Amazon.com, Inc. $AMZN Shares Acquired by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors increased its Amazon stake by 15.9% in the second quarter, adding 5,947 shares to own 43,306 shares valued at approximately $10.3 million. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Amazon reported strong quarterly results, with revenue up 19.6% year over year to $200.61 billion and EPS of $5.75, well above analyst expectations. Analysts remain broadly positive, assigning a “Moderate Buy” consensus rating and an average price target near $322.
• Investors are weighing Amazon’s AI and AWS growth against execution and earnings-quality risks, including heavy AI spending and a reported paper gain tied to Anthropic’s valuation. CEO Douglas Herrington also sold 3,741 shares under a pre-arranged Rule 10b5-1 plan.

Sax Wealth Advisors LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,306 shares of the e-commerce giant's stock after purchasing an additional 5,947 shares during the quarter. Sax Wealth Advisors LLC's holdings in Amazon.com were worth $10,322,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth about $32,868,735,000. Auto Owners Insurance Co increased its position in 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. J. Stern & Co. LLP raised its stake in Amazon.com by 20,598.0% during the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock valued at $20,308,193,000 after acquiring an additional 87,557,736 shares during the last quarter. Nuveen LLC purchased a new stake in Amazon.com during the 1st quarter valued at approximately $11,674,091,000. Finally, Cardano Risk Management B.V. lifted its position in Amazon.com by 879.4% during the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock worth $6,431,199,000 after acquiring an additional 25,017,588 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com News Roundup

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

• Positive Sentiment: AI and AWS positioning: An analyst said the market is not giving Amazon enough credit for its AI strategy. AWS reportedly grew 37% year over year to $42.2 billion, while its AI business surpassed a $25 billion annualized revenue run rate. AWS backlog also reportedly reached $496 billion, supporting expectations for continued cloud growth. Amazon not getting enough credit for AI positioning
• Positive Sentiment: Prime Video expansion: Amazon committed $2 billion through 2030 to expand Prime Video’s original content, sports rights and third-party streaming offerings across Latin America. The investment could strengthen international engagement and broaden long-term advertising and subscription opportunities. Amazon commits $2 billion to expand Prime Video across Latin America
• Positive Sentiment: Investor and analyst support: David Tepper and Stanley Druckenmiller increased their Amazon positions during the second quarter. Rosenblatt initiated coverage with a Buy rating and a $335 price target, while the broader analyst consensus remains “Moderate Buy” with an average target of $322.56. Cathie Wood and Stanley Druckenmiller Agree On Amazon
• Neutral Sentiment: Drone delivery rollout: Prime Air is planned for nearly 500 U.S. cities by year-end, with deliveries potentially arriving within 30 minutes. The expansion could improve fulfillment differentiation, but regulatory, noise, privacy and execution challenges may limit the financial payoff. Amazon to expand drone service to nearly 500 cities
• Negative Sentiment: AI earnings-quality concerns: Investors are scrutinizing a reported $53.4 billion benefit tied to Anthropic’s higher valuation, worrying that paper gains may obscure underlying cash generation. Amazon’s large AI capital requirements could also pressure returns if demand fails to justify the spending. Amazon Falls as AI Gain Faces Scrutiny
• Negative Sentiment: Delivery-provider change: UPS is phasing out most last-mile delivery services for Amazon, potentially requiring Amazon to shift more volume to its own logistics network or other carriers. That could increase near-term fulfillment costs and operational complexity. UPS Is Walking Away From Amazon

Insider Activity

In related news, CEO Douglas J. Herrington sold 3,741 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $262.76, for a total value of $982,985.16. Following the completion of the sale, the chief executive officer owned 467,138 shares in the company, valued at $122,745,180.88. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,741 shares of company stock valued at $1,767,335. Company insiders own 8.90% of the company's stock.

Amazon.com Trading Down 2.2%

Shares of AMZN stock opened at $259.92 on Friday. The business's fifty day moving average price is $249.46 and its 200 day moving average price is $239.21. The firm has a market capitalization of $2.80 trillion, a PE ratio of 20.91, a P/E/G ratio of 1.77 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.

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, beating analysts' consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to the consensus estimate 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 quarter 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.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. BMO Capital Markets reiterated an "outperform" rating and issued a $360.00 target price (up from $355.00) on shares of Amazon.com in a research note on Tuesday, July 28th. Arete Research increased their price target on Amazon.com from $301.00 to $310.00 and gave the stock a "buy" rating in a report on Monday, May 18th. Royal Bank Of Canada lifted their price objective on shares of Amazon.com from $320.00 to $330.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Evercore reissued an "outperform" rating on shares of Amazon.com in a research note on Tuesday, July 28th. Finally, Truist Financial upped their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $322.39.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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