CGN Advisors LLC Increases Holdings in Amazon.com, Inc. $AMZN

Key Points

• CGN Advisors increased its Amazon stake by 10.7% in the second quarter, purchasing 4,119 additional shares and bringing its holdings to 42,468 shares worth approximately $10.1 million. Institutional investors collectively own 72.2% of Amazon.
• 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 the $1.82 consensus estimate. AWS growth and expanding AI infrastructure demand remain key bullish catalysts, although valuation and spending risks persist.
• Wall Street remains broadly optimistic: Amazon has a consensus “Moderate Buy” rating and an average price target of $322.56, while insiders have sold 62,650 shares worth $16.5 million over the past 90 days under pre-arranged trading plans.

CGN Advisors LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 10.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 42,468 shares of the e-commerce giant's stock after purchasing an additional 4,119 shares during the period. CGN Advisors LLC's holdings in Amazon.com were worth $10,122,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. MilWealth Group LLC grew its stake in Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after acquiring an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. purchased a new stake in Amazon.com in the 4th quarter worth approximately $45,000. Elkhorn Partners Limited Partnership boosted its holdings in Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after purchasing an additional 180 shares during the period. Fairway Wealth LLC boosted its holdings in Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. grew its position in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock valued at $53,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com News Summary

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

• Positive Sentiment: Institutional buying supports sentiment. Thrive Capital disclosed a roughly $215 million Amazon position, while Baupost Group added 625,100 shares and Dodge & Cox increased its holding by approximately 1.6 million shares. Thrive Capital discloses Amazon stake
• Positive Sentiment: AWS remains the central bullish catalyst. Commentary points to accelerating AWS growth for five consecutive quarters, a substantial backlog and customer demand extending into 2028. Amazon Web Services also became AppFolio’s preferred cloud provider, adding evidence of enterprise demand. AppFolio selects AWS
• Positive Sentiment: New growth opportunities are expanding. Amazon won a Space Force communications contract, while its AI infrastructure spending is helping drive demand for data-center and semiconductor suppliers. Analysts cited in recent coverage remain bullish on both Amazon and Alphabet. Amazon wins Space Force contract
• Neutral Sentiment: Valuation remains a debate. Amazon is viewed favorably versus some large-cap peers, but coverage notes that its forward earnings multiple is higher than its trailing multiple. That may reflect expected earnings growth, though it leaves less room for execution disappointments.
• Negative Sentiment: Retail data raised demand concerns. U.S. retail sales fell in July, with online spending declining after Amazon’s summer sales event. Higher fuel and operating costs may also pressure big-box retailers and consumer purchasing power. July retail sales decline
• Negative Sentiment: AI investment brings financial and execution risk. Amazon and other hyperscalers are issuing significant debt to fund infrastructure expansion, increasing concerns about returns on spending and potential pressure on future profits. Amazon’s lack of a dividend may also limit appeal for income-focused investors.
• Negative Sentiment: Twitch backlash adds reputational risk. Twitch’s decision to use livestream content for Amazon AI training, with the feature reportedly enabled automatically, has angered creators and could create privacy, regulatory and user-retention concerns. Twitch AI data-sharing backlash

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 9,270 shares of Amazon.com stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the transaction, the senior vice president directly owned 41,190 shares of the company's stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $278.39, for a total value of $278,390.00. Following the completion of the sale, the chief executive officer owned 483,527 shares of the company's stock, valued at $134,609,081.53. The trade was a 0.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 62,650 shares of company stock worth $16,535,457 in the last 90 days. 8.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMZN. Maxim Group increased their price objective on Amazon.com from $290.00 to $315.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Needham & Company LLC restated a "buy" rating and issued a $300.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Friday. Bank of America boosted their price objective on Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Scotiabank reiterated an "outperform" rating and set a $325.00 target price (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $322.56.

Amazon.com Price Performance

AMZN stock opened at $262.65 on Monday. 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, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The firm's fifty day moving average is $247.91 and its 200 day moving average is $238.66. The firm has a market cap of $2.83 trillion, a P/E ratio of 21.13, a P/E/G ratio of 1.75 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

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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