Amazon.com, Inc. $AMZN Stock Acquired by Range Advisory LLC

Key Points

• Range Advisory LLC increased its Amazon stake by 45.2% in the second quarter, adding 15,168 shares to own 48,710 shares valued at approximately $11.6 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon reported quarterly earnings and revenue above analyst expectations, with revenue up 19.6% year over year. Analysts maintain a Moderate Buy consensus, with an average price target of $322.86 versus the stock’s reported price of $256.29.
• Insiders, including CFO Brian Olsavsky and CEO Andy Jassy, sold shares through pre-arranged Rule 10b5-1 plans; insiders sold 71,589 shares worth $18.6 million during the quarter. Investors also remain focused on the potential pressure that heavy AI and data-center spending could place on free cash flow.

Range Advisory LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 45.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 48,710 shares of the e-commerce giant's stock after purchasing an additional 15,168 shares during the quarter. Amazon.com comprises about 1.4% of Range Advisory LLC's holdings, making the stock its 12th largest holding. Range Advisory LLC's holdings in Amazon.com were worth $11,609,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Trust Asset Management LLC raised its holdings in shares of Amazon.com by 3.3% during the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock worth $26,000 after acquiring an additional 3,414 shares during the period. TOP Private Wealth LLC. purchased a new stake in shares of Amazon.com in the second quarter valued at about $29,000. Bard Associates Inc. purchased a new position in Amazon.com during the second quarter worth about $32,000. Longfellow Investment Management Co. LLC purchased a new position in Amazon.com during the second quarter worth about $33,000. Finally, Lifetime Wealth Management P.C. acquired a new position in Amazon.com in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon’s Prime Big Deal Days launched with discounts on electronics and other products, providing a near-term test of consumer demand and a potential boost to fourth-quarter retail revenue. Amazon Prime Big Deal Days
• Positive Sentiment: TD Cowen reaffirmed a Buy rating and set a $350 price target. Other coverage highlighted AMZN’s valuation near 20 times earnings as historically low for the company, supporting the view that AI and AWS growth may not be fully reflected in the stock. TD Cowen Amazon Rating
• Positive Sentiment: Prime Video secured a six-year agreement to stream the Emmy Awards beginning in 2027. The deal strengthens Amazon’s streaming content portfolio and could support Prime engagement, although its direct financial impact is likely modest. Amazon Emmy Awards Deal
• Positive Sentiment: Amazon is reportedly exploring an $8 billion Nvidia-chip financing structure, while continuing investments in custom chips, nuclear power and data centers. These moves could improve capital flexibility and expand AWS’s AI capacity as demand remains strong. Amazon Nvidia Chip Financing
• Neutral Sentiment: A senior Amazon finance executive, James Dibbo, is leaving to become Pinterest’s CFO. The departure may be viewed as a modest talent loss, but he represented only one executive within Amazon’s broad finance organization. Pinterest Hires Amazon Executive
• Negative Sentiment: Investors remain concerned that roughly $200 billion in annual AI and data-center spending could pressure free cash flow before new capacity generates revenue. Power constraints, community opposition and uncertain returns increase execution risk. Amazon Data Center Spending Risks
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.21% and is unlikely to materially affect the investment case, but may create minor headline pressure. SEC Insider Sale Filing

Insiders Place Their Bets

In other Amazon.com news, CFO Brian T. Olsavsky sold 6,172 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares in the company, valued at $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm's 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 sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% 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. In the last quarter, insiders have sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is currently owned by company insiders.

Amazon.com Price Performance

Amazon.com stock opened at $256.29 on Wednesday. The stock has a market cap of $2.76 trillion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.94 and a beta of 1.45. The company has a fifty day simple moving average of $257.97 and a 200-day simple moving average of $249.09. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20.

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 for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com's quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 8.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on AMZN shares. Cantor Fitzgerald reissued an "overweight" rating on shares of Amazon.com in a research note on Monday. Wedbush upped their price objective on Amazon.com from $293.00 to $310.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Barclays reissued an "overweight" rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Susquehanna restated a "positive" rating on shares of Amazon.com in a research report on Tuesday. Finally, Rosenblatt Securities upped their price target on Amazon.com from $335.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $322.86.

About Amazon.com

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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