Bridger Management LLC Buys New Holdings in Amazon.com, Inc. $AMZN

Key Points

• Bridger Management LLC acquired 62,771 Amazon shares worth approximately $15.0 million in the second quarter, making AMZN about 10% of its portfolio and its second-largest holding.
• Amazon received broadly bullish analyst coverage, with 56 Buy ratings and three Holds; the consensus price target is $321.19, while several firms recently raised their targets.
• Amazon reported strong quarterly results, including $5.75 in EPS and $200.61 billion in revenue, up 19.6% year over year. However, insiders sold 71,589 shares worth $18.6 million over the past three months, and investors remain concerned about the scale and monetization of AI-related spending.

Bridger Management LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 62,771 shares of the e-commerce giant's stock, valued at approximately $14,961,000. Amazon.com accounts for about 10.0% of Bridger Management LLC's portfolio, making the stock its 2nd largest position.

Several other large investors have also made changes to their positions in the company. Glenview Trust Co bought a new position in Amazon.com in the second quarter valued at approximately $165,244,000. North Star Asset Management Inc. acquired a new position in Amazon.com during the second quarter valued at approximately $53,182,000. Concorde Asset Management LLC bought a new stake in Amazon.com during the second quarter worth $993,000. Comprehensive Money Management Services LLC bought a new stake in Amazon.com during the second quarter worth $717,000. Finally, Maxele Advisors LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $1,959,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Wells Fargo & Company reiterated an "overweight" rating and issued a $338.00 price target (up from $328.00) on shares of Amazon.com in a research note on Thursday, September 3rd. Royal Bank Of Canada upped their price objective on Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Barclays reaffirmed an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $325.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $321.19.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares of the company's stock, valued at $28,427,674.17. The trade was a 5.35% 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 a total of 71,589 shares of company stock valued at $18,568,785 over the last three months. Insiders own 8.90% of the company's stock.

Amazon.com News Roundup

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

• Positive Sentiment: AWS and AI infrastructure remain the central bullish case. Analysts and commentators argue that Amazon’s roughly $200 billion 2026 capital-expenditure plan reflects substantial demand for AWS computing, custom chips and AI capacity. Amazon is also reportedly preparing to receive approximately $2.4 billion in backup-generator orders from Generac in 2027 and 2028, underscoring the scale of its data-center expansion. Amazon AI capital expenditures article Generac data-center orders article
• Positive Sentiment: Expansion of merchant services could broaden revenue beyond Amazon.com. New tools let sellers manage listings, inventory and orders across channels including Walmart, Shopify, TikTok and eBay. Amazon is also extending Prime delivery and fulfillment services to merchants’ own websites, potentially increasing third-party logistics revenue and seller dependence on its ecosystem. Amazon merchant services article
• Neutral Sentiment: Anthropic remains strategically important, but its infrastructure is becoming more diversified. Anthropic committed about $11.6 billion to an Akamai CPU agreement, which can be viewed as a setback for AWS. However, Amazon retains a major equity stake and an ongoing AWS relationship, limiting the immediate financial impact. Anthropic Akamai agreement article
• Negative Sentiment: Investors remain concerned that AI spending may outpace monetization. Goldman Sachs estimates hyperscalers may need roughly $300 billion in additional AI revenue to justify their investments, while Michael Burry and Jefferies’ Chris Wood have warned of leverage, overcapacity and potential write-offs. Those concerns could pressure AMZN’s valuation despite strong AWS demand. Goldman Sachs AI spending article
• Negative Sentiment: Amazon’s $3 billion India quick-commerce investment adds near-term cost and execution risk while the company attempts to catch rivals with a relatively small market share. The decision to block Meta’s Muse shopping agent also risks diverting AI-driven purchases toward Shopify and other platforms. Amazon India investment article

Amazon.com Trading Up 0.1%

Shares of AMZN stock opened at $249.67 on Friday. The firm has a market capitalization of $2.69 trillion, a P/E ratio of 20.09, a P/E/G ratio of 1.93 and a beta of 1.44. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock's fifty day simple moving average is $256.39 and its 200 day simple moving average is $246.96.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same period last year, the company earned $1.68 earnings per share. The business's quarterly revenue was up 19.6% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

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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