Amazon.com, Inc. $AMZN Holdings Raised by Empirical Capital Management LLC

Key Points

• Empirical Capital Management increased its Amazon position by 69.8% in the second quarter, adding 50,000 shares to hold 121,600 shares worth approximately $29 million. Amazon now represents 7.9% of the firm’s portfolio, while institutional investors collectively own 72.2% of the stock.
• Amazon reported stronger-than-expected quarterly results, with earnings of $5.75 per share and revenue of $200.61 billion, up 19.6% year over year. The stock was trading near $256, compared with a 52-week range of $196 to $287.20.
• Analyst sentiment remains broadly positive, but insider selling was notable. Amazon has a “Moderate Buy” consensus rating and an average price target of $322.39, while insiders sold 71,589 shares worth about $18.6 million over the past three months under pre-arranged trading plans.

Empirical Capital Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 69.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 121,600 shares of the e-commerce giant's stock after purchasing an additional 50,000 shares during the quarter. Amazon.com makes up 7.9% of Empirical Capital Management LLC's portfolio, making the stock its 5th biggest holding. Empirical Capital Management LLC's holdings in Amazon.com were worth $28,982,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Hansen & Associates Financial Group Inc. increased its position in shares of Amazon.com by 9.9% in the second quarter. Hansen & Associates Financial Group Inc. now owns 8,520 shares of the e-commerce giant's stock valued at $2,080,000 after buying an additional 767 shares in the last quarter. GFG Capital LLC boosted its position in shares of Amazon.com by 1.0% in the 2nd quarter. GFG Capital LLC now owns 40,993 shares of the e-commerce giant's stock worth $9,770,000 after buying an additional 408 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in Amazon.com by 6.7% in the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 28,576 shares of the e-commerce giant's stock valued at $6,811,000 after acquiring an additional 1,793 shares during the last quarter. Palisade Asset Management LLC grew its stake in Amazon.com by 1.0% in the 2nd quarter. Palisade Asset Management LLC now owns 7,006 shares of the e-commerce giant's stock valued at $1,670,000 after acquiring an additional 67 shares during the last quarter. Finally, PCB Capital LLC increased its holdings in Amazon.com by 2.3% during the 2nd quarter. PCB Capital LLC now owns 8,018 shares of the e-commerce giant's stock valued at $1,911,000 after acquiring an additional 180 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity

In other news, CEO Andrew R. 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 completion of the transaction, the chief executive officer owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. This represents a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% 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 a total of 71,589 shares of company stock valued at $18,580,205 in the last three months. Company insiders own 8.90% of the company's stock.

Amazon.com Stock Down 1.5%

AMZN stock opened at $256.26 on Friday. The company has a 50 day moving average price of $251.18 and a two-hundred day moving average price of $240.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock has a market capitalization of $2.76 trillion, a P/E ratio of 20.62, a PEG ratio of 1.73 and a beta of 1.45. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The business's revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, sell-side analysts expect that Amazon.com, Inc. will post 8.05 EPS for the current year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS is expanding its AI infrastructure. Amazon and Nvidia announced an expanded collaboration under which AWS plans to deploy an additional 2 million Nvidia GPUs by 2028, bringing the reported total commitment to roughly 3 million chips. The investment supports expected demand for AI cloud capacity and could strengthen AWS’s competitive position. Amazon Nvidia GPU deal
• Positive Sentiment: Analysts continue to see significant upside. Evercore ISI reiterated a Buy rating, citing improving retail economics and new AI growth opportunities. Citizens maintained an outperform rating and a $315 price target, while other coverage has highlighted AWS momentum, Amazon’s logistics network and a valuation that could support a higher earnings multiple. Evercore Amazon rating
• Positive Sentiment: Amazon is adding potential sales channels. YouTube now allows eligible U.S. creators to tag Amazon products in Shorts, videos and livestreams while earning commissions, potentially increasing product discovery and conversion. Amazon is also benefiting from the continued expansion of onsite advertising. YouTube Amazon product tagging
• Neutral Sentiment: AWS’s DuckLabs acquisition could improve analytics capabilities. AWS is acquiring the team behind the open-source DuckDB database, a move aimed at strengthening cloud data and analytics offerings. Financial terms were not disclosed, so the near-term earnings impact is uncertain. Amazon DuckLabs acquisition
• Negative Sentiment: Capital spending is weighing on free cash flow. Reports indicate that AWS growth is being accompanied by substantial infrastructure purchases, with trailing free cash flow reportedly declining despite higher operating cash flow. Investors may be concerned that planned AI investments will take time to produce sufficient returns.
• Negative Sentiment: Insider selling adds to investor caution. Six executives reportedly sold more than $15 million of Amazon shares, including a vice president’s sale of approximately $607,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their significance but may still affect sentiment. Amazon recent news

Analyst Upgrades and Downgrades

Several analysts have issued reports on AMZN shares. Phillip Securities downgraded shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, August 3rd. Rosenblatt Securities assumed coverage on Amazon.com in a research report on Thursday, August 20th. They set a "buy" rating and a $335.00 price objective for the company. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $328.00 target price (up from $322.00) on shares of Amazon.com in a research note on Friday, July 31st. Royal Bank Of Canada increased their target price on Amazon.com from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Truist Financial raised their price target on Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One investment 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $322.39.

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.

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