67,240 Amazon.com, Inc. $AMZN Shares Acquired by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Amazon stake by 14.8%, acquiring 67,240 shares to reach 522,573 shares valued at approximately $123.7 million. Institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Amazon reported quarterly earnings of $5.75 per share, well above the $1.82 analyst estimate, while revenue rose 19.6% year over year to $200.61 billion.
• Analysts maintain a broadly bullish outlook, with Amazon carrying a “Moderate Buy” consensus rating and an average price target of $322.86; however, insiders sold $18.6 million of stock over the past 90 days.

Envestnet Portfolio Solutions Inc. lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 522,573 shares of the e-commerce giant's stock after acquiring an additional 67,240 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Amazon.com were worth $123,656,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMZN. Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% during 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. TOP Private Wealth LLC. acquired a new position in Amazon.com in the 2nd quarter worth approximately $29,000. Bard Associates Inc. acquired a new position in Amazon.com in the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC purchased a new position in Amazon.com during the 2nd quarter worth approximately $33,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in shares of Amazon.com in the fourth quarter worth $45,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 3.3%

NASDAQ:AMZN opened at $262.43 on Friday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The firm has a market cap of $2.83 trillion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.96 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. The stock has a fifty day moving average price of $258.83 and a 200 day moving average price of $249.88.

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 for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Matthew S. 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 completion of the transaction, the chief executive officer directly owned 17,794 shares in the company, 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 document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the transaction, the chief executive officer owned 476,681 shares in the company, 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 71,589 shares of company stock worth $18,580,515 in the last 90 days. 8.90% of the stock is currently owned by corporate insiders.

More Amazon.com News

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group set a $200.00 target price on shares of Amazon.com in a report on Thursday, September 17th. KeyCorp raised their price target on shares of Amazon.com from $335.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Wells Fargo & Company restated an "overweight" rating and set a $338.00 price target (up from $328.00) on shares of Amazon.com in a research report on Thursday, September 3rd. Mizuho set a $330.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Pivotal Research reiterated a "buy" rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $322.86.

About Amazon.com

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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