Amazon.com, Inc. $AMZN Stock Bought by Lone Peak Global Investors LLC

Key Points

• Lone Peak Global Investors increased its Amazon stake by 6.1% in the second quarter to 112,671 shares valued at approximately $26.9 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds; Amazon has a consensus “Moderate Buy” rating and an average price target of $321.63.
• Amazon reported stronger-than-expected quarterly results, including $5.75 in EPS versus the $1.82 consensus estimate and $200.61 billion in revenue, up 19.6% year over year. Insiders, however, sold 70,589 shares worth about $18.3 million over the past 90 days.

Lone Peak Global Investors LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,671 shares of the e-commerce giant's stock after acquiring an additional 6,441 shares during the period. Amazon.com comprises 3.7% of Lone Peak Global Investors LLC's investment portfolio, making the stock its 8th biggest holding. Lone Peak Global Investors LLC's holdings in Amazon.com were worth $26,854,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Auto Owners Insurance Co increased its holdings in Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after buying an additional 98,090,585 shares during the last quarter. Bank of America Corp DE purchased a new stake in Amazon.com during the 2nd quarter worth about $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in Amazon.com during the 2nd quarter worth about $16,341,405,000. Legal & General Group Plc acquired a new position in shares of Amazon.com during the 2nd quarter worth about $12,831,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $6,631,466,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. KeyCorp raised their target price on Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. TD Cowen reiterated a "buy" rating and issued a $350.00 price target (up from $340.00) on shares of Amazon.com in a research note on Friday, July 31st. Pivotal Research reissued a "buy" rating and set a $333.00 price objective (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. Evercore set a $355.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Friday, August 28th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $320.00 target price (down from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.63.

Amazon.com Stock Performance

Shares of AMZN opened at $249.15 on Thursday. The company's 50 day simple moving average is $256.38 and its 200-day simple moving average is $247.94. The firm has a market cap of $2.69 trillion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.91 and a beta of 1.44. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. 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 (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. Amazon.com's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 8.01 EPS for the current year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Rosenblatt raised its price target to $360 from $335 and maintained a Buy rating, implying roughly 46% upside. The firm said concerns that Meta’s Muse and OpenAI’s Dots could displace Amazon’s retail and advertising businesses are overstated. How Amazon’s stock can fight off the AI threat and soar 46%
• Positive Sentiment: AWS agreed to a multiyear Synopsys deal worth more than $1 billion to license chip-design technology. The agreement should support Amazon’s Trainium and Graviton custom-chip efforts, potentially reducing its reliance on Nvidia processors and improving AWS economics over time. Synopsys, Amazon Web Services sign chip design licensing deal
• Positive Sentiment: Amazon signed a 20-year nuclear power agreement with Constellation Energy supporting expansion of Maryland’s Calvert Cliffs plant. The deal could help secure reliable, low-carbon electricity for Amazon’s growing data-center and AI infrastructure needs. Constellation, Amazon sign 20-year power deal
• Positive Sentiment: New consumer products and services provided additional support. Amazon launched a faster Fire TV Stick 4K with expanded Alexa+ functionality and introduced shipping tools intended to lower delivery costs for sellers of bulky products. These initiatives could support device engagement, retail activity, and marketplace participation. Amazon stock rallies on new Alexa and Fire TV abilities

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares in the company, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. This represents a 1.92% 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 ninety days, insiders sold 70,589 shares of company stock valued at $18,329,015. 8.90% of the stock is owned by insiders.

Amazon.com 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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