Amazon.com, Inc. $AMZN Shares Acquired by NEOS Investment Management LLC

Key Points

• NEOS Investment Management increased its Amazon stake by 10.8% in the second quarter, purchasing 384,482 additional shares. The fund now owns 3.93 million shares valued at approximately $937.4 million, representing 3.5% of its portfolio.
• Wall Street remains broadly bullish, with 56 analysts rating Amazon a Buy and three rating it Hold. The stock has a “Moderate Buy” consensus rating and an average price target of $321.63.
• Amazon reported quarterly revenue of $200.61 billion, up 19.6% year over year, and EPS of $5.75 versus the $1.82 consensus estimate. Shares recently opened at $251.52, while insiders have sold $18.3 million worth of stock over the past 90 days.

NEOS Investment Management LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,933,172 shares of the e-commerce giant's stock after purchasing an additional 384,482 shares during the period. Amazon.com comprises approximately 3.5% of NEOS Investment Management LLC's portfolio, making the stock its 6th largest position. NEOS Investment Management LLC's holdings in Amazon.com were worth $937,432,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Red Crane Wealth Management LLC increased its holdings in shares of Amazon.com by 2.3% in the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock valued at $346,000 after acquiring an additional 38 shares during the period. Robinson Smith Wealth Advisors LLC increased its position in Amazon.com by 0.7% in the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock valued at $1,147,000 after acquiring an additional 40 shares during the period. Sfam LLC raised its stake in Amazon.com by 3.4% during the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant's stock valued at $255,000 after acquiring an additional 40 shares during the last quarter. Measured Risk Portfolios Inc. lifted its position in Amazon.com by 3.4% during the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant's stock worth $251,000 after acquiring an additional 40 shares during the period. Finally, CoreFirst Bank & Trust grew its stake in shares of Amazon.com by 1.1% in the 1st quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant's stock valued at $754,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AMZN shares. Bank of America lifted their target price on shares of Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a report on Friday, July 31st. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $338.00 price objective (up from $328.00) on shares of Amazon.com in a research note on Thursday, September 3rd. Rosenblatt Securities lifted their price objective on Amazon.com from $335.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday. KeyCorp boosted their target price on Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, Evercore set a $355.00 target price on Amazon.com and gave the company an "outperform" rating in a report on Friday, August 28th. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $321.63.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $251.52 on Friday. The company has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.92 and a beta of 1.45. 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 moving average of $257.06 and a 200-day moving average of $248.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same period in the previous year, the company posted $1.68 EPS. Amazon.com's revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction 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 directly owned 119,780 shares of the company's stock, valued at $31,024,217.80. This trade represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $254.77, for a total transaction of $254,770.00. Following the completion of the sale, the chief executive officer owned 475,681 shares in the company, valued at approximately $121,189,248.37. 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. Insiders sold 70,589 shares of company stock valued at $18,329,015 in the last ninety days. 8.90% of the stock is owned by insiders.

More Amazon.com News

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

• Positive Sentiment: AWS data-center push received support: Amazon Web Services pledged more than $1 billion over five years for communities hosting its U.S. data centers, including job training, education and infrastructure initiatives. The investment is intended to ease resistance to new facilities and help Amazon secure capacity for AI workloads. Amazon to invest $1 billion over five years in US data center communities
• Positive Sentiment: AI and AWS growth remain the main bullish catalyst: Reports highlighted AWS’s rapid expansion, a more than $1 billion Synopsys agreement supporting custom-chip development, and Anthropic’s expected long-term AWS commitments of roughly $110 billion. Amazon also launched an AI agent that audits customers’ cloud environments, potentially increasing AWS usage while improving customer cost, security and performance management. Amazon Is Both Landlord And Shareholder In Anthropic’s Giant Cloud Bet
• Positive Sentiment: Analyst confidence provided additional support: Goldman Sachs added Amazon to its conviction list, while New Street raised its price target to $385 and maintained a Buy rating. Analysts cited AWS growth, generative AI exposure and potential retail-margin improvement as reasons for longer-term upside. New Street Adjusts Price Target on Amazon.com to $385
• Neutral Sentiment: Amazon is reportedly exploring an $8 billion chip sale-and-leaseback: Moving Nvidia AI chips to an investment vehicle could make the balance sheet more asset-light and help fund capital spending, but it also underscores the scale of Amazon’s AI infrastructure costs and financing requirements. Amazon seeks to offload $8 billion of Nvidia chips
• Negative Sentiment: Investors face profitability and regulatory risks: Analysts questioned how much AWS earnings are distorted by unrealized Anthropic investment gains, while surging AI capital expenditures could pressure free cash flow. Potential tougher EU cloud rules, data-center opposition, warehouse labor actions and Prime-related settlement payments add further uncertainty. What Are Amazon Investors Paying for AWS Without Investment Gains?

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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