ABN Amro Investment Solutions Raises Stock Position in Amazon.com, Inc. $AMZN

Key Points

• ABN Amro Investment Solutions increased its Amazon stake by 26.1% in the first quarter, adding 303,750 shares for a total of 1.47 million shares valued at approximately $305.4 million. Amazon now represents about 4% of the fund’s portfolio.
• Amazon reported a strong quarter, with revenue up 19.6% to $200.6 billion and earnings of $5.75 per share versus the $1.82 consensus estimate. AWS growth and expanding AI demand are supporting a bullish analyst outlook, with the stock carrying a “Moderate Buy” rating and an average price target of $322.56.
• Near-term risks include valuation and increased share supply: the stock recently traded down 2.3%, while Jeff Bezos reportedly plans to sell roughly $4 billion–$4.7 billion of Amazon shares. Heavy AI-related spending, regulatory scrutiny and insider selling also remain concerns.

ABN Amro Investment Solutions increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 26.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,466,273 shares of the e-commerce giant's stock after buying an additional 303,750 shares during the period. Amazon.com accounts for about 4.0% of ABN Amro Investment Solutions' investment portfolio, making the stock its 4th biggest holding. ABN Amro Investment Solutions' holdings in Amazon.com were worth $305,381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gryphon Financial Partners LLC increased its stake in Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after purchasing an additional 5,125 shares in the last quarter. Narwhal Capital Management lifted its stake in Amazon.com by 2.3% in the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock valued at $49,997,000 after buying an additional 4,854 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Amazon.com by 21.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant's stock valued at $5,690,463,000 after buying an additional 4,275,942 shares during the period. Weaver Capital Management LLC boosted its holdings in shares of Amazon.com by 13.6% in the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock valued at $9,063,000 after buying an additional 4,713 shares during the period. Finally, Ethos Financial Group LLC increased its position in shares of Amazon.com by 9.6% during the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock worth $8,421,000 after acquiring an additional 3,196 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Key Amazon.com News

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

• Positive Sentiment: AWS growth is strengthening the AI investment case. Second-quarter revenue rose 19.6% to $200.6 billion, while AWS revenue increased 37% and operating income rose sharply. Investors are increasingly confident that Amazon’s infrastructure spending is translating into cloud demand, margins and future revenue visibility. Amazon AWS growth article
• Positive Sentiment: Analysts remain constructive. Multiple firms have raised price targets, with reported targets generally above the current share price. A large AWS backlog and accelerating AI-related demand are supporting the bullish outlook. Amazon analyst targets and AWS backlog
• Positive Sentiment: AI monetization is broadening. Amazon’s investment in Anthropic and its OpenAI partnership could increase demand for AWS chips and infrastructure. Personalized recommendations and AI features in Prime Video may also improve engagement and create additional monetization opportunities. Amazon Prime Video AI article
• Neutral Sentiment: Recent momentum may be vulnerable to profit-taking. Short covering and strong post-earnings buying helped drive the recent rally, but some analysts have downgraded Amazon to more moderate recommendations as valuation and expectations rise. Amazon rating downgrade
• Negative Sentiment: Bezos’ planned sale is the main near-term overhang. The proposed disposal, valued at roughly $4 billion to $4.7 billion, increases potential supply and has been interpreted as a sentiment “buzzkill” immediately after the stock’s record high. Jeff Bezos Amazon share sale
• Negative Sentiment: Risks from spending and regulation remain. Amazon faces very large AI capital commitments, negative free cash flow and future data-center lease obligations. New Jersey also sued over alleged delivery-network wage suppression, while a court allowed Perplexity’s AI shopping tools to continue operating on Amazon’s platform, potentially increasing competitive and security concerns. Big Tech AI data-center lease obligations

Amazon.com Trading Down 2.3%

Shares of Amazon.com stock opened at $277.42 on Wednesday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The stock has a market cap of $2.99 trillion, a P/E ratio of 22.32, a P/E/G ratio of 1.81 and a beta of 1.45. 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 business's 50 day moving average is $246.29 and its 200-day moving average is $236.73.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The business 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 firm's revenue was up 19.6% on a year-over-year basis. During the same period last year, the business earned $1.68 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 8.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Benchmark raised their price objective on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, July 31st. TD Securities raised shares of Amazon.com to a "buy" rating in a research note on Monday, April 13th. DZ Bank increased their target price on Amazon.com from $295.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Susquehanna reissued a "positive" rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, Pivotal Research restated a "buy" rating and issued a $333.00 price target (up from $320.00) on shares of Amazon.com in a report on Friday. Fifty-six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average price target of $322.56.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 2,205,766 shares of the company's stock, valued at $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total value of $239,770.00. Following the completion of the sale, the chief executive officer owned 484,527 shares in the company, valued at $116,175,038.79. This represents a 0.21% 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 76,867 shares of company stock worth $20,253,702 in the last three months. Insiders own 8.90% of the company's stock.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source