Amazon.com, Inc. $AMZN Stock Sold by Riverview Capital Advisers LLC

Key Points

• Riverview Capital Advisers cut its Amazon position by 5.9% in the second quarter, selling 6,723 shares and retaining 106,509 shares worth approximately $25.4 million. Amazon remains the firm’s largest holding at 7.3% of its portfolio, while institutional investors own 72.2% of the stock.
• Amazon reported strong quarterly results, with revenue rising 19.6% year over year to $200.61 billion and EPS of $5.75, far above the $1.82 consensus estimate. Analysts remain broadly bullish, with a “Moderate Buy” consensus rating and an average price target of $321.63.
• AWS and artificial intelligence are the primary growth catalysts, but rising AI infrastructure spending, potential regulatory action, data-center opposition and pressure on free cash flow present risks. Amazon CEOs also sold shares under pre-arranged Rule 10b5-1 trading plans during the quarter.

Riverview Capital Advisers LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,509 shares of the e-commerce giant's stock after selling 6,723 shares during the quarter. Amazon.com comprises approximately 7.3% of Riverview Capital Advisers LLC's portfolio, making the stock its biggest position. Riverview Capital Advisers LLC's holdings in Amazon.com were worth $25,385,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Silvant Capital Management LLC acquired a new position in Amazon.com during the 2nd quarter worth approximately $60,065,000. Public Employees Retirement System of Ohio purchased a new position in shares of Amazon.com in the second quarter valued at $909,868,000. Northstar Financial Companies Inc. purchased a new position in Amazon.com during the 2nd quarter valued at about $3,376,000. Gryphon Financial Partners LLC increased its stake in shares of Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after purchasing an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock worth $63,285,000 after buying an additional 5,104 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

More Amazon.com News

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

• Positive Sentiment: AWS data-center push received support: Amazon Web Services pledged more than $1 billion over five years for communities hosting its U.S. data centers, including job training, education and infrastructure initiatives. The investment is intended to ease resistance to new facilities and help Amazon secure capacity for AI workloads. Amazon to invest $1 billion over five years in US data center communities
• Positive Sentiment: AI and AWS growth remain the main bullish catalyst: Reports highlighted AWS’s rapid expansion, a more than $1 billion Synopsys agreement supporting custom-chip development, and Anthropic’s expected long-term AWS commitments of roughly $110 billion. Amazon also launched an AI agent that audits customers’ cloud environments, potentially increasing AWS usage while improving customer cost, security and performance management. Amazon Is Both Landlord And Shareholder In Anthropic’s Giant Cloud Bet
• Positive Sentiment: Analyst confidence provided additional support: Goldman Sachs added Amazon to its conviction list, while New Street raised its price target to $385 and maintained a Buy rating. Analysts cited AWS growth, generative AI exposure and potential retail-margin improvement as reasons for longer-term upside. New Street Adjusts Price Target on Amazon.com to $385
• Neutral Sentiment: Amazon is reportedly exploring an $8 billion chip sale-and-leaseback: Moving Nvidia AI chips to an investment vehicle could make the balance sheet more asset-light and help fund capital spending, but it also underscores the scale of Amazon’s AI infrastructure costs and financing requirements. Amazon seeks to offload $8 billion of Nvidia chips
• Negative Sentiment: Investors face profitability and regulatory risks: Analysts questioned how much AWS earnings are distorted by unrealized Anthropic investment gains, while surging AI capital expenditures could pressure free cash flow. Potential tougher EU cloud rules, data-center opposition, warehouse labor actions and Prime-related settlement payments add further uncertainty. What Are Amazon Investors Paying for AWS Without Investment Gains?

Amazon.com Stock Performance

Shares of AMZN opened at $251.52 on Monday. The stock has a 50-day moving average price of $257.06 and a 200 day moving average price of $248.51. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The company has a market capitalization of $2.71 trillion, a P/E ratio of 20.23, a P/E/G ratio of 1.95 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

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 (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 business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the prior year, the business posted $1.68 EPS. The company's revenue for the quarter was up 19.6% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Barclays reiterated an "overweight" rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $320.00 price objective (down from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Morgan Stanley reiterated an "overweight" rating and issued a $335.00 target price (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Robert W. Baird set a $310.00 target price on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Fifty-six 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 has an average rating of "Moderate Buy" and a consensus price target of $321.63.

Insider Activity at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,000 shares of the 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 $5,180,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 the stock in a transaction 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 transaction, the chief executive officer directly owned 476,681 shares of the company's stock, valued at approximately $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 70,589 shares of company stock valued at $18,329,015. Company insiders own 8.90% of the company's stock.

Amazon.com Company 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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