Auxano Advisors LLC Makes New Investment in Amazon.com, Inc. $AMZN

Key Points

• Auxano Advisors LLC acquired 120,523 Amazon shares worth approximately $28.7 million in the second quarter, making Amazon its fifth-largest holding and about 5.4% of its portfolio. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon reported strong quarterly results, with revenue up 19.6% year over year to $200.61 billion and earnings of $5.75 per share, well above estimates. Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $323.26.
• AWS and artificial-intelligence expansion are key growth catalysts, but the company faces risks from heavy capital spending, increased debt, potential data-center tax changes and regulatory concerns surrounding Prime Air. Amazon insiders also sold 71,589 shares worth approximately $18.6 million during the quarter.

Auxano Advisors LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 120,523 shares of the e-commerce giant's stock, valued at approximately $28,725,000. Amazon.com makes up about 5.4% of Auxano Advisors LLC's portfolio, making the stock its 5th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMZN. Norges Bank bought a new position in Amazon.com in the fourth quarter worth $32,868,735,000. Auto Owners Insurance Co lifted its position in Amazon.com by 27,376.7% during 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 buying an additional 98,090,585 shares during the period. J. Stern & Co. LLP lifted its position in Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock valued at $20,308,193,000 after buying an additional 87,557,736 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com during the 2nd quarter valued at $16,341,405,000. Finally, Nuveen LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 9,258 shares of the 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 sale, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. This trade represents a 0.89% 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. In the last quarter, insiders have sold 71,589 shares of company stock valued at $18,568,785. 8.90% of the stock is currently owned by insiders.

Amazon.com News Roundup

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

• Positive Sentiment: AWS remains the primary bullish catalyst. Analysts and market commentators described AWS as the “heartbeat” of the AI trade, citing its fastest growth in 18 quarters and Amazon’s ability to combine cloud AI services with its large e-commerce ecosystem. AWS Cloud Heartbeat of AI Trade
• Positive Sentiment: A major Qualcomm partnership strengthens Amazon’s AI infrastructure position. Amazon could purchase as much as $60 billion of Qualcomm AI data-center chips and related products under a long-term agreement. The deal supports AWS capacity expansion and signals confidence in sustained AI demand, although it also implies substantial future capital spending. Qualcomm AI Ambitions Get a Boost From Amazon Partnership
• Positive Sentiment: Amazon’s AI products are gaining enterprise validation. Rivian used Amazon Bedrock to automate finance work and eliminate more than 15 days of manual effort per close cycle, offering a concrete example of potential Bedrock demand. Amazon also expanded its Quick AI assistant to mobile devices. Rivian’s AI Agents Cut 15 Days From Every Close
• Positive Sentiment: Prime Air is moving closer to broader UK drone deliveries. Amazon completed more than 500 flights during a UK trial and is seeking approval to expand service in Darlington. Successful deployment could improve delivery economics and support longer-term logistics automation. Amazon delivery drones set for UK expansion
• Neutral Sentiment: Amazon Pay India is considering travel insurance and other financial products, expanding its potential addressable market but providing limited near-term earnings impact. Amazon Pay plans to expand insurance offerings
• Negative Sentiment: Risks remain around costs, leverage, and operations. Amazon’s AI buildout requires heavy capital spending and new debt, while potential changes to Ohio data-center tax incentives could reduce project economics. Separately, a fatal accident involving an aircraft operating for Prime Air has increased regulatory and reputational risk. Amazon’s Aviation Network Faces a Sobering Test

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $256.78 on Friday. The stock has a market cap of $2.77 trillion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.98 and a beta of 1.44. The firm's 50-day moving average is $255.56 and its 200 day moving average is $244.13. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. Amazon.com's revenue was up 19.6% compared to the same quarter last year. During the same period last year, the business earned $1.68 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMZN. Zacks Research upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 4th. The Goldman Sachs Group reissued a "buy" rating and set a $375.00 price objective (up from $335.00) on shares of Amazon.com in a research note on Friday, July 31st. TD Cowen restated a "buy" rating and issued a $350.00 price objective (up from $340.00) on shares of Amazon.com in a report on Friday, July 31st. Citigroup restated a "market outperform" rating on shares of Amazon.com in a report on Friday, August 14th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $320.00 target price (down from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $323.26.

About Amazon.com

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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