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

Key Points

• Titleist Asset Management increased its Amazon stake by 4.4% in the third quarter to 93,542 shares valued at approximately $23.3 million. Institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Amazon reported strong quarterly results, with revenue rising 19.6% year over year to $200.61 billion and EPS of $5.75, well above analyst expectations. Shares opened at $254.08, while the consensus analyst price target stands at $322.53 with a “Moderate Buy” rating.
• AWS and artificial intelligence remain major growth catalysts, supported by a reported $496 billion AWS backlog and strong cloud margins, but Amazon’s planned $200 billion–$220 billion AI spending program is raising concerns about cash flow, returns and execution risk.

Titleist Asset Management LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 93,542 shares of the e-commerce giant's stock after buying an additional 3,967 shares during the period. Amazon.com comprises about 1.5% of Titleist Asset Management LLC's portfolio, making the stock its 12th largest holding. Titleist Asset Management LLC's holdings in Amazon.com were worth $23,306,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMZN. Silvant Capital Management LLC purchased a new position in shares of Amazon.com during the second quarter worth $60,065,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Amazon.com in the second quarter valued at $909,868,000. Northstar Financial Companies Inc. acquired a new stake in shares of Amazon.com in the second quarter valued at $3,376,000. Gryphon Financial Partners LLC raised its holdings in shares of Amazon.com by 7.5% in the 1st 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 during the period. Finally, First Citizens Bank & Trust Co. raised its holdings in shares of Amazon.com by 1.7% in the 1st 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 during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $254.08 on Thursday. The stock's 50-day moving average is $257.59 and its two-hundred day moving average is $251.19. 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. The company has a market cap of $2.74 trillion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.00 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 earned $1.68 EPS. Amazon.com's revenue for the quarter was up 19.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 8.03 EPS for the current fiscal year.

Amazon.com News Roundup

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

• Positive Sentiment: AWS remains the key bullish catalyst. Reports highlight a $496 billion AWS backlog, cloud margins near 39%, and continued demand for AI infrastructure. Amazon also said its custom-chip and AI businesses each surpassed $25 billion, supporting the case that Trainium and Inferentia could eventually reduce reliance on Nvidia GPUs. AWS Backlog and Cloud Margins
• Positive Sentiment: Amazon is expanding its AI ecosystem. The company is reportedly considering a roughly $7 billion acquisition of Decart, whose software helps run AI workloads across Nvidia and Amazon chips. The deal could accelerate Trainium adoption and improve AWS’s competitive position. Amazon Decart AI Deal
• Positive Sentiment: Analyst fundamentals remain supportive. Erste Group raised its FY2027 EPS estimate to $10.71 from $10.54, while Amazon’s Prime Video sports strategy could increase engagement, retention and advertising opportunities. Amazon Prime Video Sports Strategy
• Neutral Sentiment: Investor positioning may amplify volatility. Amazon was reportedly the most widely owned hedge-fund stock in September, creating potential support but also increasing the risk of crowded-trade selling if earnings or AWS growth disappoints. Amazon Hedge Fund Ownership
• Negative Sentiment: AI investment is pressuring cash flow. Amazon’s planned spending of roughly $200 billion to $220 billion raises concerns about capital intensity, returns on invested capital and near-term free cash flow, even as operating cash flow improves. Amazon AI Spending
• Negative Sentiment: Regulatory and execution risks increased. Lawmakers asked the FAA to conduct a site-specific environmental review of Amazon’s proposed Massachusetts drone hub, citing noise, privacy, safety and environmental concerns. Amazon also recalled more than 112,000 bottles of acetaminophen sold through its platform. FAA Review of Amazon Drone Hub
• Negative Sentiment: New hardware faces market skepticism. Amazon’s $499.99-plus Alexa Tablet 12 Pro moves the company into a higher-priced segment against Apple’s iPad, while Apple’s new smart-home products intensify competition. Amazon Alexa Tablet Launch

Analysts Set New Price Targets

Several research firms recently issued reports on AMZN. Tigress Financial reissued a "buy" rating and set a $385.00 target price (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Oppenheimer reaffirmed an "outperform" rating on shares of Amazon.com in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $375.00 target price (up from $335.00) on shares of Amazon.com in a research report on Friday, July 31st. UBS Group set a $200.00 price target on shares of Amazon.com in a research note on Thursday, September 17th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $360.00 price target (up from $355.00) on shares of Amazon.com in a research report on Tuesday, July 28th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $322.53.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,580,515 over the last quarter. Insiders own 8.90% of the company's stock.

Amazon.com Company 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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