561,159 Shares in Amazon.com, Inc. $AMZN Acquired by Advisors Capital Management LLC

Key Points

• Advisors Capital Management acquired 561,159 Amazon shares worth approximately $133.7 million, making Amazon its 11th-largest holding. Institutional investors collectively own 72.2% of the company.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds; Amazon has a consensus “Moderate Buy” rating and an average price target of $323.26.
• Amazon’s latest quarterly results exceeded expectations, with $5.75 in adjusted EPS and $200.61 billion in revenue, up 19.6% year over year. However, insiders sold 71,589 shares worth $18.6 million over the past three months, and the stock opened at $245.96.

Advisors Capital Management LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 561,159 shares of the e-commerce giant's stock, valued at approximately $133,747,000. Amazon.com accounts for 1.4% of Advisors Capital Management LLC's portfolio, making the stock its 11th biggest holding.

Several other hedge funds also recently bought and sold shares of the business. Auto Owners Insurance Co grew its holdings in shares of Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Amazon.com during the 2nd quarter valued at about $16,341,405,000. Amundi lifted its holdings in Amazon.com by 14.1% during the 1st quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock valued at $12,787,883,000 after buying an additional 7,590,952 shares in the last quarter. Invesco Ltd. boosted its position in Amazon.com by 3.3% in the 4th quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock valued at $13,757,993,000 after buying an additional 1,879,630 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Amazon.com by 23.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 39,029,984 shares of the e-commerce giant's stock valued at $8,126,338,000 after buying an additional 7,305,560 shares during the period. Institutional investors own 72.20% of the company's stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction dated Friday, August 21st. The shares were 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 approximately $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Douglas Herrington sold 6,362 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares of the company's stock, valued at $123,465,145.81. The trade was a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 $18,568,785 in the last three months. 8.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $335.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Wolfe Research reiterated an "outperform" rating and issued a $315.00 price target on shares of Amazon.com in a report on Friday, July 31st. Roth Capital reissued a "buy" rating and issued a $325.00 price objective on shares of Amazon.com in a research note on Monday, August 3rd. Wells Fargo & Company restated an "overweight" rating and set a $338.00 price objective (up from $328.00) on shares of Amazon.com in a report on Thursday, September 3rd. Finally, Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, August 3rd. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $323.26.

Amazon.com Stock Down 1.0%

Amazon.com stock opened at $245.96 on Thursday. The business has a fifty day moving average of $255.84 and a two-hundred day moving average of $245.25. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.65 trillion, a P/E ratio of 19.79, a P/E/G ratio of 1.92 and a beta of 1.44. 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 announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business's revenue was up 19.6% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. On average, analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon agreed to a long-term deal with Generac to supply backup generators for its data centers. Initial deliveries are expected to total approximately $2.4 billion in 2027 and 2028, while Amazon received warrants to purchase up to roughly $340 million of Generac stock. The agreement signals continued expansion of Amazon’s AI and cloud infrastructure. Generac, Amazon strike $2.4 billion long-term generator supply deal
• Positive Sentiment: Amazon reportedly plans to expand its same-day delivery network from 85 locations to more than 1,000 hubs by 2031, potentially placing facilities within 10 miles of most U.S. Prime members. The strategy could improve delivery speed and strengthen Amazon’s retail moat. Amazon's next move could reshape how America shops
• Positive Sentiment: Amazon launched Alexa+ in India with Hindi-language support, expanding its conversational-AI ecosystem in a major growth market. Investors also continue to focus on strong AWS demand, advertising growth and Amazon’s stake in Anthropic as potential longer-term catalysts. Amazon launches Alexa+ in India with Hindi support
• Neutral Sentiment: Amazon raised minimum starting pay for U.S. core-operations employees to $20 per hour and added grocery and banking benefits. The move may support hiring and retention, but management expects the program to cost about $1.5 billion, creating near-term margin pressure. Amazon raises minimum hourly pay by $1 to $20
• Negative Sentiment: AWS said it cannot restore access to a Bahrain facility and one UAE availability zone damaged during the Iran conflict. The disclosure raises concerns about data recovery, customer trust and possible financial or regulatory consequences. Amazon's AWS is unable to restore access
• Negative Sentiment: Analyst commentary highlighted that AI-related capital expenditures are accelerating AWS growth but weighing on free cash flow and increasing reliance on debt. Separately, Zacks downgraded AMZN from “strong buy” to “hold,” adding to valuation and execution concerns. Amazon's AI Bet Is Paying Off in Revenues

Amazon.com 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.