Amazon.com, Inc. $AMZN Shares Purchased by Udine Wealth Management Inc.

Key Points

• Udine Wealth Management increased its Amazon stake by 7.9% in the second quarter, acquiring 2,032 shares for a total of 27,868 shares valued at approximately $6.64 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon insiders sold shares under pre-arranged Rule 10b5-1 plans, including CEO Matthew Garman’s $3.77 million sale and SVP David Zapolsky’s $2.40 million sale. Insiders have sold 71,589 shares worth roughly $18.6 million over the past 90 days.
• Analysts remain bullish, with a consensus “Moderate Buy” rating and an average price target of $323.26. Amazon recently reported revenue growth of 19.6% year over year and earnings of $5.75 per share, well above the $1.82 consensus estimate.

Udine Wealth Management Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,868 shares of the e-commerce giant's stock after acquiring an additional 2,032 shares during the period. Amazon.com accounts for approximately 2.7% of Udine Wealth Management Inc.'s holdings, making the stock its 9th largest position. Udine Wealth Management Inc.'s holdings in Amazon.com were worth $6,642,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Amazon.com during the fourth quarter valued at about $32,868,735,000. Auto Owners Insurance Co boosted its stake in shares of Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP increased its holdings in shares of 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 acquired a new position in shares of Amazon.com during the 1st quarter valued at about $11,674,091,000. Finally, Cardano Risk Management B.V. raised its stake in shares of Amazon.com by 879.4% in the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock valued at $6,431,199,000 after acquiring an additional 25,017,588 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com 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 value of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. The trade was a 44.97% 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. Over the last 90 days, insiders have sold 71,589 shares of company stock worth $18,568,785. 8.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMZN shares. BMO Capital Markets restated an "outperform" rating and issued a $360.00 target price (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Wolfe Research reissued an "outperform" rating and issued a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Evercore set a $355.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research report on Friday, August 28th. Sanford C. Bernstein restated an "outperform" rating and issued a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amazon.com in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $323.26.

Amazon.com Stock Performance

NASDAQ AMZN opened at $258.51 on Tuesday. The company's fifty day moving average is $254.51 and its two-hundred day moving average is $243.04. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. 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 firm has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 1.99 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter last year, the company earned $1.68 earnings per share. The firm's revenue was up 19.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current year.

More Amazon.com News

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

• Positive Sentiment: AWS demand remains a major bullish factor. Anthropic reportedly committed to spend more than $100 billion on AWS over 10 years, potentially representing about one-fifth of Amazon’s contracted cloud backlog. Amazon also recently reported strong quarterly growth, with revenue up 19.6% year over year and EPS substantially above expectations. Anthropic AWS contract article
• Positive Sentiment: Valuation appears more attractive to some investors. Commentary highlighted Amazon’s roughly 21 P/E ratio, below the premium multiples historically assigned to the company and below some large retail peers. However, the appeal is tempered by Amazon’s aggressive AI infrastructure spending. Amazon valuation article
• Neutral Sentiment: AI investment and policy risks remain in focus. Amazon is reportedly on track for approximately $220 billion in capital expenditures this year, up from $132 billion in 2025, raising questions about free cash flow and returns. Separately, proposed restrictions on advanced AI and the Pentagon’s continued concerns about Anthropic could affect AWS-related opportunities, although the near-term financial impact is uncertain. AI policy article
• Negative Sentiment: The Miami crash is the dominant near-term overhang. An Amazon-branded Boeing 767-300 operated by contractor 21 Air overran the runway by about 1,300 feet, struck vehicles and airport equipment, and came to rest near a Tesla vehicle facility. Five people died and others were injured. The FAA and NTSB are investigating aircraft speed, runway safeguards and operational oversight; potential liability, reputational damage and tighter scrutiny of Amazon Air could weigh on sentiment, although the affected aircraft represents only a small portion of Amazon’s roughly 250-flight air network. NTSB Miami crash update

Amazon.com Company 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.