Amazon.com, Inc. $AMZN Position Lessened by Quantitative Investment Management LLC

Key Points

• Quantitative Investment Management LLC cut its Amazon stake by 81.6% in the second quarter, selling 33,264 shares and retaining 7,494 shares valued at approximately $1.8 million.
• Despite the reduction, other institutional investors increased positions, and hedge funds and institutions collectively own 72.2% of Amazon’s stock.
• Amazon reported quarterly earnings and revenue above analyst expectations, while Wall Street maintained a Moderate Buy consensus with an average price target of $321.19; shares were trading down 1.4% at $246.15.

Quantitative Investment Management LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 81.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,494 shares of the e-commerce giant's stock after selling 33,264 shares during the period. Quantitative Investment Management LLC's holdings in Amazon.com were worth $1,786,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at $596,000. Benjamin Edwards Inc. grew its stake in Amazon.com by 5.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 318,490 shares of the e-commerce giant's stock worth $75,909,000 after buying an additional 16,079 shares during the last quarter. GTS Securities LLC grew its stake in Amazon.com by 69.6% during the 2nd quarter. GTS Securities LLC now owns 307,627 shares of the e-commerce giant's stock worth $73,320,000 after buying an additional 126,255 shares during the last quarter. Jasper Ridge Partners L.P. increased its position in Amazon.com by 47.2% during the 2nd quarter. Jasper Ridge Partners L.P. now owns 72,068 shares of the e-commerce giant's stock valued at $17,177,000 after buying an additional 23,120 shares in the last quarter. Finally, Private Harbour Investment Management & Counsel LLC increased its position in Amazon.com by 0.4% during the 2nd quarter. Private Harbour Investment Management & Counsel LLC now owns 13,175 shares of the e-commerce giant's stock valued at $3,140,000 after buying an additional 53 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Adobe expects U.S. consumers to spend approximately $10 billion during Amazon’s October Prime Day, contributing to a projected record $275 billion U.S. holiday shopping season. Higher online spending could support fourth-quarter sales, although aggressive retailer promotions may pressure margins. Amazon Has a $10 Billion Holiday Catalyst Coming in October
• Positive Sentiment: Analysts and investors continue to point to accelerating AWS growth, a large contracted backlog and rising AI-related cloud demand. Commentary that Amazon’s AI capital expenditures are beginning to generate returns supports the long-term bull case for AWS. I'd Buy Amazon Stock While It Sits 12% Below Its Record
• Positive Sentiment: Amazon is expanding its strategic footprint through robotics in India, low-carbon data-center infrastructure and its Leo satellite network. These initiatives could strengthen logistics, cloud infrastructure and future connectivity businesses, though they require substantial investment.
• Neutral Sentiment: Amazon’s comparison with Alibaba highlights that both companies are making major AI and cloud investments. The key differentiator for investors is whether AWS growth and profitability can justify Amazon’s spending pace.
• Negative Sentiment: Cheaper Anthropic Claude models are raising questions about AWS Bedrock pricing. Lower prices could reduce revenue per AI call, even if they stimulate greater usage and overall cloud consumption. Amazon Stock Falls as Cheaper Claude Tests Bedrock Elasticity
• Negative Sentiment: Senate Democrats are seeking information from Amazon and other technology companies about tax subsidies for AI and data-center development, creating potential regulatory and political uncertainty around future incentives. Sen. Warren Questions AI Tax Subsidies
• Negative Sentiment: A U.K. consumer lawsuit alleging that Apple and Amazon restricted competition in Apple-product sales was allowed to proceed in part, adding to Amazon’s legal and antitrust exposure. Apple and Amazon Face Revived UK Consumer Lawsuit

Amazon.com Trading Down 1.4%

Shares of Amazon.com stock opened at $246.15 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The firm has a fifty day moving average price of $256.31 and a 200 day moving average price of $247.42. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The stock has a market cap of $2.66 trillion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $1.82 by $3.93. The company 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 18.00%. The firm's revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.68 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 8.01 earnings per share for the current year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 2,343 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 value of $606,860.43. Following the sale, the vice president owned 119,780 shares in the company, valued at approximately $31,024,217.80. This represents a 1.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock valued at $18,568,785 over the last 90 days. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AMZN shares. Robert W. Baird set a $310.00 price target on Amazon.com and gave the stock an "outperform" rating in a report on Friday, July 31st. Bank of America increased their price objective on shares of Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Citizens Jmp reissued a "market outperform" rating and set a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. KeyCorp raised their price target on shares of Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Barclays reiterated an "overweight" rating and set a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.19.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

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.