Amazon.com, Inc. $AMZN Stock: Fortitude Family Office LLC Increases Stake

Key Points

• Fortitude Family Office increased its Amazon stake by 32.2% in the third quarter, owning 10,614 shares valued at approximately $2.61 million. Institutional investors and hedge funds collectively own 72.2% of Amazon’s shares.
• Analyst sentiment remains broadly positive, with 57 Buy ratings and three Holds, resulting in a “Moderate Buy” consensus and an average price target of $322.53.
• Amazon shares opened at $250.38, down 4.6%, while investors weigh strong AWS and AI growth against heavy infrastructure spending, return-on-capital concerns and insider selling under pre-arranged trading plans.

Fortitude Family Office LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 32.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,614 shares of the e-commerce giant's stock after buying an additional 2,584 shares during the quarter. Fortitude Family Office LLC's holdings in Amazon.com were worth $2,610,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMZN. Bank of America Corp DE acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $16,341,405,000. Legal & General Group Plc bought a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $6,631,466,000. Finally, Jupiter Topco LLC acquired a new position in Amazon.com during the 2nd quarter worth approximately $5,910,083,000. 72.20% of the stock is owned by institutional investors and hedge funds.

More Amazon.com News

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

• Positive Sentiment: Strong AWS and AI growth remain the central bull case. AWS is reportedly expanding at its fastest pace in 18 quarters, while Amazon’s custom Trainium chips are being made available to PyTorch developers. Analysts see cloud growth, advertising, operating leverage and AI infrastructure as potential drivers of substantial long-term upside. Amazon AI growth and upside analysis
• Positive Sentiment: Institutional and analyst support provided a counterpoint. Morgan Stanley named Amazon a top pick and raised its price target, while Citadel increased its Amazon position. Jefferies also said warehouse automation and Amazon’s logistics network could improve retail margins over time. Citadel Amazon stake and AI bubble article
• Positive Sentiment: Amazon continues to expand strategic growth opportunities. The company is involved in a proposed 960-megawatt nuclear project in Indiana, and data indicate it is gaining fresh-grocery market share from traditional supermarkets. Amazon nuclear energy project
• Neutral Sentiment: Third-quarter results are the immediate focus. Wall Street expects earnings growth, but investors are watching AWS growth, operating margins, free cash flow and management’s outlook for capital expenditures. The company’s recent spending plans reportedly approach $200 billion to $220 billion, making the earnings call particularly important. Amazon earnings preview
• Negative Sentiment: AI investment is raising return-on-capital concerns. Reports say some Nvidia-powered server racks purchased by Amazon are sitting idle because data centers lack sufficient electricity, while Amazon has also abandoned a planned Virginia data-center campus. Such developments could delay monetization of its massive infrastructure spending. Amazon Nvidia chips and data-center power report
• Negative Sentiment: Competitive, regulatory and labor risks remain overhangs. Debate over whether AI is in a bubble, Walmart’s more open approach to AI-agent commerce, a proposed bill targeting subsidies for large AI data centers, and renewed Teamsters pressure on delivery rules could increase uncertainty or costs. Amazon and Walmart AI-agent commerce article

Insider Activity

In related news, CEO Douglas J. Herrington sold 6,362 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares of the company's stock, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. UBS Group set a $200.00 price objective on shares of Amazon.com in a research note on Thursday, September 17th. Telsey Advisory Group set a $335.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Friday, July 31st. Wells Fargo & Company set a $329.00 price target on shares of Amazon.com and gave the stock an "overweight" rating in a report on Monday, October 12th. DA Davidson reiterated a "neutral" rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, July 31st. Finally, Bank of America increased their price target on Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.53.

Amazon.com Stock Down 4.6%

Shares of NASDAQ AMZN opened at $250.38 on Friday. The company has a 50 day simple moving average of $255.85 and a 200 day simple moving average of $253.33. 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 1 year low of $196.00 and a 1 year high of $287.20. The firm has a market cap of $2.70 trillion, a PE ratio of 20.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $197.03 billion. During the same period in the previous year, the firm posted $1.68 EPS. The company's revenue for the quarter was up 19.6% compared to the same quarter last year. On average, research analysts forecast that Amazon.com, Inc. will post 8.01 EPS for the current year.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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