Amazon.com, Inc. $AMZN Stock: Congress Asset Management Co. Raises Position

Key Points

• Congress Asset Management increased its Amazon stake by 1.0% in the third quarter, adding 7,206 shares to own 741,049 shares valued at approximately $184.6 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon insiders sold 71,589 shares worth about $18.6 million over the past three months, including CEO Andy Jassy’s $5.2 million sale under a pre-arranged Rule 10b5-1 plan.
• Amazon’s latest results exceeded expectations, with $5.75 quarterly EPS and $200.6 billion in revenue, up 19.6% year over year. Analysts maintain a Moderate Buy consensus, with an average price target of $322.86 versus the reported $262.43 share price.

Congress Asset Management Co. grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 741,049 shares of the e-commerce giant's stock after buying an additional 7,206 shares during the period. Amazon.com accounts for 1.2% of Congress Asset Management Co.'s investment portfolio, making the stock its 12th largest holding. Congress Asset Management Co.'s holdings in Amazon.com were worth $184,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Trust Asset Management LLC boosted its stake in 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 purchasing an additional 3,414 shares during the period. TOP Private Wealth LLC. purchased a new stake in shares of Amazon.com during the second quarter worth approximately $29,000. Bard Associates Inc. acquired a new stake in shares of Amazon.com during the second quarter worth $32,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Amazon.com during the second quarter worth $33,000. Finally, Atomic Invest LLC lifted its holdings in shares of Amazon.com by 41.2% during the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after purchasing an additional 49 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew Jassy sold 20,000 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, 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 stock in a transaction on 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. Insiders sold 71,589 shares of company stock worth $18,580,515 in the last three months. 8.90% of the stock is currently owned by company insiders.

Amazon.com Price Performance

AMZN opened at $262.43 on Monday. The firm has a market cap of $2.83 trillion, a P/E ratio of 21.11, a PEG ratio of 2.03 and a beta of 1.45. The business's fifty day simple moving average is $258.83 and its 200 day simple moving average is $250.16. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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 firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 8.03 EPS for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several recent research reports. UBS Group set a $200.00 price objective on shares of Amazon.com in a research note on Thursday, September 17th. Truist Financial upped their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Barclays restated an "overweight" rating and issued a $365.00 target price (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Wells Fargo & Company restated an "overweight" rating and issued a $338.00 target price (up from $328.00) on shares of Amazon.com in a research note on Thursday, September 3rd. Finally, Wedbush lifted their target price on shares of Amazon.com from $293.00 to $310.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $322.86.

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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