AlpenGlobal Capital LLC Invests $12.42 Million in Amazon.com, Inc. $AMZN

Key Points

• AlpenGlobal Capital initiated a $12.42 million Amazon stake, purchasing 52,119 shares; the position represents roughly 8% of the fund’s portfolio and is its third-largest holding.
• Institutional ownership remains high at 72.2%, with major investors including Invesco, Amundi, Dimensional Fund Advisors and Fisher Asset Management increasing their positions.
• Amazon reported strong quarterly results, with revenue up 19.6% year over year to $200.61 billion and earnings significantly above estimates. Analysts maintain a broadly bullish view, with 56 Buy ratings and a consensus price target of $321.19.

AlpenGlobal Capital LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 52,119 shares of the e-commerce giant's stock, valued at approximately $12,422,000. Amazon.com makes up about 8.0% of AlpenGlobal Capital LLC's holdings, making the stock its 3rd largest position.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp purchased a new position in Amazon.com during the second quarter valued at approximately $16,341,405,000. Invesco Ltd. increased its stake in shares of Amazon.com by 3.3% in the fourth quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock worth $13,757,993,000 after purchasing an additional 1,879,630 shares in the last quarter. Amundi increased its stake in shares of Amazon.com by 14.1% in the first quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock worth $12,787,883,000 after purchasing an additional 7,590,952 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Amazon.com by 23.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 39,029,984 shares of the e-commerce giant's stock valued at $8,126,338,000 after purchasing an additional 7,305,560 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of Amazon.com by 1.5% during the 4th quarter. Fisher Asset Management LLC now owns 33,593,612 shares of the e-commerce giant's stock valued at $7,754,078,000 after purchasing an additional 489,924 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon agreed to purchase backup generators from Generac, with initial deliveries valued at approximately $2.4 billion in 2027 and 2028 and potential total payments of up to $8 billion through 2033. Amazon also received warrants to buy up to about 1.69 million Generac shares. The agreement underscores the scale of Amazon Web Services’ data-center expansion and its efforts to bypass strained power grids. Generac, Amazon strike $2.4 billion long-term generator supply deal
• Positive Sentiment: Amazon reportedly plans to expand same-day delivery hubs from 85 to more than 1,000 by 2031, potentially placing facilities within 10 miles of about 80% of U.S. Prime members. The investment could help narrow Walmart’s proximity advantage and support faster, higher-frequency purchases. Amazon's next move could reshape how America shops
• Positive Sentiment: Management indicated AWS has reached a $169 billion annualized revenue run rate, highlighting continued demand for AI and traditional cloud services. Recent quarterly revenue also grew nearly 20% year over year, reinforcing the growth thesis. Amazon's Andy Jassy Just Made a Startling Prediction
• Neutral Sentiment: Amazon-owned Zoox is poised to expand its Las Vegas robotaxi fleet after Nevada’s 100-vehicle regulatory cap expires, creating a longer-term transportation opportunity but also exposing the business to intensifying competition and regulatory execution risk. Amazon-owned Zoox's 100-robotaxi limit in Nevada is about to disappear
• Neutral Sentiment: Amazon joined calls for stronger AI safety testing and industry-government standards. The stance may reduce regulatory risk, although it could increase compliance requirements over time. Amazon Urges Industry and Government Partnership on AI Safeguards
• Negative Sentiment: A fatal Amazon cargo-plane crash in Miami has placed the company’s air-cargo network and logistics oversight under scrutiny, raising potential operational, legal and reputational risks. A Deadly Amazon Cargo Plane Crash in Miami Puts its Air Network Under Scrutiny
• Negative Sentiment: Two senators asked the FTC to investigate whether Amazon’s Alexa for Shopping suppresses U.S.-made products or fails to flag misleading “Made in USA” claims, adding regulatory and compliance uncertainty. Amazon, Walmart chatbots attract senator ire over made in USA label snags
• Negative Sentiment: Amazon’s $1-per-hour wage increase and new benefits improve labor competitiveness but raise operating costs. Separately, surging AI capital expenditures are weighing on free cash flow and increasing reliance on debt financing. Amazon raises minimum hourly pay by $1 to $20 for US operations workers

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMZN shares. JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Benchmark raised their price target on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Evercore set a $355.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Friday, August 28th. Royal Bank Of Canada boosted their price objective on Amazon.com from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, Barclays reaffirmed an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $321.19.

Amazon.com Stock Performance

Amazon.com stock opened at $251.19 on Friday. The company has a market cap of $2.71 trillion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.44. The company's 50-day moving average price is $255.93 and its 200-day moving average price is $245.54. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter in the previous year, the business posted $1.68 earnings per share. The business's revenue was up 19.6% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Insider Activity

In related news, CEO Andrew Jassy sold 20,000 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer owned 476,681 shares of the company's stock, valued at $123,465,145.81. This trade represents a 1.32% decrease in their position. 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 worth $18,568,785 in the last 90 days. Company insiders own 8.90% of the company's stock.

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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