Amazon.com, Inc. $AMZN Stock Position Raised by Forvis Mazars Wealth Advisors LLC

Key Points

• Forvis Mazars Wealth Advisors increased its Amazon stake by 44.1% in the third quarter, adding 30,199 shares to hold 98,747 shares valued at approximately $24.6 million. Institutional investors own 72.2% of Amazon’s stock.
• Amazon reported quarterly revenue of $200.61 billion and EPS of $5.75, beating analyst estimates, while analysts maintain a “Moderate Buy” consensus with an average price target of $322.53.
• Amazon’s AI and data-center expansion is attracting optimism around AWS growth, Trainium adoption and long-term power supplies, but the company faces risks from roughly $220 billion in planned annual capital expenditures, negative free cash flow and insider stock sales.

Forvis Mazars Wealth Advisors LLC raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 44.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,747 shares of the e-commerce giant's stock after purchasing an additional 30,199 shares during the quarter. Forvis Mazars Wealth Advisors LLC's holdings in Amazon.com were worth $24,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Asset Management LLC lifted its stake in shares of 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 buying an additional 3,414 shares during the last quarter. TOP Private Wealth LLC. bought a new stake in shares of Amazon.com during the 2nd quarter worth about $29,000. Bard Associates Inc. bought a new stake in shares of Amazon.com during the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Amazon.com during the 2nd quarter worth about $33,000. Finally, Atomic Invest LLC grew its stake in 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 buying an additional 49 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Trending Headlines about Amazon.com

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

Insider Activity

In other news, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of Amazon.com stock in a transaction that occurred on 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 approximately $28,427,674.17. The trade was a 5.35% 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. Over the last 90 days, insiders have sold 71,589 shares of company stock worth $18,580,515. Insiders own 8.90% of the company's stock.

Amazon.com Price Performance

NASDAQ:AMZN opened at $262.45 on Tuesday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The firm has a market cap of $2.83 trillion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 1.93 and a beta of 1.45. The firm's 50-day simple moving average is $256.44 and its 200 day simple moving average is $252.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business's revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 EPS. As a group, sell-side analysts predict that Amazon.com, Inc. will post 8.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Oppenheimer reissued an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. HSBC restated a "buy" rating and set a $310.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Tigress Financial restated a "buy" rating and set a $385.00 price objective (up from $315.00) on shares of Amazon.com in a report on Tuesday, October 6th. Mizuho set a $330.00 target price on Amazon.com and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, Royal Bank Of Canada increased their target price on Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $322.53.

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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