Amazon.com, Inc. $AMZN Holdings Raised by State of Alaska Department of Revenue

Key Points

• Alaska’s Department of Revenue increased its Amazon stake by 0.8% in the third quarter to 1.14 million shares valued at approximately $276.2 million. Institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Analysts remain broadly bullish, with 57 Buy ratings, three Holds, and a consensus price target of $322.53. Investors are focused on accelerating AWS and AI infrastructure growth, advertising, automation, and the company’s upcoming quarterly report.
• Amazon shares opened at $248, down 1%, while recent earnings exceeded expectations with $5.75 in EPS and $200.61 billion in revenue. However, heavy AI investment is weighing on free cash flow, and insiders have sold 71,589 shares worth about $18.6 million over the past 90 days.

State of Alaska Department of Revenue lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,138,963 shares of the e-commerce giant's stock after buying an additional 8,608 shares during the quarter. Amazon.com makes up about 2.6% of State of Alaska Department of Revenue's investment portfolio, making the stock its 6th largest position. State of Alaska Department of Revenue's holdings in Amazon.com were worth $276,229,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Red Crane Wealth Management LLC boosted its holdings in shares of Amazon.com by 2.3% during the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock valued at $346,000 after purchasing an additional 38 shares during the last quarter. Stegent Equity Advisors Inc. increased its holdings in shares of Amazon.com by 2.7% in the third quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant's stock worth $364,000 after purchasing an additional 39 shares during the last quarter. Robinson Smith Wealth Advisors LLC lifted its position in shares of Amazon.com by 0.7% in the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock worth $1,147,000 after buying an additional 40 shares in the last quarter. Sfam LLC lifted its position in shares of Amazon.com by 3.4% in the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant's stock worth $255,000 after buying an additional 40 shares in the last quarter. Finally, Measured Risk Portfolios Inc. lifted its position in shares of Amazon.com by 3.4% in the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant's stock worth $251,000 after buying an additional 40 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon's $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew Jassy sold 20,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, 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 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. Over the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on AMZN. Monness Crespi & Hardt increased their price target on Amazon.com from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Benchmark upped their price objective on Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Susquehanna reiterated a "positive" rating on shares of Amazon.com in a research report on Tuesday, October 6th. TD Cowen reissued a "buy" rating and issued a $350.00 target price on shares of Amazon.com in a report on Monday, October 5th. Finally, Robert W. Baird set a $310.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $322.53.

Amazon.com Stock Down 1.0%

NASDAQ AMZN opened at $248.00 on Friday. 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, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The firm has a market capitalization of $2.68 trillion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.06 and a beta of 1.45. The company has a fifty day moving average of $255.56 and a two-hundred day moving average of $253.29.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.68 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 7.55 earnings per share for the current year.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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