Amazon.com, Inc. $AMZN Position Reduced by SkyView Investment Advisors LLC

Key Points

• SkyView Investment Advisors cut its Amazon position by 58.4% in the second quarter, leaving it with 7,000 shares worth approximately $1.67 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon reported strong quarterly results, with EPS of $5.75 versus the $1.82 consensus estimate and revenue of $200.61 billion, up 19.6% year over year.
• Analyst sentiment remains favorable: Amazon has a “Moderate Buy” consensus rating from MarketBeat, with 56 Buy ratings and an average price target of $322.86 versus a recent share price of $262.43.

SkyView Investment Advisors LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 58.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,000 shares of the e-commerce giant's stock after selling 9,829 shares during the quarter. Amazon.com makes up 1.4% of SkyView Investment Advisors LLC's portfolio, making the stock its 20th biggest holding. SkyView Investment Advisors LLC's holdings in Amazon.com were worth $1,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMZN. Bank of America Corp DE bought a new stake in Amazon.com during the second quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp bought a new position in Amazon.com in the second quarter worth approximately $16,341,405,000. Amundi raised its position in Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares during the period. Invesco Ltd. boosted its stake in shares of Amazon.com by 3.3% during the 4th quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock worth $13,757,993,000 after acquiring an additional 1,879,630 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Amazon.com during the 2nd quarter valued at $12,831,376,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Up 3.3%

AMZN stock opened at $262.43 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 1-year low of $196.00 and a 1-year high of $287.20. The business has a 50 day simple moving average of $258.83 and a two-hundred day simple moving average of $249.88. The company has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.96 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Research analysts anticipate that Amazon.com, Inc. will post 8.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AMZN. Piper Sandler restated an "overweight" rating and issued a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Evercore set a $355.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Friday, August 28th. Mizuho set a $330.00 price target on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. DA Davidson reaffirmed a "neutral" rating and issued a $250.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $322.86.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction dated 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 directly owned 119,780 shares of the company's stock, valued at approximately $31,024,217.80. The trade was a 1.92% 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 Douglas J. Herrington sold 1,000 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $251.50, for a total value of $251,500.00. Following the completion of the sale, the chief executive officer owned 474,681 shares in the company, valued at $119,382,271.50. This represents a 0.21% 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. Over the last 90 days, insiders have sold 71,589 shares of company stock worth $18,580,515. 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: 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.

About Amazon.com

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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