Amazon.com, Inc. $AMZN Position Lifted by Talon Private Wealth LLC

Key Points

• Institutional ownership increased: Talon Private Wealth raised its Amazon stake by 20% to 18,859 shares, while institutional investors collectively own 72.2% of the company.
• Analysts remain bullish: Amazon has a “Moderate Buy” consensus rating from 59 analysts, with an average price target of $322.86; JPMorgan recently raised its target to $365.
• Strong quarterly results were tempered by insider selling: Amazon exceeded earnings and revenue estimates, reporting $5.75 in EPS and $200.61 billion in revenue, while insiders sold $18.6 million of stock over the past three months under pre-arranged trading plans.

Talon Private Wealth LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 20.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,859 shares of the e-commerce giant's stock after purchasing an additional 3,139 shares during the quarter. Talon Private Wealth LLC's holdings in Amazon.com were worth $4,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Auto Owners Insurance Co grew its position in Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after acquiring an additional 98,090,585 shares during the period. Bank of America Corp DE acquired a new position in Amazon.com during the second quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new position in shares of Amazon.com during the second quarter valued at $16,341,405,000. Amundi lifted its holdings in shares of Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock valued at $15,211,393,000 after acquiring an additional 2,421,739 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Amazon.com by 3.3% in the 4th quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock valued at $13,757,993,000 after purchasing an additional 1,879,630 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Amazon.com in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a research report on Thursday, June 18th. Telsey Advisory Group set a $335.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, August 3rd. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $322.86.

Insider Activity at Amazon.com

In other news, CEO Andrew Jassy sold 20,000 shares of the 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 sale, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their position. 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 $18,580,515 in the last three months. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $262.43 on Friday. The stock has a 50-day simple moving average of $258.83 and a 200 day simple moving average of $249.88. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.96 and a beta of 1.45. 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 12-month low of $196.00 and a 12-month high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The firm 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 company's revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. On average, research analysts anticipate that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Amazon.com 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.

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