ridge Investment Advisors LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 39.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,759 shares of the e-commerce giant's stock after acquiring an additional 3,861 shares during the period. Amazon.com accounts for about 1.5% of Trail Ridge Investment Advisors LLC's investment portfolio, making the stock its 18th largest position. Trail Ridge Investment Advisors LLC's holdings in Amazon.com were worth $3,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Silvant Capital Management LLC purchased a new stake in shares of Amazon.com in the second quarter worth about $60,065,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Amazon.com in the second quarter valued at about $909,868,000. Northstar Financial Companies Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $3,376,000. Gryphon Financial Partners LLC raised its holdings in shares of Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock valued at $15,221,000 after buying an additional 5,125 shares during the period. Finally, First Citizens Bank & Trust Co. raised its holdings in shares of Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock valued at $63,285,000 after buying an additional 5,104 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of AMZN opened at $248.00 on Monday. The business's 50 day moving average is $255.56 and its two-hundred day moving average is $253.58. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The firm has a market cap of $2.68 trillion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.04 and a beta of 1.45. 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 released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter last year, the company earned $1.68 earnings per share. The business's quarterly revenue was up 19.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 7.55 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the firm'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 $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at $31,024,217.80. This trade represents a 1.92% decrease in their position. The sale 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 Matthew Garman sold 14,541 shares of the business's 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 completion of the sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at $4,609,713.64. The trade was a 44.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,580,515 over the last ninety days. 8.90% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon's $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Roth Capital restated a "buy" rating and issued a $325.00 price target on shares of Amazon.com in a report on Monday, August 3rd. Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Cantor Fitzgerald dropped their price objective on shares of Amazon.com from $320.00 to $310.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Pivotal Research reiterated a "buy" rating and set a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Wolfe Research reissued an "outperform" rating and set a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $322.53.

Amazon.com Company 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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