Amazon.com, Inc. $AMZN Shares Purchased by PineStone Asset Management Inc.

Key Points

• PineStone Asset Management increased its Amazon stake by 4.7% in the third quarter, acquiring 130,810 additional shares for a total of 2.91 million shares valued at approximately $724.9 million. Institutional investors collectively own 72.2% of Amazon.
• Analysts remain broadly positive, with 57 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $325.12. Amazon recently exceeded quarterly earnings and revenue expectations, with revenue rising 19.6% year over year.
• AWS and AI demand are key growth drivers, but heavy infrastructure spending is the primary risk. Investors are watching whether cloud growth and margins can justify Amazon’s elevated data-center investment and its potential impact on free cash flow.

PineStone Asset Management Inc. grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,909,610 shares of the e-commerce giant's stock after purchasing an additional 130,810 shares during the quarter. Amazon.com accounts for 4.8% of PineStone Asset Management Inc.'s portfolio, making the stock its 6th largest position. PineStone Asset Management Inc.'s holdings in Amazon.com were worth $724,929,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Silvant Capital Management LLC bought a new stake in Amazon.com during the second quarter worth approximately $60,065,000. Public Employees Retirement System of Ohio acquired a new position in Amazon.com in the second quarter worth approximately $909,868,000. Northstar Financial Companies Inc. bought a new position in shares of Amazon.com in the second quarter valued at $3,376,000. Gryphon Financial Partners LLC increased its holdings in shares of Amazon.com by 7.5% in the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock valued at $15,221,000 after buying an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of Amazon.com by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock valued at $63,285,000 after buying an additional 5,104 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,343 shares of the firm's 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 completion of the sale, the vice president 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 SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the transaction, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This represents a 44.97% 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. Over the last 90 days, insiders sold 71,589 shares of company stock worth $18,580,515. Insiders own 8.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AMZN shares. Citizens Jmp reiterated a "market outperform" rating and set a $315.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. TD Cowen restated a "buy" rating and issued a $350.00 target price on shares of Amazon.com in a report on Monday, October 5th. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, August 3rd. Wolfe Research reaffirmed an "outperform" rating and set a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Finally, Bank of America upped their target price on Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a report on Friday, July 31st. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $325.12.

Amazon.com Price Performance

AMZN stock opened at $253.10 on Wednesday. The firm has a market capitalization of $2.73 trillion, a P/E ratio of 20.36 and a beta of 1.45. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company's 50 day simple moving average is $255.21 and its 200-day simple moving average is $243.10.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same period in the prior year, the business posted $1.68 EPS. The company's revenue for the quarter was up 19.6% on a year-over-year basis. Sell-side analysts predict that Amazon.com, Inc. will post 7.55 EPS for the current fiscal year.

Amazon.com News Summary

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

• Positive Sentiment: AWS growth is the central bullish factor. Analysts expect Amazon Web Services to benefit from strong AI-related demand, with 2027 cloud capacity reportedly largely sold out. Wall Street estimates and several analysts’ price targets imply meaningful upside if AWS growth and margins exceed expectations. Amazon Q3 Earnings Preview: AWS Growth Takes Center Stage
• Positive Sentiment: Anthropic’s IPO filing reinforces Amazon’s AI infrastructure opportunity. Anthropic disclosed approximately $110 billion in non-cancelable cloud commitments with Amazon, providing substantial long-term revenue visibility for AWS. Amazon’s equity stake in Anthropic could also benefit from a higher public valuation, although related gains may be largely non-cash. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: The FCC approved Amazon Leo’s $11.57 billion acquisition of Globalstar. The approval removes a regulatory hurdle and advances Amazon’s satellite-connectivity ambitions, though the deal will require significant investment. US agency approves Amazon Leo's acquisition of Globalstar
• Neutral Sentiment: Earnings expectations are elevated. Investors will focus on AWS revenue growth, operating margins, advertising, free cash flow and management’s capital-expenditure outlook after Thursday’s closing bell.
• Neutral Sentiment: Amazon is refining its internal AI strategy. New guidance tells engineers to measure business results rather than token usage or raw code generation, potentially improving productivity and controlling AI costs, but offering limited immediate financial impact. Amazon's anti-tokenmaxxing memo
• Negative Sentiment: Heavy AI infrastructure spending remains the main risk. Massive data-center investment is expected to weigh on free cash flow and profitability more heavily than at some peers, while investors question whether AWS growth will justify the spending.
• Negative Sentiment: Cost pressures could affect lower-margin businesses. Rising memory prices have forced difficult pricing and profitability trade-offs for Amazon’s devices unit, while AI-related restructuring and potential technology-sector layoffs add reputational and execution concerns.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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