Amazon.com, Inc. $AMZN is GCQ FUNDS MANAGEMENT PTY Ltd's 2nd Largest Position

Key Points

• GCQ FUNDS MANAGEMENT PTY Ltd trimmed its Amazon stake by 7.4% in Q3 to 517,251 shares, leaving AMZN as its 2nd largest holding at 17.2% worth about $113.57 million.
• Positive catalysts include Amazon's rollout of a Health AI assistant, OpenAI's move to AWS Tranium chips, and massive demand for the planned jumbo bond sale, all supporting AWS compute revenue and funding AI/data‑center capex.
• Key risks: AI‑related site outages, drone attacks damaging AWS data centers, and the $37–$42B bond issuance (amid a ~$200B AI capex program) increase leverage and could pressure near‑term free cash flow and investor confidence.

GCQ FUNDS MANAGEMENT PTY Ltd trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 517,251 shares of the e-commerce giant's stock after selling 41,543 shares during the period. Amazon.com comprises 17.2% of GCQ FUNDS MANAGEMENT PTY Ltd's holdings, making the stock its 2nd biggest holding. GCQ FUNDS MANAGEMENT PTY Ltd's holdings in Amazon.com were worth $113,573,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. American Capital Advisory LLC grew its holdings in shares of Amazon.com by 63.9% in the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock worth $1,774,000 after purchasing an additional 3,152 shares during the last quarter. ARK Investment Management LLC lifted its holdings in Amazon.com by 8.3% during the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant's stock valued at $250,213,000 after buying an additional 86,978 shares in the last quarter. Buckhead Capital Management LLC boosted its position in Amazon.com by 16.1% in the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant's stock valued at $6,232,000 after buying an additional 3,948 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Amazon.com in the 3rd quarter valued at about $451,642,000. Finally, Alpha Wealth Funds LLC grew its stake in Amazon.com by 172.8% in the 2nd quarter. Alpha Wealth Funds LLC now owns 3,012 shares of the e-commerce giant's stock worth $667,000 after acquiring an additional 1,908 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon expanded its Health AI assistant onto Amazon.com and the Amazon mobile app, broadening consumer-facing use cases that can drive engagement, health‑service revenue and stickier platform usage. Amazon launches healthcare AI assistant on its website, app
• Positive Sentiment: OpenAI will begin using AWS Tranium chips, signaling incremental and durable compute demand for AWS as large AI model customers diversify infrastructure — a structural positive for AWS revenue and margins. OpenAI Gave Amazing News to Amazon Shareholders
• Positive Sentiment: Investor demand for Amazon’s planned jumbo bond sale has been enormous (reports of ~$126B in orders), making it easier and cheaper for Amazon to fund its AI/data‑center capex program. Strong bond takeup is a near‑term vote of confidence from fixed‑income investors. Demand for Amazon’s Bond Sale Is Off the Charts
• Positive Sentiment: Legal win: a federal judge granted a preliminary injunction blocking Perplexity’s shopping agent from purchasing on Amazon — protects conversion/revenue and reduces third‑party bot risk to consumer checkout. Amazon wins court order to block Perplexity's AI shopping agent
• Neutral Sentiment: Zoox (Amazon’s robotaxi unit) is expanding tests to Phoenix and Dallas and launching an Arizona command hub — a long‑horizon growth story for logistics/transport but not an immediate revenue driver for AMZN. Amazon's Zoox to launch command hub in Arizona, expand testing to Dallas and Phoenix
• Neutral Sentiment: AWS is shifting defense workloads off Anthropic tech while retaining Claude for other customers — shows AWS is managing model partnerships and customer migrations pragmatically (operationally important but not a clear earnings swing). Amazon transitions defense workloads, keeps Claude for others
• Negative Sentiment: Amazon disclosed recent site outages linked in part to AI‑assisted code changes and has convened a “deep dive” engineering meeting — operational risks and the prospect of more outages can hit sales and investor confidence. Amazon plans 'deep dive' internal meeting to address AI-related outages
• Negative Sentiment: Geopolitical risk: drone attacks damaged AWS data centers in the Middle East — physical infrastructure and regional availability risk could pressure enterprise customers and raise mitigation costs. Iran’s attacks on Amazon data centers in UAE, Bahrain signal a new kind of war
• Negative Sentiment: Debt & capex tradeoff: the planned $37–$42B bond issuance (and ongoing ~$200B AI capex program) funds growth but increases leverage and raises scrutiny about near‑term free cash flow and potential balance‑sheet pressure. That dynamic is a key watch item for valuation and margin assumptions. Amazon targeting $37 billion to $42 billion in bond sale

Amazon.com Stock Performance

Shares of AMZN stock opened at $214.33 on Wednesday. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 29.89, a PEG ratio of 1.60 and a beta of 1.40. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The company's 50 day moving average is $224.09 and its 200 day moving average is $227.06.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to analysts' expectations of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the transaction, the chief executive officer owned 2,238,118 shares in the company, valued at $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew S. Garman sold 17,751 shares of the business's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares of the company's stock, valued at $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 71,686 shares of company stock worth $14,688,739. Company insiders own 10.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on AMZN. Wells Fargo & Company set a $304.00 target price on shares of Amazon.com and gave the stock an "overweight" rating in a research report on Monday, February 23rd. Rothschild & Co Redburn set a $230.00 price target on Amazon.com in a report on Wednesday, January 21st. BNP Paribas Exane assumed coverage on Amazon.com in a report on Monday, November 24th. They set an "outperform" rating on the stock. Desjardins lifted their target price on Amazon.com to $218.00 in a research report on Monday, December 8th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $175.00 target price (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $286.93.

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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