Amazon.com, Inc. $AMZN Shares Acquired by Baird Financial Group Inc.

Key Points

• Baird Financial Group increased its Amazon stake by 4.5% in the second quarter, bringing its holdings to 5.71 million shares valued at approximately $1.36 billion. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Amazon reported quarterly revenue of $200.61 billion and earnings of $5.75 per share, exceeding analyst expectations, with revenue up 19.6% year over year.
• Wall Street remains broadly bullish, with 56 analysts rating Amazon a Buy and an average price target of $322.86, although investors are monitoring the risk that heavy AI infrastructure spending could pressure free cash flow.

Baird Financial Group Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,708,507 shares of the e-commerce giant's stock after purchasing an additional 246,613 shares during the quarter. Amazon.com comprises about 1.9% of Baird Financial Group Inc.'s investment portfolio, making the stock its 10th largest holding. Baird Financial Group Inc. owned about 0.05% of Amazon.com worth $1,360,566,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Auto Owners Insurance Co raised its position in shares of Amazon.com by 27,376.7% in the 4th 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 valued at approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new position in Amazon.com during the second quarter valued at approximately $16,341,405,000. Amundi increased its stake in Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock valued at $15,211,393,000 after purchasing an additional 2,421,739 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Amazon.com by 3.3% in the fourth 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. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN opened at $259.92 on Thursday. The stock has a market capitalization of $2.80 trillion, a P/E ratio of 20.91, a P/E/G ratio of 1.98 and a beta of 1.45. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a 50 day moving average of $258.64 and a 200-day moving average of $249.45. 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 (NASDAQ:AMZN - Get Free Report) last announced 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. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. As a group, equities research analysts forecast that Amazon.com, Inc. will post 8.03 EPS for the current fiscal year.

Amazon.com News Summary

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

• Positive Sentiment: Analysts see AWS and Amazon’s AI services as major growth drivers. AWS sales reportedly rose 37% to $42.2 billion, while Amazon’s AI business surpassed a $25 billion annual revenue run rate. Analysts also view AI agents as potentially increasing commerce activity rather than undermining Amazon’s model. Amazon AI Boom
• Positive Sentiment: The FCC is preparing to vote on auctioning prime spectrum for satellite-to-smartphone services, a move that could benefit Amazon’s satellite ambitions and expand future connectivity opportunities. FCC Spectrum Auction
• Positive Sentiment: Prime Big Deal Days provides a near-term test of consumer demand and a potential boost to fourth-quarter retail sales. Amazon is also expanding Prime Video’s reach through a six-year global deal to stream the Emmy Awards free to viewers, supporting advertising and audience growth. Amazon Emmy Streaming Deal
• Positive Sentiment: ARK Invest reportedly purchased approximately $31 million of Amazon shares, adding a supportive institutional-investor signal. ARK Invest Buys Amazon
• Neutral Sentiment: A proposed structure involving roughly $8 billion of Nvidia chips could help Amazon finance AI infrastructure and preserve capital flexibility, but it also underscores the substantial cost and financing burden of the AWS expansion. Amazon Nvidia Chip Financing
• Negative Sentiment: Investors remain concerned that aggressive AI capital spending could pressure free cash flow before new data centers generate sufficient returns. Rising interest rates, power constraints and possible delays in infrastructure deployment add to the risk. Amazon Data Center Spending Risks
• Negative Sentiment: Prime Big Deal Days is occurring amid weak consumer confidence, creating uncertainty over the strength and profitability of promotional sales. Public attention to Amazon’s highly detailed customer profiles could also create privacy-related reputational risk. Amazon Customer Profiles

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. 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 value of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a research report on Thursday, June 18th. Cantor Fitzgerald restated an "overweight" rating on shares of Amazon.com in a research report on Monday. Benchmark raised their price objective on Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Royal Bank Of Canada lifted their target price on Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Telsey Advisory Group set a $335.00 target price on Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $322.86.

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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