Contravisory Investment Management Inc. Acquires 2,125 Shares of Amazon.com, Inc. $AMZN

Key Points

• Contravisory Investment Management increased its Amazon stake by 5.2% in the third quarter, adding 2,125 shares for a total of 43,208 shares valued at approximately $10.8 million. Institutional investors collectively own 72.2% of AMZN.
• Amazon reported quarterly revenue of $200.61 billion, up 19.6% year over year, and EPS of $5.75, far exceeding the $1.82 analyst consensus. Analysts maintain a “Moderate Buy” consensus with an average price target of $322.53.
• Investors are focused on AWS and AI-driven growth ahead of Amazon’s October 29 earnings report, while rising capital expenditures, a roughly $220 billion AI investment commitment, insider selling, and broader technology-sector pressure remain risks.

Contravisory Investment Management Inc. raised its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,208 shares of the e-commerce giant's stock after acquiring an additional 2,125 shares during the quarter. Amazon.com makes up about 1.4% of Contravisory Investment Management Inc.'s investment portfolio, making the stock its 18th biggest position. Contravisory Investment Management Inc.'s holdings in Amazon.com were worth $10,765,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AMZN. Red Crane Wealth Management LLC increased its holdings in shares of Amazon.com by 2.3% during the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant's stock valued at $346,000 after purchasing an additional 38 shares in the last quarter. Stegent Equity Advisors Inc. lifted its stake in shares of Amazon.com by 2.7% in the 3rd quarter. Stegent Equity Advisors Inc. now owns 1,462 shares of the e-commerce giant's stock valued at $364,000 after purchasing an additional 39 shares during the period. Robinson Smith Wealth Advisors LLC lifted its stake in shares of Amazon.com by 0.7% in the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant's stock valued at $1,147,000 after purchasing an additional 40 shares during the period. Sfam LLC boosted its holdings in Amazon.com by 3.4% during the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant's stock worth $255,000 after buying an additional 40 shares in the last quarter. Finally, Measured Risk Portfolios Inc. boosted its holdings in Amazon.com by 3.4% during the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant's stock worth $251,000 after buying an additional 40 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

AMZN opened at $250.00 on Monday. The firm's fifty day simple moving average is $256.75 and its two-hundred day simple moving average is $251.92. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a market cap of $2.70 trillion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.93 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 1.03 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 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $197.03 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. The company's quarterly revenue was up 19.6% on a year-over-year basis. Equities analysts anticipate that Amazon.com, Inc. will post 8.02 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CFO Brian Olsavsky sold 6,172 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the sale, the chief financial officer directly owned 109,207 shares in the company, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,580,515 in the last three months. 8.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Raymond James Financial restated an "outperform" rating and set a $390.00 price target (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. Barclays reiterated an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Weiss Ratings reissued a "buy (b)" rating on shares of Amazon.com in a research note on Monday, August 3rd. Finally, Roth Capital restated a "buy" rating and set a $325.00 target price on shares of Amazon.com in a research report on Monday, August 3rd. Fifty-six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $322.53.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS remains the central growth and profit driver. Amazon’s cloud business grew at its fastest pace in 18 quarters during the second quarter, and investors will focus closely on whether that momentum continued. Strong AWS growth could support a higher valuation. Amazon earnings outlook
• Positive Sentiment: Analysts continue to view Amazon as a major beneficiary of AI adoption through AWS, custom chips and related products. The company’s AI initiatives could improve future cash flow, while strong holiday e-commerce demand and a growing advertising business provide additional support. Amazon AI cash flow outlook
• Positive Sentiment: Amazon’s acquisition of Bee is expanding its consumer AI strategy. New Bee Frontier and Bee Eclipse devices, along with a paid software tier, give the company new opportunities in hardware, subscriptions and AI-assisted shopping. Amazon Bee AI devices
• Neutral Sentiment: Amazon has scheduled its third-quarter results and conference call for Oct. 29. The report is likely to be the next major catalyst, particularly for AWS growth, capital expenditures, operating margins and management’s AI investment outlook. Amazon earnings announcement
• Negative Sentiment: Broad technology stocks are under pressure as inflation concerns increase expectations for higher interest rates, prompting investors to favor value and dividend-paying sectors. That market-wide rotation is weighing on mega-cap technology names, including AMZN. Technology sector decline
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion AI commitment and rising capital expenditures may pressure near-term free cash flow. Capacity constraints and potentially falling AI-compute pricing add to doubts about the return on that spending.
• Negative Sentiment: Elon Musk’s proposal for an “X Shop” or “Grokazon” introduces a potential long-term competitive risk after Amazon blocked some AI shopping agents. The issue could encourage rivals to challenge Amazon’s position in agent-driven commerce. Potential Amazon rival

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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