Amazon.com, Inc. $AMZN Stock Sold by Denali Advisors LLC

Key Points

• Denali Advisors reduced its Amazon stake by 15.6% in the second quarter, selling 12,698 shares and retaining 68,888 shares valued at approximately $16.4 million. Institutional investors collectively own 72.2% of Amazon.
• Amazon reported stronger-than-expected quarterly results, with $5.75 in EPS and $200.61 billion in revenue, up 19.6% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $321.19.
• Amazon faces mixed catalysts: anticipated Prime Day and holiday spending, AWS and AI growth, and strategic expansion support the outlook, while cheaper AI pricing, regulatory scrutiny and legal challenges present risks.

Denali Advisors LLC cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 15.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,888 shares of the e-commerce giant's stock after selling 12,698 shares during the quarter. Amazon.com accounts for about 1.7% of Denali Advisors LLC's investment portfolio, making the stock its 5th largest holding. Denali Advisors LLC's holdings in Amazon.com were worth $16,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in AMZN. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com in the second quarter worth about $16,341,405,000. Invesco Ltd. raised its position in Amazon.com by 3.3% during the 4th quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock valued at $13,757,993,000 after purchasing an additional 1,879,630 shares during the last quarter. Amundi lifted its holdings in Amazon.com by 14.1% in the 1st quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock worth $12,787,883,000 after buying an additional 7,590,952 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Amazon.com by 23.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 39,029,984 shares of the e-commerce giant's stock worth $8,126,338,000 after buying an additional 7,305,560 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Amazon.com by 1.5% in the 4th quarter. Fisher Asset Management LLC now owns 33,593,612 shares of the e-commerce giant's stock worth $7,754,078,000 after buying an additional 489,924 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 1,000 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $254.77, for a total value of $254,770.00. Following the transaction, the chief executive officer owned 475,681 shares of the company's stock, valued at $121,189,248.37. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% 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 $18,568,785 in the last quarter. Insiders own 8.90% of the company's stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Adobe expects U.S. consumers to spend approximately $10 billion during Amazon’s October Prime Day, contributing to a projected record $275 billion U.S. holiday shopping season. Higher online spending could support fourth-quarter sales, although aggressive retailer promotions may pressure margins. Amazon Has a $10 Billion Holiday Catalyst Coming in October
• Positive Sentiment: Analysts and investors continue to point to accelerating AWS growth, a large contracted backlog and rising AI-related cloud demand. Commentary that Amazon’s AI capital expenditures are beginning to generate returns supports the long-term bull case for AWS. I'd Buy Amazon Stock While It Sits 12% Below Its Record
• Positive Sentiment: Amazon is expanding its strategic footprint through robotics in India, low-carbon data-center infrastructure and its Leo satellite network. These initiatives could strengthen logistics, cloud infrastructure and future connectivity businesses, though they require substantial investment.
• Neutral Sentiment: Amazon’s comparison with Alibaba highlights that both companies are making major AI and cloud investments. The key differentiator for investors is whether AWS growth and profitability can justify Amazon’s spending pace.
• Negative Sentiment: Cheaper Anthropic Claude models are raising questions about AWS Bedrock pricing. Lower prices could reduce revenue per AI call, even if they stimulate greater usage and overall cloud consumption. Amazon Stock Falls as Cheaper Claude Tests Bedrock Elasticity
• Negative Sentiment: Senate Democrats are seeking information from Amazon and other technology companies about tax subsidies for AI and data-center development, creating potential regulatory and political uncertainty around future incentives. Sen. Warren Questions AI Tax Subsidies
• Negative Sentiment: A U.K. consumer lawsuit alleging that Apple and Amazon restricted competition in Apple-product sales was allowed to proceed in part, adding to Amazon’s legal and antitrust exposure. Apple and Amazon Face Revived UK Consumer Lawsuit

Amazon.com Stock Down 1.4%

Shares of Amazon.com stock opened at $246.15 on Tuesday. The stock has a market capitalization of $2.66 trillion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.44. 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, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a 50-day simple moving average of $256.31 and a two-hundred day simple moving average of $247.42.

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 analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com's revenue was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMZN shares. Wolfe Research reissued an "outperform" rating and set a $315.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amazon.com in a research note on Monday, August 3rd. Raymond James Financial reiterated an "outperform" rating and issued a $390.00 price target (up from $280.00) on shares of Amazon.com in a report on Friday, July 31st. Sanford C. Bernstein reissued an "outperform" rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $375.00 price objective (up from $335.00) on shares of Amazon.com in a report on Friday, July 31st. Fifty-six research 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $321.19.

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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