Addison Advisors LLC Invests $694,000 in Amazon.com, Inc. $AMZN

Key Points

• Addison Advisors LLC initiated a $694,000 position in Amazon during the second quarter by purchasing 2,913 shares. Institutional investors collectively own 72.2% of the company.
• 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.
• Wall Street remains broadly positive, with a “Moderate Buy” consensus and an average price target of $323.26, although AWS service disruptions, competitive pressures and recent insider selling present risks.

Addison Advisors LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,913 shares of the e-commerce giant's stock, valued at approximately $694,000. Amazon.com accounts for 0.3% of Addison Advisors LLC's holdings, making the stock its 27th largest holding.

Several other large investors have also bought and sold shares of AMZN. DeLarme Wealth Management Inc. purchased a new position in Amazon.com in the second quarter worth about $531,000. Mmbg Investment Advisors CO. bought a new position in shares of Amazon.com in the second quarter worth about $95,171,000. West Family Investments Inc. raised its stake in shares of Amazon.com by 6.6% in the second quarter. West Family Investments Inc. now owns 27,814 shares of the e-commerce giant's stock worth $6,629,000 after buying an additional 1,734 shares during the period. SSI Investment Management LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at about $1,993,000. Finally, Tacita Capital Inc purchased a new stake in Amazon.com in the 2nd quarter worth approximately $360,000. 72.20% of the stock is owned by 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?

Amazon.com Trading Down 2.0%

AMZN opened at $248.42 on Wednesday. The firm 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 12 month low of $196.00 and a 12 month high of $287.20. 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 50-day moving average of $255.80 and a 200 day moving average of $244.98.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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. 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 for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. Amazon.com's quarterly revenue was up 19.6% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current year.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,343 shares of the 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 sale, the vice president directly owned 119,780 shares of the company's stock, valued at $31,024,217.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their position. The SEC filing for this sale provides additional information. 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 over the last three months. 8.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $325.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Wolfe Research reiterated an "outperform" rating and set a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Monness Crespi & Hardt lifted their target price on Amazon.com from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, August 3rd. Finally, DA Davidson restated a "neutral" rating and issued a $250.00 price target on shares of Amazon.com in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $323.26.

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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