65,135 Shares in Amazon.com, Inc. $AMZN Acquired by NWK Group Inc.

Key Points

• NWK Group acquired 65,135 Amazon shares worth approximately $15.5 million in the second quarter, making Amazon 4.8% of its portfolio and its seventh-largest holding.
• Analysts remain bullish, with Amazon carrying a “Moderate Buy” consensus rating and an average price target of $323.26; several firms recently raised targets to as high as $400.
• Amazon reported strong quarterly results, with revenue up 19.6% year over year and earnings significantly exceeding estimates, although the stock recently traded down 2% and insiders sold $18.6 million in shares during the quarter.

NWK Group Inc. bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 65,135 shares of the e-commerce giant's stock, valued at approximately $15,524,000. Amazon.com comprises about 4.8% of NWK Group Inc.'s portfolio, making the stock its 7th biggest holding.

A number of other hedge funds have also modified their holdings of AMZN. Trust Asset Management LLC increased its holdings in Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after purchasing an additional 3,414 shares during the last quarter. Longfellow Investment Management Co. LLC acquired a new stake in shares of Amazon.com in the second quarter valued at $33,000. MilWealth Group LLC raised its holdings in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after buying an additional 79 shares during the period. Lifetime Wealth Management P.C. purchased a new stake in shares of Amazon.com in the 4th quarter valued at $45,000. Finally, Prudent Man Investment Management Inc. lifted its stake in Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock worth $53,000 after acquiring an additional 107 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com News Summary

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?

Analysts Set New Price Targets

A number of equities analysts recently commented on AMZN shares. HSBC restated a "buy" rating and set a $310.00 target price on shares of Amazon.com in a report on Friday, July 31st. Royal Bank Of Canada increased their price target on shares of Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Morgan Stanley restated an "overweight" rating and issued a $335.00 price objective (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Citigroup reiterated a "market outperform" rating on shares of Amazon.com in a report on Friday, August 14th. Finally, Benchmark raised their price target on shares of Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $323.26.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas Herrington sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $254.77, for a total transaction of $254,770.00. Following the transaction, 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 ownership of the stock. The sale 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, VP Shelley Reynolds sold 2,343 shares of the business's stock in a transaction dated 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 sale, the vice president directly 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock valued at $18,568,785 over the last quarter. 8.90% of the stock is owned by corporate insiders.

Amazon.com Trading Down 2.0%

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

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 for the quarter, topping the consensus estimate 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 analyst estimates of $197.03 billion. During the same quarter last year, the company earned $1.68 EPS. The business's quarterly revenue was up 19.6% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

About Amazon.com

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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