Assetmark Inc. Grows Holdings in Amazon.com, Inc. $AMZN

Key Points

• Assetmark Inc. increased its Amazon stake by 7.4% in Q3 to 1,675,628 shares valued at $367.9 million, making AMZN about 0.8% of Assetmark's portfolio and its 26th largest holding.
• Institutional investors own 72.20% of Amazon, with managers like ARK and Compagnie Lombard Odier adding exposure, and analysts overall rating the stock a "Moderate Buy" with an average target of $287.29.
• AWS AI initiatives (including a new healthcare platform and data‑center expansions) have increased bullish analyst sentiment, but outages, regional drone‑strike impacts, robotics layoffs and ongoing insider selling present operational and sentiment risks.

Assetmark Inc. grew its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,675,628 shares of the e-commerce giant's stock after acquiring an additional 115,883 shares during the period. Amazon.com comprises approximately 0.8% of Assetmark Inc.'s investment portfolio, making the stock its 26th biggest position. Assetmark Inc.'s holdings in Amazon.com were worth $367,918,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. American Capital Advisory LLC increased its position in shares of Amazon.com by 63.9% during the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock valued at $1,774,000 after acquiring an additional 3,152 shares during the last quarter. ARK Investment Management LLC boosted its position in shares of Amazon.com by 8.3% during the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant's stock worth $250,213,000 after purchasing an additional 86,978 shares during the period. Buckhead Capital Management LLC boosted its position in shares of Amazon.com by 16.1% during the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant's stock worth $6,232,000 after purchasing an additional 3,948 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in Amazon.com in the 3rd quarter valued at approximately $451,642,000. Finally, Alpha Wealth Funds LLC raised its position in Amazon.com by 172.8% in the second quarter. Alpha Wealth Funds LLC now owns 3,012 shares of the e-commerce giant's stock valued at $667,000 after purchasing an additional 1,908 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. Evercore decreased their target price on Amazon.com from $335.00 to $285.00 and set an "outperform" rating on the stock in a research note on Friday, February 27th. BMO Capital Markets reissued an "outperform" rating and set a $310.00 price target (up from $304.00) on shares of Amazon.com in a research report on Tuesday, February 3rd. New Street Research lowered their price objective on shares of Amazon.com from $350.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. Needham & Company LLC reiterated a "buy" rating and set a $265.00 target price on shares of Amazon.com in a report on Friday, February 6th. Finally, Maxim Group boosted their price target on shares of Amazon.com from $280.00 to $290.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $287.29.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $218.94 on Friday. The firm's fifty day simple moving average is $225.21 and its 200-day simple moving average is $227.33. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $258.60. The stock has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.63 and a beta of 1.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company's revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 EPS. As a group, equities analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Amazon.com News Roundup

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

• Positive Sentiment: AWS launched an AI‑enabled platform for healthcare (Amazon Connect Health), expanding addressable market and recurring cloud workloads for higher‑margin AWS services. Amazon launches AI-enabled platform to automate healthcare administrative tasks
• Positive Sentiment: Bank of America, TD Cowen and other analysts are reiterating bullish views tied to AWS’s AI positioning (Anthropic/OpenAI relationships), lifting medium‑term revenue expectations and price targets. ‘This Could Change the AWS Story,’ Says BofA about Amazon Stock
• Positive Sentiment: Active managers are adding exposure (ARK/other funds bought AMZN), signaling conviction that AI capex will sustain AWS growth. Institutional buys can support multiple‑month momentum. ARK Invest’s Latest Moves: Amazon (AMZN) In, Roku (ROKU) Out – March 2026 Trades
• Positive Sentiment: Tangible AWS capacity build: Amazon Data Services bought George Washington University’s Virginia campus for $427M, underscoring long‑term infrastructure expansion to support cloud/AI demand. Amazon (AMZN) Buys George Washington University’s Virginia Campus for $427 Million
• Neutral Sentiment: Amazon joined other tech firms in a White House “Ratepayer Protection Pledge” to cover AI data‑center power costs — clears a PR/political concern but is non‑binding and unlikely to change near‑term economics. Tech Giants Sign Ratepayer Protection Pledge On Power For Data Centers
• Negative Sentiment: Security & operational risk: AWS facilities in the UAE/Bahrain were hit or affected by drone strikes, causing structural damage and regional outages and highlighting geopolitical exposure for key cloud infrastructure. AWS Drone Strikes Test Amazon Cloud Resilience And Investor Risk Views
• Negative Sentiment: Customer‑facing outage: Amazon’s online store and app experienced outages for tens of thousands of users, raising concerns about reliability and potential short‑term revenue/PR impact. Amazon online store suffers outage for some users
• Negative Sentiment: Cost‑cutting signals: Amazon confirmed layoffs (~100 white‑collar roles) in its robotics unit — consistent with prior cuts and may slow product roadmaps or near‑term robotics revenue. Amazon cuts more jobs; this time in robotics unit
• Negative Sentiment: Insider selling (small CEO sale disclosed) continues to show up in filings; while amounts are modest relative to market cap, persistent sales can weigh on sentiment. SEC Form 4 — insider sale disclosure

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the transaction, the chief executive officer owned 2,238,118 shares in the company, valued at $459,217,051.24. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 10,649 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the sale, the senior vice president owned 41,190 shares of the company's stock, valued at $8,461,661.70. This trade represents a 20.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 71,686 shares of company stock valued at $14,688,739. 9.70% of the stock is owned by company insiders.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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