Amazon.com, Inc. $AMZN is Gradient Investments LLC's 5th Largest Position

Key Points

• Gradient Investments reduced its Amazon stake by 3.2% in the second quarter, but Amazon remains the fund’s fifth-largest holding at 597,018 shares valued at approximately $142.3 million, or 2% of its portfolio.
• Amazon reported strong quarterly results, with EPS of $5.75 versus the $1.82 consensus and revenue of $200.61 billion, up 19.6% year over year. Institutional investors own 72.2% of the stock.
• Analysts remain broadly bullish, assigning Amazon a consensus “Moderate Buy” rating and an average price target of about $322.39, while recent targets range as high as $360.

Gradient Investments LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 597,018 shares of the e-commerce giant's stock after selling 19,671 shares during the quarter. Amazon.com makes up 2.0% of Gradient Investments LLC's portfolio, making the stock its 5th biggest holding. Gradient Investments LLC's holdings in Amazon.com were worth $142,293,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Gryphon Financial Partners LLC grew its stake in Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after buying an additional 5,125 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock worth $63,285,000 after buying an additional 5,104 shares in the last quarter. Narwhal Capital Management raised its holdings in Amazon.com by 2.3% during the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock worth $49,997,000 after purchasing an additional 4,854 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Amazon.com by 21.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant's stock worth $5,690,463,000 after buying an additional 4,275,942 shares in the last quarter. Finally, Weaver Capital Management LLC lifted its holdings in Amazon.com by 13.6% in the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock valued at $9,063,000 after acquiring an additional 4,713 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,741 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $262.76, for a total value of $982,985.16. Following the transaction, the chief executive officer owned 467,138 shares in the company, valued at approximately $122,745,180.88. This represents a 0.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 6,741 shares of company stock valued at $1,767,335. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Trading Down 2.2%

NASDAQ:AMZN opened at $259.92 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock's 50-day moving average is $249.46 and its two-hundred day moving average is $239.21. The stock has a market cap of $2.80 trillion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results 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. The company had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm's quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. As a group, equities research analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Roth Capital reiterated a "buy" rating and set a $325.00 price objective on shares of Amazon.com in a research report on Monday, August 3rd. BNP Paribas Exane increased their price target on Amazon.com from $320.00 to $345.00 and gave the company an "outperform" rating in a research report on Tuesday, May 5th. KeyCorp lifted their price target on Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Maxim Group upped their price objective on shares of Amazon.com from $290.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $360.00 target price (up from $355.00) on shares of Amazon.com in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $322.39.

More Amazon.com News

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

• Positive Sentiment: AI and AWS positioning: An analyst said the market is not giving Amazon enough credit for its AI strategy. AWS reportedly grew 37% year over year to $42.2 billion, while its AI business surpassed a $25 billion annualized revenue run rate. AWS backlog also reportedly reached $496 billion, supporting expectations for continued cloud growth. Amazon not getting enough credit for AI positioning
• Positive Sentiment: Prime Video expansion: Amazon committed $2 billion through 2030 to expand Prime Video’s original content, sports rights and third-party streaming offerings across Latin America. The investment could strengthen international engagement and broaden long-term advertising and subscription opportunities. Amazon commits $2 billion to expand Prime Video across Latin America
• Positive Sentiment: Investor and analyst support: David Tepper and Stanley Druckenmiller increased their Amazon positions during the second quarter. Rosenblatt initiated coverage with a Buy rating and a $335 price target, while the broader analyst consensus remains “Moderate Buy” with an average target of $322.56. Cathie Wood and Stanley Druckenmiller Agree On Amazon
• Neutral Sentiment: Drone delivery rollout: Prime Air is planned for nearly 500 U.S. cities by year-end, with deliveries potentially arriving within 30 minutes. The expansion could improve fulfillment differentiation, but regulatory, noise, privacy and execution challenges may limit the financial payoff. Amazon to expand drone service to nearly 500 cities
• Negative Sentiment: AI earnings-quality concerns: Investors are scrutinizing a reported $53.4 billion benefit tied to Anthropic’s higher valuation, worrying that paper gains may obscure underlying cash generation. Amazon’s large AI capital requirements could also pressure returns if demand fails to justify the spending. Amazon Falls as AI Gain Faces Scrutiny
• Negative Sentiment: Delivery-provider change: UPS is phasing out most last-mile delivery services for Amazon, potentially requiring Amazon to shift more volume to its own logistics network or other carriers. That could increase near-term fulfillment costs and operational complexity. UPS Is Walking Away From Amazon

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.

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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