Bullseye Investment Management LLC Buys 11,280 Shares of Amazon.com, Inc. $AMZN

Key Points

• Bullseye Investment Management purchased 11,280 Amazon shares worth approximately $2.69 million, making Amazon about 1.3% of its portfolio. Institutional investors and hedge funds collectively own 72.2% of the company.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $322.86. Goldman Sachs recently raised its target to $375.
• Amazon reported strong quarterly results, including $5.75 in adjusted earnings per share and $200.61 billion in revenue, while shares traded near $262. The company also faces risks from heavy AI infrastructure spending, regulatory scrutiny, and recent insider stock sales.

Bullseye Investment Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,280 shares of the e-commerce giant's stock, valued at approximately $2,688,000. Amazon.com makes up about 1.3% of Bullseye Investment Management LLC's portfolio, making the stock its 17th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trust Asset Management LLC lifted its stake in Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after buying an additional 3,414 shares during the period. TOP Private Wealth LLC. bought a new stake in shares of Amazon.com during the 2nd quarter worth approximately $29,000. Bard Associates Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC bought a new stake in Amazon.com during the 2nd quarter worth approximately $33,000. Finally, Lifetime Wealth Management P.C. bought a new position in Amazon.com during the fourth quarter worth $45,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AMZN. The Goldman Sachs Group reiterated a "buy" rating and set a $375.00 target price (up from $335.00) on shares of Amazon.com in a research note on Friday, July 31st. Rosenblatt Securities upped their price objective on Amazon.com from $335.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, September 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $360.00 price objective (up from $355.00) on shares of Amazon.com in a research note on Tuesday, July 28th. Truist Financial boosted their target price on Amazon.com from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, DA Davidson reissued a "neutral" rating and issued a $250.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have given 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 $322.86.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer 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. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the transaction, the chief executive officer directly owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. The trade was a 44.97% 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. Over the last ninety days, insiders sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is currently owned by insiders.

Amazon.com Trading Up 3.3%

Shares of AMZN opened at $262.43 on Friday. The firm's 50-day moving average is $258.83 and its two-hundred day moving average is $249.88. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.83 trillion, a P/E ratio of 21.11, a PEG ratio of 1.96 and a beta of 1.45.

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 the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. Amazon.com's quarterly revenue was up 19.6% on a year-over-year basis. During the same period last year, the business posted $1.68 EPS. On average, research analysts predict that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

About Amazon.com

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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