Amazon.com, Inc. $AMZN Stock: Eleva Capital SAS Boosts Position

Key Points

• Eleva Capital SAS increased its Amazon position by 293.7% in the third quarter, owning 63,597 shares worth approximately $15.8 million. Amazon now represents 13.3% of the firm’s portfolio and is its largest holding.
• Institutional investors own 72.2% of Amazon’s stock, while executives have sold $18.6 million worth of shares over the past 90 days through pre-arranged trading plans.
• Amazon reported better-than-expected quarterly results, with $5.75 in EPS and $200.61 billion in revenue, while analysts maintain a broadly bullish outlook with a “Moderate Buy” consensus rating and an average price target of $322.86.

Eleva Capital SAS increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 293.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,597 shares of the e-commerce giant's stock after buying an additional 47,442 shares during the quarter. Amazon.com comprises approximately 13.3% of Eleva Capital SAS's investment portfolio, making the stock its largest holding. Eleva Capital SAS's holdings in Amazon.com were worth $15,845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Amazon.com by 5.5% during the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock worth $95,504,904,000 after purchasing an additional 21,398,025 shares during the last quarter. Auto Owners Insurance Co boosted 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 purchasing an additional 98,090,585 shares during the last quarter. Bank of America Corp DE purchased a new stake in Amazon.com in the second quarter valued at $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in Amazon.com in the second quarter valued at $16,341,405,000. Finally, Amundi grew its position in Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $262.43 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 has a market capitalization of $2.83 trillion, a PE ratio of 21.11, a P/E/G ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The company has a fifty day moving average of $258.83 and a two-hundred day moving average of $250.16.

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 (EPS) 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 business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter last year, the business earned $1.68 earnings per share. The company's revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas Herrington sold 6,362 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares of the company's stock, valued at $123,465,145.81. The trade was a 1.32% 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, CFO Brian Olsavsky sold 6,172 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the completion of the sale, the chief financial officer owned 109,207 shares of the company's stock, valued at $28,427,674.17. This trade represents a 5.35% 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 90 days, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by corporate insiders.

Key Stories Impacting Amazon.com

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.

Analyst Upgrades and Downgrades

Several analysts recently commented on AMZN shares. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Amazon.com in a report on Monday, October 5th. Tigress Financial reiterated a "buy" rating and set a $385.00 price target (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Bank of America boosted their price target on Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a report on Friday, July 31st. Citigroup restated a "market outperform" rating on shares of Amazon.com in a research report on Friday, August 14th. Finally, Rosenblatt Securities upped their price objective on Amazon.com from $335.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, September 30th. Fifty-six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $322.86.

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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