Amazon.com, Inc. $AMZN Shares Bought by CacheTech Inc.

Key Points

• CacheTech increased its Amazon stake by 21.6% in the first quarter, purchasing 3,806 additional shares and bringing its holdings to 21,424 shares valued at approximately $4.46 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon reported a strong quarter, with revenue rising 19.6% year over year to $200.61 billion and EPS of $5.75, far exceeding estimates. AWS revenue grew 37%, reinforcing investor confidence in Amazon’s cloud and AI growth prospects.
• Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $322.56, but near-term risks include elevated AI spending, regulatory pressure, insider share sales and Jeff Bezos’ planned multibillion-dollar stock sale.

CacheTech Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,424 shares of the e-commerce giant's stock after purchasing an additional 3,806 shares during the quarter. CacheTech Inc.'s holdings in Amazon.com were worth $4,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Red Crane Wealth Management LLC increased its position in Amazon.com by 2.3% during the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock worth $346,000 after purchasing an additional 38 shares during the last quarter. Robinson Smith Wealth Advisors LLC increased its holdings in shares of Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock worth $1,147,000 after buying an additional 40 shares during the last quarter. Sfam LLC increased its holdings in shares of Amazon.com by 3.4% during the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant's stock worth $255,000 after buying an additional 40 shares during the last quarter. Financial Connections Group Inc. raised its position in shares of Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock valued at $376,000 after buying an additional 42 shares during the period. Finally, Marquette Asset Management LLC lifted its holdings in Amazon.com by 5.1% in the fourth quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock valued at $205,000 after acquiring an additional 43 shares during the last quarter. 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: AWS growth is strengthening the AI investment case. Second-quarter revenue rose 19.6% to $200.6 billion, while AWS revenue increased 37% and operating income rose sharply. Investors are increasingly confident that Amazon’s infrastructure spending is translating into cloud demand, margins and future revenue visibility. Amazon AWS growth article
• Positive Sentiment: Analysts remain constructive. Multiple firms have raised price targets, with reported targets generally above the current share price. A large AWS backlog and accelerating AI-related demand are supporting the bullish outlook. Amazon analyst targets and AWS backlog
• Positive Sentiment: AI monetization is broadening. Amazon’s investment in Anthropic and its OpenAI partnership could increase demand for AWS chips and infrastructure. Personalized recommendations and AI features in Prime Video may also improve engagement and create additional monetization opportunities. Amazon Prime Video AI article
• Neutral Sentiment: Recent momentum may be vulnerable to profit-taking. Short covering and strong post-earnings buying helped drive the recent rally, but some analysts have downgraded Amazon to more moderate recommendations as valuation and expectations rise. Amazon rating downgrade
• Negative Sentiment: Bezos’ planned sale is the main near-term overhang. The proposed disposal, valued at roughly $4 billion to $4.7 billion, increases potential supply and has been interpreted as a sentiment “buzzkill” immediately after the stock’s record high. Jeff Bezos Amazon share sale
• Negative Sentiment: Risks from spending and regulation remain. Amazon faces very large AI capital commitments, negative free cash flow and future data-center lease obligations. New Jersey also sued over alleged delivery-network wage suppression, while a court allowed Perplexity’s AI shopping tools to continue operating on Amazon’s platform, potentially increasing competitive and security concerns. Big Tech AI data-center lease obligations

Amazon.com Stock Performance

NASDAQ AMZN opened at $277.42 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The company has a market cap of $2.99 trillion, a P/E ratio of 22.32, a P/E/G ratio of 1.81 and a beta of 1.45. The stock has a 50-day moving average of $246.29 and a two-hundred day moving average of $236.73. 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 issued its quarterly earnings results 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. 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 analysts' expectations of $197.03 billion. During the same quarter in the prior year, the company earned $1.68 earnings per share. The business's quarterly revenue was up 19.6% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 8.39 EPS for the current year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer owned 2,205,766 shares in the company, valued at $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $239.77, for a total value of $239,770.00. Following the sale, the chief executive officer directly owned 484,527 shares in the company, valued at $116,175,038.79. This represents a 0.21% 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. Insiders sold 76,867 shares of company stock worth $20,253,702 over the last 90 days. Company insiders own 8.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on AMZN. Needham & Company LLC restated a "buy" rating and issued a $300.00 target price on shares of Amazon.com in a research report on Friday, July 31st. DZ Bank boosted their price objective on shares of Amazon.com from $295.00 to $320.00 and gave the company a "buy" rating in a report on Monday, May 4th. HSBC reaffirmed a "buy" rating and issued a $310.00 target price on shares of Amazon.com in a research report on Friday. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $320.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday. Finally, Raymond James Financial reiterated an "outperform" rating and set a $390.00 price target (up from $280.00) on shares of Amazon.com in a research report on Friday. Fifty-six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $322.56.

About Amazon.com

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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