Cidel Asset Management Inc. Purchases 57,144 Shares of Amazon.com, Inc. $AMZN

Key Points

• Cidel Asset Management increased its Amazon stake by 49.1% in the second quarter, purchasing 57,144 shares for a total position of 173,455 shares valued at approximately $39.6 million.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds; Amazon has a consensus “Moderate Buy” rating and an average price target of $322.86.
• Amazon reported stronger-than-expected quarterly results, including $5.75 in earnings per share and $200.61 billion in revenue, though insider share sales and concerns over heavy AI infrastructure spending present potential risks.

Cidel Asset Management Inc. lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 49.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 173,455 shares of the e-commerce giant's stock after purchasing an additional 57,144 shares during the quarter. Amazon.com comprises about 1.9% of Cidel Asset Management Inc.'s holdings, making the stock its 13th biggest holding. Cidel Asset Management Inc.'s holdings in Amazon.com were worth $39,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trust Asset Management LLC grew its stake in shares of Amazon.com by 3.3% in the 2nd 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. purchased a new stake in shares of Amazon.com during the 2nd quarter valued at approximately $29,000. Bard Associates Inc. acquired a new position in Amazon.com in the second quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC acquired a new position in Amazon.com in the second quarter valued at approximately $33,000. Finally, Lifetime Wealth Management P.C. purchased a new position in Amazon.com in the fourth quarter worth approximately $45,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Tigress Financial restated a "buy" rating and issued a $385.00 target price (up from $315.00) on shares of Amazon.com in a research report on Tuesday. Susquehanna reissued a "positive" rating on shares of Amazon.com in a research report on Tuesday. Pivotal Research restated a "buy" rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. TD Cowen reaffirmed a "buy" rating and issued a $350.00 target price on shares of Amazon.com in a research report on Monday. Finally, Truist Financial increased their target price on shares of Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.86.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Analysts remain broadly bullish on Amazon, citing accelerating AWS growth, expanding AI-services revenue and potential upside from advertising, logistics and other businesses. One report noted that 58 analysts cover the stock without a sell rating. 58 Analysts, Zero Sells: Amazon’s Price Target Is a Rare Consensus
• Positive Sentiment: Amazon launched three higher-priced Alexa-branded tablets running Android with Google Play access, positioning the devices against Apple and Samsung while expanding Alexa+ and AI monetization opportunities. Amazon launches first Android tablets, raising prices and incorporating Alexa
• Positive Sentiment: Amazon’s AWS pricing team is using an AI chatbot to automate complex customer-deal analysis, illustrating how the company is applying AI internally to improve productivity and potentially margins. AWS pricing team turns Excel model into an AI chatbot
• Neutral Sentiment: Amazon is adding two China-to-U.S. air-freight services, which could improve inventory replenishment and peak-season execution, although the financial impact was not disclosed. Amazon launches two new China-to-U.S. air freight options
• Negative Sentiment: Investors are concerned that planned 2026 capital spending of roughly $220 billion on AI infrastructure could push free cash flow further negative before the investments generate sufficient returns. Rising Treasury yields and oil prices are also pressuring technology valuations. Amazon stock hits rare valuation lows
• Negative Sentiment: Amazon confirmed another round of reductions affecting fewer than 1,000 employees, primarily in its Stores division. The cuts may support efficiency but also signal restructuring pressure in the core e-commerce business. Amazon makes fresh job cuts, mainly in retail division
• Negative Sentiment: Amazon is blocking external AI shopping agents such as Meta’s Muse from accessing its marketplace. Critics argue the policy could encourage startups to develop competing shopping platforms and weaken Amazon’s role in agent-driven commerce. Why Amazon is making a big AI mistake
• Negative Sentiment: An FTC lawsuit alleges Amazon overcharged advertisers by more than $20 billion, adding regulatory and potential financial risks to the company’s advertising business.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 9,258 shares of Amazon.com 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 owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, 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. In the last quarter, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by company insiders.

Amazon.com Price Performance

AMZN opened at $254.06 on Friday. The stock's 50-day moving average price is $259.01 and its 200 day moving average price is $249.79. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The firm has a market cap of $2.74 trillion, a price-to-earnings ratio of 20.44, a PEG ratio of 2.01 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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 company 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 revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 EPS. As a group, sell-side analysts expect that Amazon.com, Inc. will post 8.03 earnings per share for the current 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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