Amazon.com, Inc. $AMZN Shares Newly Bought by Timbuktu Capital Management LLC

Key Points

• Timbuktu Capital Management initiated a $540,000 position in Amazon during the second quarter, making AMZN its 19th-largest holding and representing 0.8% of its portfolio.
• Institutional ownership remains substantial at 72.2%, with several investors adding to or initiating Amazon positions during the quarter, including Munich Reinsurance and Cassilly Financial Group.
• Amazon reported strong quarterly results, with revenue up 19.6% year over year and EPS of $5.75 versus the $1.82 consensus estimate. Analysts maintain a largely bullish outlook, reflected in a “Moderate Buy” consensus and $321.63 average price target.

Timbuktu Capital Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,264 shares of the e-commerce giant's stock, valued at approximately $540,000. Amazon.com makes up 0.8% of Timbuktu Capital Management LLC's holdings, making the stock its 19th largest position.

Several other large investors also recently bought and sold shares of AMZN. Oakmont Investment Advisors Inc. acquired a new position in shares of Amazon.com during the second quarter valued at approximately $2,903,000. TOP Private Wealth LLC. purchased a new stake in shares of Amazon.com during the second quarter worth approximately $29,000. Munich Reinsurance Co Stock Corp in Munich raised its stake in Amazon.com by 8.3% in the 2nd quarter. Munich Reinsurance Co Stock Corp in Munich now owns 424,570 shares of the e-commerce giant's stock valued at $101,192,000 after purchasing an additional 32,533 shares during the last quarter. Cassilly Financial Group LLC raised its stake in Amazon.com by 35.1% in the 2nd quarter. Cassilly Financial Group LLC now owns 1,360 shares of the e-commerce giant's stock valued at $324,000 after purchasing an additional 353 shares during the last quarter. Finally, Hopwood Nicholas Hunter purchased a new position in Amazon.com in the 2nd quarter valued at $1,155,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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?

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. 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 quarter, insiders sold 70,589 shares of company stock worth $18,329,015. Insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Pivotal Research reaffirmed a "buy" rating and set a $333.00 target price (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. Barclays reaffirmed an "overweight" rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. BMO Capital Markets reiterated an "outperform" rating and set a $360.00 price target (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Citizens Jmp reiterated a "market outperform" rating and issued a $315.00 target price on shares of Amazon.com in a report on Friday, July 31st. Finally, Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $321.63.

Amazon.com Stock Up 1.3%

Shares of NASDAQ:AMZN opened at $251.52 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a market capitalization of $2.71 trillion, a PE ratio of 20.23, a P/E/G ratio of 1.95 and a beta of 1.45. The firm has a 50 day simple moving average of $257.06 and a 200-day simple moving average of $248.25.

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

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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