55 North Private Wealth LLC Grows Holdings in Amazon.com, Inc. $AMZN

Key Points

• 55 North Private Wealth increased its Amazon stake by 19% in the second quarter, reaching 16,557 shares valued at approximately $3.95 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish, with 56 Buy ratings, one Strong Buy and two Holds; the consensus is Moderate Buy with a $322.56 price target. Amazon recently beat earnings expectations, reporting $5.75 in EPS and $200.61 billion in revenue, up 19.6% year over year.
• Amazon is expanding aggressively in AI and cloud infrastructure, including an approximately $18 billion Louisiana data-center investment, but elevated capital spending, financing needs and regulatory scrutiny could pressure free cash flow. Insiders have sold 62,650 shares worth about $16.5 million over the past 90 days under pre-arranged trading plans.

55 North Private Wealth LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 19.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,557 shares of the e-commerce giant's stock after acquiring an additional 2,645 shares during the quarter. Amazon.com accounts for 0.8% of 55 North Private Wealth LLC's investment portfolio, making the stock its 20th largest position. 55 North Private Wealth LLC's holdings in Amazon.com were worth $3,946,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new position in Amazon.com in the fourth quarter valued at $32,868,735,000. Auto Owners Insurance Co raised its position in Amazon.com by 27,376.7% in the 4th 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 purchasing an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP grew its holdings in Amazon.com by 20,598.0% during the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock worth $20,308,193,000 after acquiring an additional 87,557,736 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Amazon.com during the 1st quarter worth $11,674,091,000. Finally, Cardano Risk Management B.V. lifted its position in shares of Amazon.com by 879.4% during the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock worth $6,431,199,000 after purchasing an additional 25,017,588 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 15,467 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the transaction, the chief executive officer directly owned 14,159 shares of the company's stock, valued at $3,729,480.60. This trade represents a 52.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the sale, the chief executive officer owned 2,205,766 shares in the company, valued at $581,042,879.72. This represents a 0.90% decrease in their ownership of the stock. 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 90 days, insiders sold 62,650 shares of company stock worth $16,535,457. 8.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Rosenblatt Securities increased their target price on Amazon.com from $332.00 to $345.00 and gave the company a "buy" rating in a report on Friday, July 31st. Benchmark increased their price objective on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Piper Sandler reissued an "overweight" rating and set a $320.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Arete Research increased their target price on shares of Amazon.com from $301.00 to $310.00 and gave the company a "buy" rating in a research report on Monday, May 18th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Amazon.com 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $322.56.

Amazon.com Price Performance

Shares of AMZN opened at $259.45 on Wednesday. The stock's 50 day moving average is $248.53 and its two-hundred day moving average is $238.89. The firm has a market capitalization of $2.80 trillion, a PE ratio of 20.87, a P/E/G ratio of 1.75 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion for the quarter, compared to analyst estimates 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. Research analysts anticipate that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Bullish AWS outlook: Morgan Stanley reiterated its bullish view and said AWS could eventually become a $1 trillion annual-revenue business if Amazon successfully converts AI capacity into durable cloud demand. The firm maintained a $335 price target. Amazon's $500 Bull Case Puts AWS Under Massive Pressure
• Positive Sentiment: Expanded data-center investment: Amazon raised its planned Louisiana investment to approximately $18 billion and added a third campus. Securing power, water and transmission capacity could support AWS expansion and AI workloads, although it will increase near-term capital requirements. Amazon Raises Louisiana Investment To $18 Billion, Adds Third Data Center Campus
• Positive Sentiment: AI and retail initiatives: Amazon’s conversational shopping tools and AI-powered advertising are reported to be increasing product discovery, advertiser returns and retail volumes. These efforts could strengthen both e-commerce monetization and AWS demand. Amazon Thinks AI Is About to Change the Way We Shop
• Positive Sentiment: Institutional support and logistics expansion: Baupost, Coatue and Appaloosa added to Amazon positions, while Third Point’s 10% reduction appeared to be a modest rebalance rather than a full exit. Amazon also holds warrants representing about 12% of Einride, which is expanding its electric freight network with 500 Tesla Semi trucks. A Star Investor Just Trimmed Amazon
• Neutral Sentiment: Mixed hedge-fund signals: Q2 filings showed major investors making sharply different moves, including sizable purchases by Viking and Druckenmiller’s Duquesne alongside reductions by Bridgewater and others. The filings support interest in AMZN but do not establish a uniform institutional view. Amazon Sees Heavy Hedge Fund Activity in Q2
• Negative Sentiment: AI spending and financing concerns: Amazon is part of a broader hyperscaler borrowing surge to fund AI infrastructure, while analysts warn that elevated capital expenditures could depress free cash flow and raise depreciation expenses before returns are proven. Rival CoreWeave also highlights the risk that some high-margin AI workloads may bypass AWS.
• Negative Sentiment: Project and regulatory risks: A proposed $10 billion Houston data-center campus faces scrutiny over secrecy and tightening Texas rules. Separately, concerns about emissions from gas plants supporting AI data centers could increase regulatory and reputational pressure. Amazon’s $10B Houston Data Center Project Hits Snags

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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