Amazon.com, Inc. $AMZN Shares Sold by Tanager Wealth Management LLP

Key Points

• Tanager Wealth Management cut its Amazon stake by 9.8% in the second quarter, selling 2,201 shares and retaining 20,252 shares valued at approximately $4.83 million.
• Other institutions were generally buyers, including Varenne Capital Partners, which increased its position by nearly 399%; institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Amazon reported quarterly earnings of $5.75 per share and revenue of $200.61 billion, surpassing estimates. Wall Street maintains a “Moderate Buy” consensus with an average price target of $321.63 versus the reported share price of $251.40.

Tanager Wealth Management LLP reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,252 shares of the e-commerce giant's stock after selling 2,201 shares during the quarter. Tanager Wealth Management LLP's holdings in Amazon.com were worth $4,827,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Ameritas Advisory Services LLC raised its position in Amazon.com by 78.0% in the second quarter. Ameritas Advisory Services LLC now owns 144,432 shares of the e-commerce giant's stock worth $34,424,000 after purchasing an additional 63,284 shares in the last quarter. Trevian Wealth Management LLC boosted its holdings in Amazon.com by 1.8% during the second quarter. Trevian Wealth Management LLC now owns 8,418 shares of the e-commerce giant's stock valued at $2,006,000 after purchasing an additional 148 shares in the last quarter. Varenne Capital Partners boosted its holdings in Amazon.com by 398.8% during the second quarter. Varenne Capital Partners now owns 61,050 shares of the e-commerce giant's stock valued at $14,540,000 after purchasing an additional 48,810 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. grew its stake in shares of Amazon.com by 33.0% in the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,806 shares of the e-commerce giant's stock valued at $669,000 after purchasing an additional 697 shares during the period. Finally, Wedmont Private Capital grew its stake in shares of Amazon.com by 3.4% in the 2nd quarter. Wedmont Private Capital now owns 175,224 shares of the e-commerce giant's stock valued at $42,990,000 after purchasing an additional 5,821 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Trading Down 0.0%

AMZN stock opened at $251.40 on Tuesday. The business has a fifty day moving average price of $257.46 and a 200 day moving average price of $248.76. 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 fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.95 and a beta of 1.45.

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 company had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business's revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Analysts expect that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: TD Cowen reaffirmed its Buy rating and raised its price target to $350, implying substantial upside. Analysts and investment articles also point to AMZN’s roughly 20-times earnings valuation as historically low for the company. TD Cowen Reaffirms Buy Rating for Amazon
• Positive Sentiment: AWS is expanding its AI capabilities by hiring former Microsoft Copilot executive Pedram Rezaei to work on agentic AI, coding and workplace tools. AWS also says AI costs are falling rapidly, potentially broadening adoption and supporting future cloud demand. Amazon Hires Microsoft AI Leader
• Positive Sentiment: Amazon signed a multiyear, $1 billion-plus agreement with Synopsys to strengthen its custom-chip strategy. Developing its own chips could reduce reliance on Nvidia and improve AWS infrastructure economics over time. Amazon’s Chip Deal
• Positive Sentiment: Amazon is investing in data-center power and community support, including more than $3 billion tied to Maryland’s Calvert Cliffs nuclear plant and $1 billion for job training and energy-efficiency programs. These investments may ease local opposition and remove infrastructure constraints on AWS expansion. Amazon Data Center Community Investment
• Positive Sentiment: Prime Big Deal Days and holiday merchandising, including Amazon’s annual kids’ gift book, provide near-term catalysts for fourth-quarter retail sales. Amazon Prepares for Holiday Sales
• Neutral Sentiment: Amazon is reportedly considering moving approximately $8 billion of Nvidia chips into a special-purpose vehicle and leasing them back. The structure could improve capital flexibility, but it also highlights the scale and financing burden of AI infrastructure spending. Amazon Nvidia Chip Financing
• Negative Sentiment: Amazon blocks outside AI shopping agents while rivals are allowing greater access, raising concerns that agentic commerce could weaken Amazon’s direct relationship with shoppers or increase competitive pressure. AI Agents and Retailers
• Negative Sentiment: Investors remain concerned that AI infrastructure spending may require trillions of dollars in additional revenue to justify current industry investment. Data-center opposition, power shortages and uncertain returns could pressure margins and cash flow.
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan. The transaction was small relative to his remaining holdings and is not necessarily a signal of deteriorating confidence, but it may add modest headline pressure. SEC Filing

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of the company's stock in a transaction dated Monday, August 24th. The shares were 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 represents a 18.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer owned 476,681 shares of the company's stock, valued at $123,465,145.81. The trade was a 1.32% 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. Insiders have sold 71,589 shares of company stock worth $18,580,515 over the last quarter. Corporate insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley restated an "overweight" rating and set a $335.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Barclays reiterated an "overweight" rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. DA Davidson reiterated a "neutral" rating and set a $250.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Finally, Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.63.

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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