4,639 Amazon.com, Inc. $AMZN Shares Purchased by Smith Chas P & Associates PA Cpas

Key Points

• Institutional buying: Smith Chas P & Associates increased its Amazon stake by 2.4% in the second quarter, purchasing 4,639 shares to hold 195,038 shares valued at $46.5 million. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Strong financial and analyst outlook: Amazon exceeded quarterly earnings and revenue expectations, with revenue rising 19.6% year over year. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $322.86.
• Risks and insider activity: Amazon insiders sold 71,589 shares worth $18.6 million over the past 90 days, while the company faces scrutiny over AI-related spending, restructuring, data-center negotiations, and potential antitrust issues.

Smith Chas P & Associates PA Cpas increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 195,038 shares of the e-commerce giant's stock after purchasing an additional 4,639 shares during the quarter. Amazon.com makes up 2.3% of Smith Chas P & Associates PA Cpas' investment portfolio, making the stock its 15th biggest holding. Smith Chas P & Associates PA Cpas' holdings in Amazon.com were worth $46,485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Talon Private Wealth LLC raised its position in shares of Amazon.com by 20.0% during the second quarter. Talon Private Wealth LLC now owns 18,859 shares of the e-commerce giant's stock worth $4,495,000 after acquiring an additional 3,139 shares during the last quarter. Marathon Wealth Advisors LLC boosted its holdings in Amazon.com by 0.3% in the second quarter. Marathon Wealth Advisors LLC now owns 43,760 shares of the e-commerce giant's stock valued at $10,430,000 after acquiring an additional 114 shares during the last quarter. U S Wealth Group LLC. increased its position in Amazon.com by 7.7% during the 2nd quarter. U S Wealth Group LLC. now owns 21,770 shares of the e-commerce giant's stock valued at $5,189,000 after purchasing an additional 1,562 shares during the period. Junto Capital Management LP increased its position in Amazon.com by 78.9% during the 2nd quarter. Junto Capital Management LP now owns 594,790 shares of the e-commerce giant's stock valued at $141,762,000 after purchasing an additional 262,232 shares during the period. Finally, Bouchey Financial Group Ltd. raised its holdings in Amazon.com by 1.2% during the 2nd quarter. Bouchey Financial Group Ltd. now owns 117,848 shares of the e-commerce giant's stock worth $28,088,000 after purchasing an additional 1,423 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

More Amazon.com News

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the transaction, the chief executive officer owned 17,794 shares in the company, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at $10,699,926.30. This trade represents 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 a total of 71,589 shares of company stock worth $18,580,515 over the last 90 days. 8.90% of the stock is owned by company insiders.

Amazon.com Stock Up 3.3%

Shares of NASDAQ AMZN opened at $262.43 on Friday. The firm has a market cap of $2.83 trillion, a PE ratio of 21.11, a P/E/G ratio of 1.96 and a beta of 1.45. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company's fifty day simple moving average is $258.83 and its 200 day simple moving average is $249.88. 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 posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS 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 analysts' expectations of $197.03 billion. During the same period last year, the company posted $1.68 earnings per share. The business's quarterly revenue was up 19.6% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Susquehanna restated a "positive" rating on shares of Amazon.com in a research report on Tuesday. Weiss Ratings reissued a "buy (b)" rating on shares of Amazon.com in a research note on Monday, August 3rd. Pivotal Research restated a "buy" rating and issued a $333.00 target price (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Amazon.com in a research report on Monday. Finally, Barclays reaffirmed an "overweight" rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $322.86.

Amazon.com Company 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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