4,695 Amazon.com, Inc. $AMZN Shares Acquired by Ballast Inc.

Key Points

• Ballast Inc. increased its Amazon stake by 25.3% in the second quarter, acquiring 4,695 shares and bringing its holdings to 23,220 shares valued at approximately $5.5 million. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Amazon reported quarterly revenue of $200.61 billion and earnings of $5.75 per share, exceeding analyst expectations, while revenue rose 19.6% year over year. The stock opened at $249.15, with a market capitalization of about $2.69 trillion.
• Analyst sentiment remains favorable, with 56 Buy ratings and three Hold ratings and a consensus price target of $321.63. Meanwhile, CEO Andy Jassy and CFO Brian Olsavsky sold shares under pre-arranged Rule 10b5-1 trading plans.

Ballast Inc. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 25.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,220 shares of the e-commerce giant's stock after acquiring an additional 4,695 shares during the quarter. Amazon.com makes up 1.0% of Ballast Inc.'s holdings, making the stock its 22nd largest holding. Ballast Inc.'s holdings in Amazon.com were worth $5,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lee Kelleher & Klein Wealth Management purchased a new stake in Amazon.com in the 2nd quarter worth approximately $207,000. Regent Peak Wealth Advisors LLC grew its holdings in shares of Amazon.com by 2.0% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 49,094 shares of the e-commerce giant's stock valued at $11,701,000 after acquiring an additional 940 shares in the last quarter. GoalFusion Wealth Management LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at $217,000. Insight Wealth Strategies LLC increased its stake in shares of Amazon.com by 7.4% in the second quarter. Insight Wealth Strategies LLC now owns 30,273 shares of the e-commerce giant's stock worth $7,317,000 after acquiring an additional 2,081 shares during the last quarter. Finally, Accel Wealth Management increased its stake in shares of Amazon.com by 0.9% in the second quarter. Accel Wealth Management now owns 32,034 shares of the e-commerce giant's stock worth $7,635,000 after acquiring an additional 294 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

AMZN opened at $249.15 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market cap of $2.69 trillion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.91 and a beta of 1.44. The stock has a 50-day moving average of $256.38 and a 200-day moving average of $247.94. 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 issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same period last year, the business earned $1.68 EPS. The firm's revenue was up 19.6% compared to the same quarter last year. As a group, equities research analysts forecast that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other news, CFO Brian Olsavsky sold 6,172 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the transaction, the chief financial officer owned 109,207 shares of the company's stock, valued at $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. The trade was a 0.89% 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. Over the last 90 days, insiders have sold 70,589 shares of company stock valued at $18,329,015. 8.90% of the stock is owned by company insiders.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Rosenblatt raised its price target to $360 from $335 and maintained a Buy rating, implying roughly 46% upside. The firm said concerns that Meta’s Muse and OpenAI’s Dots could displace Amazon’s retail and advertising businesses are overstated. How Amazon’s stock can fight off the AI threat and soar 46%
• Positive Sentiment: AWS agreed to a multiyear Synopsys deal worth more than $1 billion to license chip-design technology. The agreement should support Amazon’s Trainium and Graviton custom-chip efforts, potentially reducing its reliance on Nvidia processors and improving AWS economics over time. Synopsys, Amazon Web Services sign chip design licensing deal
• Positive Sentiment: Amazon signed a 20-year nuclear power agreement with Constellation Energy supporting expansion of Maryland’s Calvert Cliffs plant. The deal could help secure reliable, low-carbon electricity for Amazon’s growing data-center and AI infrastructure needs. Constellation, Amazon sign 20-year power deal
• Positive Sentiment: New consumer products and services provided additional support. Amazon launched a faster Fire TV Stick 4K with expanded Alexa+ functionality and introduced shipping tools intended to lower delivery costs for sellers of bulky products. These initiatives could support device engagement, retail activity, and marketplace participation. Amazon stock rallies on new Alexa and Fire TV abilities

Analyst Ratings Changes

A number of analysts recently issued reports on AMZN shares. Evercore set a $355.00 price objective on Amazon.com and gave the company an "outperform" rating in a research report on Friday, August 28th. Mizuho set a $330.00 target price on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. BMO Capital Markets reaffirmed an "outperform" rating and set a $360.00 price target (up from $355.00) on shares of Amazon.com in a research note on Tuesday, July 28th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $338.00 price target (up from $328.00) on shares of Amazon.com in a research note on Thursday, September 3rd. Finally, UBS Group set a $200.00 price target on Amazon.com in a 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. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $321.63.

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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