Amazon.com, Inc. $AMZN Shares Sold by Morangie Management LLC

Key Points

• Morangie Management LLC cut its Amazon stake by 32.3% in the third quarter, selling 17,039 shares and retaining 35,660 shares worth approximately $8.9 million. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Analysts remain broadly bullish, with 57 Buy ratings and three Holds, an average “Moderate Buy” rating, and an average price target of $322.53. Expected catalysts include accelerating AWS and AI infrastructure growth, advertising, automation, and logistics expansion.
• Amazon faces near-term scrutiny over its planned $220 billion investment program, negative free cash flow, and data-center power constraints. Investors are watching the October 29 earnings report for updates on AWS margins, capital spending, cash flow, and Prime Day demand.

Morangie Management LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,660 shares of the e-commerce giant's stock after selling 17,039 shares during the quarter. Amazon.com comprises about 7.2% of Morangie Management LLC's holdings, making the stock its 3rd largest holding. Morangie Management LLC's holdings in Amazon.com were worth $8,885,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Silvant Capital Management LLC acquired a new position in Amazon.com during the 2nd quarter valued at approximately $60,065,000. Public Employees Retirement System of Ohio acquired a new stake in Amazon.com in the 2nd quarter valued at about $909,868,000. Northstar Financial Companies Inc. bought a new stake in shares of Amazon.com during the 2nd quarter worth $3,376,000. Gryphon Financial Partners LLC lifted its stake in Amazon.com by 7.5% during 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. lifted its stake in 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 worth $63,285,000 after acquiring an additional 5,104 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon's $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Telsey Advisory Group set a $335.00 price objective on Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. Piper Sandler reaffirmed an "overweight" rating and set a $320.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Barclays reiterated an "overweight" rating and set a $365.00 price target (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Benchmark increased their price target on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $322.53.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction dated 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 directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the sale, the vice president owned 119,780 shares in the company, valued at approximately $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. 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 ninety days, insiders sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $248.00 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock's 50-day moving average is $255.56 and its 200-day moving average is $253.58. The company has a market cap of $2.68 trillion, a P/E ratio of 19.95, a P/E/G ratio of 2.04 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 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 the consensus estimate of $197.03 billion. During the same period in the previous year, the business posted $1.68 EPS. The company's revenue for the quarter was up 19.6% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 7.55 earnings per share for the current year.

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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