Amazon.com, Inc. $AMZN Shares Acquired by Private Client Services LLC

Key Points

• Private Client Services LLC increased its Amazon stake by 17.1% in the second quarter to 14,136 shares valued at approximately $3.37 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 and above expectations.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus rating and an average price target of $322.56, although valuation, heavy AI infrastructure spending and softer retail demand remain risks.

Private Client Services LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 17.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,136 shares of the e-commerce giant's stock after purchasing an additional 2,067 shares during the period. Amazon.com makes up about 0.9% of Private Client Services LLC's holdings, making the stock its 24th biggest position. Private Client Services LLC's holdings in Amazon.com were worth $3,369,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Meadowbrook Wealth Management LLC boosted its position in shares of Amazon.com by 1.3% in the 2nd quarter. Meadowbrook Wealth Management LLC now owns 37,435 shares of the e-commerce giant's stock valued at $8,922,000 after purchasing an additional 475 shares during the period. RDA Financial Network raised its holdings in Amazon.com by 0.7% during the 2nd quarter. RDA Financial Network now owns 55,672 shares of the e-commerce giant's stock worth $13,269,000 after buying an additional 404 shares during the period. Boltwood Capital Management raised its holdings in Amazon.com by 4.0% during the 2nd quarter. Boltwood Capital Management now owns 19,149 shares of the e-commerce giant's stock worth $4,564,000 after buying an additional 744 shares during the period. Trilogy Capital Inc. lifted its stake in Amazon.com by 5.0% during the second quarter. Trilogy Capital Inc. now owns 72,209 shares of the e-commerce giant's stock valued at $17,210,000 after buying an additional 3,427 shares in the last quarter. Finally, Box Hill Private Wealth LLC lifted its stake in Amazon.com by 13.4% during the second quarter. Box Hill Private Wealth LLC now owns 5,836 shares of the e-commerce giant's stock valued at $1,391,000 after buying an additional 691 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 0.9%

Amazon.com stock opened at $262.65 on Friday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.83 trillion, a P/E ratio of 21.13, a P/E/G ratio of 1.75 and a beta of 1.45. The company's fifty day simple moving average is $247.91 and its 200-day simple moving average is $238.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com's quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on AMZN. Cantor Fitzgerald reiterated an "overweight" rating and issued a $320.00 target price (down from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Wolfe Research restated an "outperform" rating and issued a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research report on Thursday, April 30th. Barclays reaffirmed an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Telsey Advisory Group set a $335.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $322.56.

Key Amazon.com News

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

• Positive Sentiment: Institutional buying supports sentiment. Thrive Capital disclosed a roughly $215 million Amazon position, while Baupost Group added 625,100 shares and Dodge & Cox increased its holding by approximately 1.6 million shares. Thrive Capital discloses Amazon stake
• Positive Sentiment: AWS remains the central bullish catalyst. Commentary points to accelerating AWS growth for five consecutive quarters, a substantial backlog and customer demand extending into 2028. Amazon Web Services also became AppFolio’s preferred cloud provider, adding evidence of enterprise demand. AppFolio selects AWS
• Positive Sentiment: New growth opportunities are expanding. Amazon won a Space Force communications contract, while its AI infrastructure spending is helping drive demand for data-center and semiconductor suppliers. Analysts cited in recent coverage remain bullish on both Amazon and Alphabet. Amazon wins Space Force contract
• Neutral Sentiment: Valuation remains a debate. Amazon is viewed favorably versus some large-cap peers, but coverage notes that its forward earnings multiple is higher than its trailing multiple. That may reflect expected earnings growth, though it leaves less room for execution disappointments.
• Negative Sentiment: Retail data raised demand concerns. U.S. retail sales fell in July, with online spending declining after Amazon’s summer sales event. Higher fuel and operating costs may also pressure big-box retailers and consumer purchasing power. July retail sales decline
• Negative Sentiment: AI investment brings financial and execution risk. Amazon and other hyperscalers are issuing significant debt to fund infrastructure expansion, increasing concerns about returns on spending and potential pressure on future profits. Amazon’s lack of a dividend may also limit appeal for income-focused investors.
• Negative Sentiment: Twitch backlash adds reputational risk. Twitch’s decision to use livestream content for Amazon AI training, with the feature reportedly enabled automatically, has angered creators and could create privacy, regulatory and user-retention concerns. Twitch AI data-sharing backlash

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the transaction, the chief executive officer directly owned 14,159 shares of the company's stock, valued at $3,729,480.60. This represents a 52.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 firm's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares of the company's stock, valued at $581,042,879.72. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 62,650 shares of company stock worth $16,535,457. Insiders own 8.90% of the company's stock.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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