Amazon.com, Inc. $AMZN Stock: Forum Financial Management LP Raises Position

Key Points

• Forum Financial Management LP increased its Amazon position by 3.7% in the third quarter to 56,694 shares valued at approximately $14.1 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish, with 57 Buy ratings and three Holds; Amazon has a “Moderate Buy” consensus rating and a $325.12 average price target.
• AWS and AI demand are key potential catalysts, but heavy data-center spending, pressure on free cash flow, and cost challenges in lower-margin businesses remain significant risks. Recent insider sales totaled about $18.6 million over three months.

Forum Financial Management LP boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,694 shares of the e-commerce giant's stock after acquiring an additional 2,037 shares during the period. Forum Financial Management LP's holdings in Amazon.com were worth $14,125,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kintegral Advisory LLC lifted its holdings in shares of Amazon.com by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 71,091 shares of the e-commerce giant's stock valued at $17,712,000 after purchasing an additional 401 shares during the last quarter. AWM Capital LLC grew its stake in Amazon.com by 19.8% during the 3rd quarter. AWM Capital LLC now owns 9,880 shares of the e-commerce giant's stock worth $2,462,000 after buying an additional 1,634 shares during the last quarter. New England Research & Management Inc. increased its position in Amazon.com by 1.0% during the third quarter. New England Research & Management Inc. now owns 17,256 shares of the e-commerce giant's stock worth $4,299,000 after buying an additional 177 shares during the period. Intergy Private Wealth LLC increased its position in Amazon.com by 32.4% during the third quarter. Intergy Private Wealth LLC now owns 7,562 shares of the e-commerce giant's stock worth $1,884,000 after buying an additional 1,850 shares during the period. Finally, Avail Investment Partners LLC lifted its stake in Amazon.com by 19.0% in the third quarter. Avail Investment Partners LLC now owns 7,117 shares of the e-commerce giant's stock valued at $1,773,000 after buying an additional 1,136 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the transaction, the senior vice president directly owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the business's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares in the company, valued at approximately $4,609,713.64. The trade was a 44.97% 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. Over the last three months, insiders have sold 71,589 shares of company stock worth $18,580,515. Corporate insiders own 8.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Yorkville Ives assumed coverage on Amazon.com in a report on Monday, October 19th. They issued an "outperform" rating and a $300.00 price objective for the company. UBS Group reaffirmed a "buy" rating and issued a $348.00 target price (up from $318.00) on shares of Amazon.com in a report on Monday. Benchmark upped their price target on shares of Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Bank of America raised their price objective on shares of Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Morgan Stanley restated an "overweight" rating and issued a $350.00 price objective (up from $335.00) on shares of Amazon.com in a research note on Monday, October 19th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $325.12.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS growth is the central bullish factor. Analysts expect Amazon Web Services to benefit from strong AI-related demand, with 2027 cloud capacity reportedly largely sold out. Wall Street estimates and several analysts’ price targets imply meaningful upside if AWS growth and margins exceed expectations. Amazon Q3 Earnings Preview: AWS Growth Takes Center Stage
• Positive Sentiment: Anthropic’s IPO filing reinforces Amazon’s AI infrastructure opportunity. Anthropic disclosed approximately $110 billion in non-cancelable cloud commitments with Amazon, providing substantial long-term revenue visibility for AWS. Amazon’s equity stake in Anthropic could also benefit from a higher public valuation, although related gains may be largely non-cash. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: The FCC approved Amazon Leo’s $11.57 billion acquisition of Globalstar. The approval removes a regulatory hurdle and advances Amazon’s satellite-connectivity ambitions, though the deal will require significant investment. US agency approves Amazon Leo's acquisition of Globalstar
• Neutral Sentiment: Earnings expectations are elevated. Investors will focus on AWS revenue growth, operating margins, advertising, free cash flow and management’s capital-expenditure outlook after Thursday’s closing bell.
• Neutral Sentiment: Amazon is refining its internal AI strategy. New guidance tells engineers to measure business results rather than token usage or raw code generation, potentially improving productivity and controlling AI costs, but offering limited immediate financial impact. Amazon's anti-tokenmaxxing memo
• Negative Sentiment: Heavy AI infrastructure spending remains the main risk. Massive data-center investment is expected to weigh on free cash flow and profitability more heavily than at some peers, while investors question whether AWS growth will justify the spending.
• Negative Sentiment: Cost pressures could affect lower-margin businesses. Rising memory prices have forced difficult pricing and profitability trade-offs for Amazon’s devices unit, while AI-related restructuring and potential technology-sector layoffs add reputational and execution concerns.

Amazon.com Trading Up 1.6%

NASDAQ AMZN opened at $253.10 on Wednesday. The business's 50 day moving average is $255.21 and its two-hundred day moving average is $243.10. The stock has a market capitalization of $2.73 trillion, a price-to-earnings ratio of 20.36 and a beta of 1.45. 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 issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the previous year, the company posted $1.68 earnings per share. The company's quarterly revenue was up 19.6% compared to the same quarter last year. Equities analysts forecast that Amazon.com, Inc. will post 7.55 earnings per share for the current fiscal year.

About Amazon.com

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.