6,243 Shares in Amazon.com, Inc. $AMZN Purchased by Tortoise Investment Management LLC

Key Points

• Tortoise Investment Management purchased 6,243 Amazon shares worth approximately $1.49 million in the second quarter. Institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Amazon reported strong quarterly results, with revenue rising 19.6% year over year to $200.61 billion and EPS of $5.75, well above analyst expectations. Analysts maintain a “Moderate Buy” consensus, with an average price target of $323.26.
• AWS and artificial intelligence remain key growth catalysts, supported by enterprise adoption and a potential Qualcomm chip agreement, though heavy AI-related spending, leverage, regulatory concerns and operational risks remain challenges.

Tortoise Investment Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,243 shares of the e-commerce giant's stock, valued at approximately $1,488,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Trust Asset Management LLC grew its stake in Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock worth $26,000 after purchasing an additional 3,414 shares in the last quarter. Longfellow Investment Management Co. LLC bought a new position in Amazon.com in the second quarter worth about $33,000. MilWealth Group LLC boosted its position in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after purchasing an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com during the fourth quarter worth about $45,000. Finally, Elkhorn Partners Limited Partnership grew its position in Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS remains the primary bullish catalyst. Analysts and market commentators described AWS as the “heartbeat” of the AI trade, citing its fastest growth in 18 quarters and Amazon’s ability to combine cloud AI services with its large e-commerce ecosystem. AWS Cloud Heartbeat of AI Trade
• Positive Sentiment: A major Qualcomm partnership strengthens Amazon’s AI infrastructure position. Amazon could purchase as much as $60 billion of Qualcomm AI data-center chips and related products under a long-term agreement. The deal supports AWS capacity expansion and signals confidence in sustained AI demand, although it also implies substantial future capital spending. Qualcomm AI Ambitions Get a Boost From Amazon Partnership
• Positive Sentiment: Amazon’s AI products are gaining enterprise validation. Rivian used Amazon Bedrock to automate finance work and eliminate more than 15 days of manual effort per close cycle, offering a concrete example of potential Bedrock demand. Amazon also expanded its Quick AI assistant to mobile devices. Rivian’s AI Agents Cut 15 Days From Every Close
• Positive Sentiment: Prime Air is moving closer to broader UK drone deliveries. Amazon completed more than 500 flights during a UK trial and is seeking approval to expand service in Darlington. Successful deployment could improve delivery economics and support longer-term logistics automation. Amazon delivery drones set for UK expansion
• Neutral Sentiment: Amazon Pay India is considering travel insurance and other financial products, expanding its potential addressable market but providing limited near-term earnings impact. Amazon Pay plans to expand insurance offerings
• Negative Sentiment: Risks remain around costs, leverage, and operations. Amazon’s AI buildout requires heavy capital spending and new debt, while potential changes to Ohio data-center tax incentives could reduce project economics. Separately, a fatal accident involving an aircraft operating for Prime Air has increased regulatory and reputational risk. Amazon’s Aviation Network Faces a Sobering Test

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $254.77, for a total value of $254,770.00. Following the sale, the chief executive officer owned 475,681 shares of the company's stock, valued at approximately $121,189,248.37. This trade represents a 0.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of Amazon.com 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 $606,860.43. Following the completion of the sale, the vice president owned 119,780 shares in the company, valued at $31,024,217.80. This trade represents a 1.92% decrease in their ownership of the stock. 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 worth $18,568,785 in the last ninety days. 8.90% of the stock is owned by insiders.

Amazon.com Trading Up 1.9%

NASDAQ AMZN opened at $256.78 on Friday. The company has a market capitalization of $2.77 trillion, a PE ratio of 20.66, a P/E/G ratio of 1.98 and a beta of 1.44. The stock has a 50-day simple moving average of $255.56 and a 200 day simple moving average of $244.13. 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 12 month low of $196.00 and a 12 month 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during 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 business's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMZN shares. Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research report on Friday, July 31st. HSBC reissued a "buy" rating and set a $310.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $325.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $320.00 target price (down from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $320.00 target price (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $323.26.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

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.