5,477 Shares in Amazon.com, Inc. $AMZN Bought by Planning Directions Inc.

Key Points

• Planning Directions Inc. acquired 5,477 Amazon shares worth approximately $1.305 million during the second quarter, making Amazon its 21st-largest holding and 0.6% of its portfolio. Institutional investors collectively own 72.2% of Amazon.
• Analysts remain broadly bullish: Amazon has an average “Moderate Buy” rating and a consensus price target of $323.26, with recent targets ranging from $315 to $350.
• Amazon reported a strong quarter, with $5.75 in EPS and $200.61 billion in revenue, exceeding expectations; revenue increased 19.6% year over year. The stock opened at $248.42, down 2.0%, while insiders have sold about $18.6 million of shares over the past three months.

Planning Directions Inc. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,477 shares of the e-commerce giant's stock, valued at approximately $1,305,000. Amazon.com accounts for about 0.6% of Planning Directions Inc.'s portfolio, making the stock its 21st biggest position.

Other hedge funds have also recently made changes to their positions in the company. Auto Owners Insurance Co raised its position in shares of Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after buying an additional 98,090,585 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Amazon.com during the second quarter valued at about $16,341,405,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Amazon.com during the second quarter valued at approximately $6,631,466,000. Danske Bank A S purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $2,494,705,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Amazon.com by 32.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 32,578,171 shares of the e-commerce giant's stock valued at $6,785,036,000 after purchasing an additional 7,924,943 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on AMZN shares. Citizens Jmp reaffirmed a "market outperform" rating and issued a $315.00 price target on shares of Amazon.com in a report on Friday, July 31st. Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Zacks Research upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. Rosenblatt Securities assumed coverage on shares of Amazon.com in a report on Thursday, August 20th. They set a "buy" rating and a $335.00 price objective for the company. Finally, KeyCorp upped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $323.26.

Amazon.com Stock Down 2.0%

NASDAQ:AMZN opened at $248.42 on Wednesday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The company has a 50-day moving average of $255.80 and a 200 day moving average of $244.98. The firm has a market cap of $2.68 trillion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 EPS. As a group, research analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,343 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the completion of the transaction, the vice president owned 119,780 shares of the company's stock, valued at $31,024,217.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 company's stock in a transaction 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 sale, the chief executive officer owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. This represents a 44.97% 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. In the last three months, insiders have sold 71,589 shares of company stock worth $18,568,785. Insiders own 8.90% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: Large AI infrastructure commitments support AWS growth. Amazon reportedly could purchase up to $60 billion of Qualcomm AI chips, while its partnership with Wiwynn will expand U.S. server manufacturing capacity and create nearly 1,000 jobs. These developments reinforce Amazon’s long-term investment in cloud and artificial-intelligence infrastructure. Amazon Could Buy Up to $60 Billion From Qualcomm
• Positive Sentiment: Anthropic stake and operating outlook remain potential value drivers. Reports that Anthropic expects a second consecutive quarter of adjusted operating profit—and could pursue a valuation of as much as $2 trillion—highlight the potential value of Amazon’s roughly $13 billion investment in the AI developer. Anthropic Expects a Second Straight Quarter of Adjusted Operating Profit
• Positive Sentiment: Retail and advertising initiatives offer additional support. Amazon India’s rapid-delivery service reportedly surpassed $1 billion in annualized sales, and the company scheduled Prime Big Deal Days for October 6–7. Amazon also expanded its advertising reach through a pilot with ChatGPT. Amazon India’s Amazon Now Tops $1 Billion
• Neutral Sentiment: Analysts remain broadly optimistic. Coverage indicates Amazon has no sell ratings and continued confidence in earnings, cash flow and AWS growth, although bullish ratings have not prevented near-term volatility. Is It Worth Investing in Amazon Based on Wall Street’s Bullish Views?
• Negative Sentiment: AWS cannot restore access to damaged facilities in Bahrain and the UAE. The prolonged loss of access to customer data and cloud availability zones raises concerns about service resilience, customer retention, potential costs and reputational damage. This was the most direct company-specific pressure on AMZN. AWS Unable to Restore Access After War Damage
• Negative Sentiment: Macro and competitive pressures weighed on technology stocks. Investors prepared for a Federal Reserve rate decision amid higher yields and oil prices, while commentary suggested AWS cloud growth is lagging Microsoft Azure and Google Cloud in AI. Amazon also paused operations with 21 Air after a fatal cargo-plane crash, adding logistics and reputational risk. Amazon Stock Slides: What’s Happening?

Amazon.com Company 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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