Amazon.com, Inc. $AMZN Stock Purchased by Wedmont Private Capital

Key Points

• Wedmont Private Capital increased its Amazon stake by 3.4% in the second quarter, bringing its holdings to 175,224 shares valued at approximately $43 million. Institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Amazon reported strong quarterly results, with revenue rising 19.6% year over year to $200.61 billion and earnings per share of $5.75, well above the $1.82 analyst consensus.
• Wall Street remains broadly optimistic: 56 analysts rate Amazon a Buy, three rate it a Hold, and the stock has a “Moderate Buy” consensus rating with an average price target of $321.63.

Wedmont Private Capital boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,224 shares of the e-commerce giant's stock after acquiring an additional 5,821 shares during the quarter. Amazon.com accounts for about 1.2% of Wedmont Private Capital's investment portfolio, making the stock its 15th largest holding. Wedmont Private Capital's holdings in Amazon.com were worth $42,990,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Kintra Wealth LLC grew its stake in Amazon.com by 11.7% during the 2nd quarter. Kintra Wealth LLC now owns 104,575 shares of the e-commerce giant's stock valued at $24,924,000 after acquiring an additional 10,969 shares in the last quarter. Endeavor Private Wealth Inc. lifted its position in shares of Amazon.com by 10.8% in the second quarter. Endeavor Private Wealth Inc. now owns 8,889 shares of the e-commerce giant's stock worth $2,119,000 after purchasing an additional 866 shares in the last quarter. POM Investment Strategies LLC boosted its holdings in shares of Amazon.com by 223.6% during the second quarter. POM Investment Strategies LLC now owns 1,220 shares of the e-commerce giant's stock worth $291,000 after purchasing an additional 843 shares during the period. Yarger Wealth Strategies LLC boosted its holdings in shares of Amazon.com by 2.3% during the second quarter. Yarger Wealth Strategies LLC now owns 30,713 shares of the e-commerce giant's stock worth $7,535,000 after purchasing an additional 697 shares during the period. Finally, Insight Inv LLC grew its position in Amazon.com by 0.5% during the second quarter. Insight Inv LLC now owns 17,673 shares of the e-commerce giant's stock valued at $4,212,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: TD Cowen reaffirmed its Buy rating and raised its price target to $350, implying substantial upside. Analysts and investment articles also point to AMZN’s roughly 20-times earnings valuation as historically low for the company. TD Cowen Reaffirms Buy Rating for Amazon
• Positive Sentiment: AWS is expanding its AI capabilities by hiring former Microsoft Copilot executive Pedram Rezaei to work on agentic AI, coding and workplace tools. AWS also says AI costs are falling rapidly, potentially broadening adoption and supporting future cloud demand. Amazon Hires Microsoft AI Leader
• Positive Sentiment: Amazon signed a multiyear, $1 billion-plus agreement with Synopsys to strengthen its custom-chip strategy. Developing its own chips could reduce reliance on Nvidia and improve AWS infrastructure economics over time. Amazon’s Chip Deal
• Positive Sentiment: Amazon is investing in data-center power and community support, including more than $3 billion tied to Maryland’s Calvert Cliffs nuclear plant and $1 billion for job training and energy-efficiency programs. These investments may ease local opposition and remove infrastructure constraints on AWS expansion. Amazon Data Center Community Investment
• Positive Sentiment: Prime Big Deal Days and holiday merchandising, including Amazon’s annual kids’ gift book, provide near-term catalysts for fourth-quarter retail sales. Amazon Prepares for Holiday Sales
• Neutral Sentiment: Amazon is reportedly considering moving approximately $8 billion of Nvidia chips into a special-purpose vehicle and leasing them back. The structure could improve capital flexibility, but it also highlights the scale and financing burden of AI infrastructure spending. Amazon Nvidia Chip Financing
• Negative Sentiment: Amazon blocks outside AI shopping agents while rivals are allowing greater access, raising concerns that agentic commerce could weaken Amazon’s direct relationship with shoppers or increase competitive pressure. AI Agents and Retailers
• Negative Sentiment: Investors remain concerned that AI infrastructure spending may require trillions of dollars in additional revenue to justify current industry investment. Data-center opposition, power shortages and uncertain returns could pressure margins and cash flow.
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan. The transaction was small relative to his remaining holdings and is not necessarily a signal of deteriorating confidence, but it may add modest headline pressure. SEC Filing

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMZN. Benchmark increased their target price on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. KeyCorp boosted their price target on shares of Amazon.com from $335.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Barclays reaffirmed an "overweight" rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Morgan Stanley reiterated an "overweight" rating and set a $335.00 price objective (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, DA Davidson restated a "neutral" rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $321.63.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $251.40 on Tuesday. The firm has a market capitalization of $2.71 trillion, a PE ratio of 20.23, a PEG ratio of 1.95 and a beta of 1.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm's fifty day simple moving average is $257.46 and its 200 day simple moving average is $248.76.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The business's revenue was up 19.6% on a year-over-year basis. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 8.01 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Matthew S. Garman sold 14,541 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 that occurred 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 sale, the senior vice president 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,580,515 in the last ninety days. Company insiders own 8.90% of the company's stock.

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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