Amundi Purchases 2,421,739 Shares of Amazon.com, Inc. $AMZN

Key Points

• Amundi increased its Amazon stake by 3.9% in the second quarter, acquiring 2.42 million shares and bringing its total holdings to 63.82 million shares worth approximately $15.2 billion. Amazon represents about 3.7% of Amundi’s portfolio.
• Amazon continues to expand its AI and infrastructure investments, including a planned $1.9 billion increase in its delivery-partner program and an agreement to purchase up to $8 billion in Generac power equipment for AWS data-center construction.
• Analyst sentiment remains positive, with 56 Buy ratings and a consensus target price of $321.19, although investors remain concerned about AI-related capital spending, possible AWS margin pressure and insider share sales under pre-arranged trading plans.

Amundi grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,822,242 shares of the e-commerce giant's stock after acquiring an additional 2,421,739 shares during the period. Amazon.com comprises about 3.7% of Amundi's investment portfolio, making the stock its 5th biggest holding. Amundi owned approximately 0.59% of Amazon.com worth $15,211,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Wellington Grp LLC lifted its stake in Amazon.com by 13.7% during the second quarter. Wellington Grp LLC now owns 17,977 shares of the e-commerce giant's stock worth $4,285,000 after purchasing an additional 2,171 shares during the last quarter. Affinity Wealth LLC bought a new stake in Amazon.com during the second quarter valued at $76,000. HighTower Advisors LLC raised its holdings in shares of Amazon.com by 4.7% during the second quarter. HighTower Advisors LLC now owns 6,013,605 shares of the e-commerce giant's stock worth $1,433,283,000 after purchasing an additional 267,639 shares during the period. Kirkwood Financial Services acquired a new stake in shares of Amazon.com during the second quarter worth $367,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Amazon.com in the 2nd quarter worth about $395,621,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com News Summary

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

• Positive Sentiment: Amazon announced an additional $1.9 billion investment in its Delivery Service Partner program for 2027. The spending is intended to raise delivery-driver pay, improve safety and expand AI-powered routing and delivery tools. Amazon says serious crashes have declined more than 23%, while Smart Delivery Glasses could help equip more than 20,000 drivers by 2027. Amazon delivery investment announcement
• Positive Sentiment: Amazon’s agreement to purchase up to $8 billion of Generac power equipment supports faster AWS data-center construction, including $2.4 billion of expected orders in 2027–2028. The deal reinforces the investment case for AWS and the broader AI infrastructure buildout. Amazon Generac supply agreement
• Positive Sentiment: UBS reportedly sees roughly 25% potential upside for Amazon, arguing that enterprise AI adoption remains in an early stage and should support demand for cloud services, chips and data-center infrastructure. UBS Amazon upside commentary
• Neutral Sentiment: Amazon blocked Meta’s Muse shopping agent, citing undisclosed access, failure to identify itself and concerns about credentials and platform rules. The move protects Amazon’s control over customer data and marketplace traffic, but highlights growing conflict over who controls agentic shopping. Amazon blocks Meta Muse
• Negative Sentiment: Investors continue to weigh risks from Amazon’s unusually large AI capital-spending program, including potential AWS margin pressure, rising financing needs and slower returns if AI demand does not keep pace. A recent analysis also warned that higher interest rates could weigh on capital-intensive technology stocks. Amazon capital spending analysis

Insider Activity

In other news, CEO Douglas J. Herrington sold 6,362 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 $1,647,821.62. Following the completion of the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. This trade represents a 1.32% 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 Matthew Garman sold 14,541 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This represents a 44.97% decrease in their position. 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. Insiders have sold 71,589 shares of company stock worth $18,568,785 in the last 90 days. 8.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AMZN has been the subject of several research reports. KeyCorp lifted 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. Sanford C. Bernstein reiterated an "outperform" rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a report on Friday, July 31st. UBS Group set a $200.00 target price on Amazon.com in a research note on Thursday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 target price on shares of Amazon.com in a report on Friday, July 31st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $321.19.

Amazon.com Trading Up 1.9%

NASDAQ:AMZN opened at $258.45 on Tuesday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The stock has a market cap of $2.79 trillion, a price-to-earnings ratio of 20.79, a PEG ratio of 1.97 and a beta of 1.44. The business has a fifty day moving average of $256.32 and a 200-day moving average of $246.21. 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, beating analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for 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 company's revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 8.01 earnings per share for the current year.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon's websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

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