Amazon.com, Inc. $AMZN Stock Sold by Carmignac Gestion

Key Points

• Carmignac Gestion cut its Amazon stake by 40.3% in the second quarter, selling 568,584 shares and retaining 841,266 shares worth approximately $200.5 million.
• Amazon reported strong quarterly results, with EPS of $5.75 versus the $1.82 consensus and revenue of $200.61 billion, up 19.6% year over year.
• Analysts maintain a generally positive outlook, with 56 Buy ratings, three Holds, and a consensus price target of $322.86; however, insiders sold $18.6 million of stock over the past three months.

Carmignac Gestion trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 40.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 841,266 shares of the e-commerce giant's stock after selling 568,584 shares during the period. Amazon.com comprises approximately 2.6% of Carmignac Gestion's investment portfolio, making the stock its 13th largest holding. Carmignac Gestion's holdings in Amazon.com were worth $200,525,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Auto Owners Insurance Co boosted its stake in Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after acquiring an additional 98,090,585 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $16,341,405,000. Amundi increased its stake in shares of Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Amazon.com by 3.3% in the 4th quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock worth $13,757,993,000 after purchasing an additional 1,879,630 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $259.92 on Thursday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The stock's 50-day simple moving average is $258.64 and its 200 day simple moving average is $249.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.98 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, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business 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 firm earned $1.68 EPS. The company's quarterly revenue was up 19.6% compared to the same quarter last year. Research analysts forecast that Amazon.com, Inc. will post 8.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 9,258 shares of the business'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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the company's stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock valued at $18,580,515 in the last three months. Insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. UBS Group set a $200.00 price target on Amazon.com in a research report on Thursday, September 17th. Benchmark increased their price target on Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Pivotal Research reissued a "buy" rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, August 3rd. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $322.86.

Amazon.com News Roundup

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

• Positive Sentiment: Analysts see AWS and Amazon’s AI services as major growth drivers. AWS sales reportedly rose 37% to $42.2 billion, while Amazon’s AI business surpassed a $25 billion annual revenue run rate. Analysts also view AI agents as potentially increasing commerce activity rather than undermining Amazon’s model. Amazon AI Boom
• Positive Sentiment: The FCC is preparing to vote on auctioning prime spectrum for satellite-to-smartphone services, a move that could benefit Amazon’s satellite ambitions and expand future connectivity opportunities. FCC Spectrum Auction
• Positive Sentiment: Prime Big Deal Days provides a near-term test of consumer demand and a potential boost to fourth-quarter retail sales. Amazon is also expanding Prime Video’s reach through a six-year global deal to stream the Emmy Awards free to viewers, supporting advertising and audience growth. Amazon Emmy Streaming Deal
• Positive Sentiment: ARK Invest reportedly purchased approximately $31 million of Amazon shares, adding a supportive institutional-investor signal. ARK Invest Buys Amazon
• Neutral Sentiment: A proposed structure involving roughly $8 billion of Nvidia chips could help Amazon finance AI infrastructure and preserve capital flexibility, but it also underscores the substantial cost and financing burden of the AWS expansion. Amazon Nvidia Chip Financing
• Negative Sentiment: Investors remain concerned that aggressive AI capital spending could pressure free cash flow before new data centers generate sufficient returns. Rising interest rates, power constraints and possible delays in infrastructure deployment add to the risk. Amazon Data Center Spending Risks
• Negative Sentiment: Prime Big Deal Days is occurring amid weak consumer confidence, creating uncertainty over the strength and profitability of promotional sales. Public attention to Amazon’s highly detailed customer profiles could also create privacy-related reputational risk. Amazon Customer Profiles

About Amazon.com

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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