Amazon.com, Inc. $AMZN Stock Position Lowered by Edge Wealth Management LLC

Key Points

• Edge Wealth Management reduced its Amazon position by 10.4% in the third quarter, selling 2,211 shares and retaining 19,126 shares valued at approximately $4.79 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish, with 57 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $322.53. Recent targets were raised by Wedbush, Monness Crespi & Hardt, Rosenblatt Securities and Morgan Stanley.
• Amazon shares opened at $262.45, up 5.0%, while the company reported quarterly revenue growth of 19.6% and earnings well above estimates. Growth opportunities in AWS and AI infrastructure are counterbalanced by concerns over heavy capital spending, negative free cash flow and rising debt.

Edge Wealth Management LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 19,126 shares of the e-commerce giant's stock after selling 2,211 shares during the period. Amazon.com accounts for about 0.7% of Edge Wealth Management LLC's holdings, making the stock its 24th biggest holding. Edge Wealth Management LLC's holdings in Amazon.com were worth $4,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Trust Asset Management LLC lifted its stake in Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after buying an additional 3,414 shares during the last quarter. TOP Private Wealth LLC. acquired a new stake in shares of Amazon.com in the second quarter valued at approximately $29,000. Bard Associates Inc. purchased a new position in shares of Amazon.com during the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Amazon.com during the second quarter worth approximately $33,000. Finally, Atomic Invest LLC increased its holdings in shares of Amazon.com by 41.2% in the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after acquiring an additional 49 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Key Amazon.com News

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

• Positive Sentiment: Morgan Stanley names Amazon a top pick: The firm raised its price target to $350 from $335 and maintained an Overweight rating, citing an “under-appreciated” AWS growth runway. Morgan Stanley now expects AWS growth of approximately 47% in 2027, alongside potential gains from Bedrock, agentic AI, advertising, robotics and automated fulfillment. Amazon stock pops after Morgan Stanley details five catalysts
• Positive Sentiment: AWS makes Trainium easier to adopt: Amazon introduced TorchNeuron, a tool designed to let developers run existing PyTorch applications on its Trainium chips with minimal code changes. The software could reduce Nvidia’s CUDA-related ecosystem advantage, improve Trainium adoption and lower customer AI-computing costs. Amazon is taking its biggest shot at Nvidia with TorchNeuron
• Positive Sentiment: Long-term power strategy supports AI expansion: Amazon agreed to fund development of a proposed 960-megawatt Indiana nuclear plant and intends to purchase its electricity. The project could provide reliable power for expanding data-center capacity, although it remains subject to feasibility work and approvals. Amazon to fund 12 small nuclear reactors in Indiana
• Neutral Sentiment: Data-center supply chain activity: 3M expanded its commercial relationship with Amazon for data-center products, reportedly involving a multibillion-dollar opportunity. The agreement highlights continued infrastructure spending but does not appear to materially change Amazon’s near-term earnings outlook. 3M expands Amazon data center partnership
• Negative Sentiment: Capital intensity remains a risk: Commentary noted Amazon’s planned roughly $220 billion in annual capital expenditures, negative free cash flow and higher long-term debt. Investors will need evidence that AI spending translates into durable AWS revenue and margin expansion. Amazon’s AI data-center spending challenges

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMZN shares. 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. Oppenheimer reiterated an "outperform" rating on shares of Amazon.com in a research note on Friday, July 31st. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research report on Friday, August 14th. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Rosenblatt Securities lifted their price objective on shares of Amazon.com from $335.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. 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, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.53.

Amazon.com Trading Up 5.0%

NASDAQ AMZN opened at $262.45 on Tuesday. The stock has a market capitalization of $2.83 trillion, a P/E ratio of 21.11, a P/E/G ratio of 1.93 and a beta of 1.45. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The firm has a 50-day moving average price of $256.44 and a 200 day moving average price of $252.31. 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 quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter last year, the firm earned $1.68 earnings per share. The firm's revenue was up 19.6% compared to the same quarter last year. Equities research analysts expect that Amazon.com, Inc. will post 8.02 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 476,681 shares in the company, valued at approximately $123,465,145.81. This trade represents a 1.32% 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 quarter, insiders sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is currently owned by company insiders.

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.

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