Amazon.com, Inc. $AMZN is Bartlett & CO. Wealth Management LLC's 8th Largest Position

Key Points

• Bartlett & CO. Wealth Management increased its Amazon stake by 1.1% to 929,880 shares, worth approximately $193.7 million and representing 2.6% of its portfolio—the firm’s eighth-largest position.
• Amazon reported a strong quarter, with revenue up 19.6% to $200.6 billion and EPS of $5.75 versus the $1.82 consensus. AWS revenue accelerated 37% to $42.2 billion, while advertising revenue rose 26%.
• Analysts maintain a broadly positive outlook, with 56 Buy ratings and a $322.12 consensus price target, although Amazon’s higher $220 billion capital-spending outlook and third-quarter revenue guidance below estimates could pressure free cash flow and near-term sentiment.

Bartlett & CO. Wealth Management LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 929,880 shares of the e-commerce giant's stock after buying an additional 10,491 shares during the period. Amazon.com comprises approximately 2.6% of Bartlett & CO. Wealth Management LLC's portfolio, making the stock its 8th biggest position. Bartlett & CO. Wealth Management LLC's holdings in Amazon.com were worth $193,666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Red Crane Wealth Management LLC increased its stake in Amazon.com by 2.3% in 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 buying an additional 38 shares during the period. Robinson Smith Wealth Advisors LLC grew its holdings in shares of Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock valued at $1,147,000 after acquiring an additional 40 shares in the last quarter. Sfam LLC increased its stake 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 acquiring an additional 40 shares during the last quarter. Financial Connections Group Inc. raised its holdings in shares of Amazon.com by 2.6% during the fourth quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock worth $376,000 after acquiring an additional 42 shares in the last quarter. Finally, Marquette Asset Management LLC raised its holdings in shares of Amazon.com by 5.1% during the fourth quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock worth $205,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 9,270 shares of the firm's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the transaction, the chief executive officer directly owned 2,205,766 shares of the company's stock, valued at $581,042,879.72. This represents a 0.90% 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 three months, insiders sold 135,719 shares of company stock valued at $36,438,002. 8.90% of the stock is owned by corporate insiders.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon reported record quarterly sales of $200.6 billion, up nearly 20% year over year, while earnings per share of $5.75 significantly exceeded the $1.82 consensus estimate. Operating income rose 43% to $27.5 billion. Amazon second-quarter results
• Positive Sentiment: AWS revenue accelerated 37% to $42.2 billion—its fastest growth in 18 quarters—beating expectations as enterprise AI demand strengthened. The result helped ease concerns that Amazon’s massive AI infrastructure investments would not produce adequate returns. Amazon AWS growth
• Positive Sentiment: Advertising revenue climbed 26% to approximately $19.8 billion, while stronger e-commerce activity and robotics-supported fulfillment added to the broad-based quarterly beat.
• Positive Sentiment: Multiple firms raised their price targets following the results, including JPMorgan to $365, Benchmark to $400, Truist to $350, and RBC to $330. Analysts cited accelerating AWS growth, AI monetization and margin potential. Amazon analyst price targets
• Positive Sentiment: Amazon completed the remaining $35 billion of its planned OpenAI investment, bringing its total commitment to $50 billion. The partnership could support future AWS demand, although it also increases capital commitments. Amazon OpenAI investment
• Neutral Sentiment: Amazon raised its 2026 capital-spending outlook to $220 billion to expand AI and cloud capacity. Management sees demand extending into 2028, but the scale of spending will keep free cash flow and funding requirements under scrutiny.
• Neutral Sentiment: The company expects third-quarter revenue of $197 billion to $202 billion, below the roughly $204.6 billion analyst consensus, creating a potential near-term headwind despite the strong quarter.
• Negative Sentiment: Amazon faces consumer lawsuits alleging misleading seafood sustainability claims and the sale of protein powder allegedly contaminated with heavy metals. The cases could create legal, reputational and compliance costs, though their financial impact is currently unclear. Amazon consumer lawsuit

Analysts Set New Price Targets

AMZN has been the topic of a number of recent research reports. Maxim Group boosted their target price on Amazon.com from $290.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. lifted their price target on Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a report on Friday. Cantor Fitzgerald reissued an "overweight" rating and issued a $320.00 price target (down from $330.00) on shares of Amazon.com in a research note on Friday. Needham & Company LLC restated a "buy" rating and issued a $300.00 price objective on shares of Amazon.com in a report on Friday. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $375.00 target price (up from $335.00) on shares of Amazon.com in a research note on Friday. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $322.12.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $271.58 on Friday. The firm has a fifty day simple moving average of $245.70 and a 200-day simple moving average of $236.22. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The stock has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.75 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 19.59%. Amazon.com's revenue was up 19.6% compared to the same quarter last year. During the same period last year, the business posted $1.68 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 7.84 earnings per share for the current year.

Amazon.com Company 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.

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