Evanson Financial LLC Invests $8 Million in Amazon.com, Inc. $AMZN

Key Points

• Evanson Financial LLC purchased 33,584 Amazon shares during the second quarter, valued at approximately $8 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon reported strong quarterly results, with $5.75 in earnings per share and $200.61 billion in revenue, while revenue increased 19.6% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $322.56.
• Amazon’s growth outlook is supported by AWS, AI initiatives and expanded data-center investment, but heavy AI capital spending, financing needs and regulatory risks could pressure free cash flow and increase execution challenges.

Evanson Financial LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 33,584 shares of the e-commerce giant's stock, valued at approximately $8,004,000.

A number of other hedge funds also recently bought and sold shares of the company. Trust Asset Management LLC lifted its holdings in shares of Amazon.com by 3.3% during the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after purchasing an additional 3,414 shares in the last quarter. MilWealth Group LLC increased its holdings in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after buying an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new stake in Amazon.com in the 4th quarter worth about $45,000. Elkhorn Partners Limited Partnership raised its position 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 worth $46,000 after buying an additional 180 shares during the last quarter. Finally, Fairway Wealth LLC raised its position in Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock worth $51,000 after buying an additional 108 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total transaction of $620,003.94. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at $31,427,876.40. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,370 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.39, for a total value of $1,671,424.30. Following the completion of the sale, the chief executive officer owned 486,527 shares in the company, valued at approximately $127,659,819.53. The trade was a 1.29% decrease in their ownership of the stock. 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. In the last quarter, insiders have sold 62,650 shares of company stock worth $16,535,457. 8.90% of the stock is currently owned by corporate insiders.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Bullish AWS outlook: Morgan Stanley reiterated its bullish view and said AWS could eventually become a $1 trillion annual-revenue business if Amazon successfully converts AI capacity into durable cloud demand. The firm maintained a $335 price target. Amazon's $500 Bull Case Puts AWS Under Massive Pressure
• Positive Sentiment: Expanded data-center investment: Amazon raised its planned Louisiana investment to approximately $18 billion and added a third campus. Securing power, water and transmission capacity could support AWS expansion and AI workloads, although it will increase near-term capital requirements. Amazon Raises Louisiana Investment To $18 Billion, Adds Third Data Center Campus
• Positive Sentiment: AI and retail initiatives: Amazon’s conversational shopping tools and AI-powered advertising are reported to be increasing product discovery, advertiser returns and retail volumes. These efforts could strengthen both e-commerce monetization and AWS demand. Amazon Thinks AI Is About to Change the Way We Shop
• Positive Sentiment: Institutional support and logistics expansion: Baupost, Coatue and Appaloosa added to Amazon positions, while Third Point’s 10% reduction appeared to be a modest rebalance rather than a full exit. Amazon also holds warrants representing about 12% of Einride, which is expanding its electric freight network with 500 Tesla Semi trucks. A Star Investor Just Trimmed Amazon
• Neutral Sentiment: Mixed hedge-fund signals: Q2 filings showed major investors making sharply different moves, including sizable purchases by Viking and Druckenmiller’s Duquesne alongside reductions by Bridgewater and others. The filings support interest in AMZN but do not establish a uniform institutional view. Amazon Sees Heavy Hedge Fund Activity in Q2
• Negative Sentiment: AI spending and financing concerns: Amazon is part of a broader hyperscaler borrowing surge to fund AI infrastructure, while analysts warn that elevated capital expenditures could depress free cash flow and raise depreciation expenses before returns are proven. Rival CoreWeave also highlights the risk that some high-margin AI workloads may bypass AWS.
• Negative Sentiment: Project and regulatory risks: A proposed $10 billion Houston data-center campus faces scrutiny over secrecy and tightening Texas rules. Separately, concerns about emissions from gas plants supporting AI data centers could increase regulatory and reputational pressure. Amazon’s $10B Houston Data Center Project Hits Snags

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AMZN shares. Monness Crespi & Hardt raised their target price on shares of Amazon.com from $315.00 to $330.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Pivotal Research reissued a "buy" rating and set a $333.00 price target (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. DZ Bank raised their price target on Amazon.com from $295.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. New Street Research lifted their price objective on Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $322.56.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $259.45 on Wednesday. The stock's 50-day simple moving average is $248.53 and its 200-day simple moving average is $238.89. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.87, a PEG ratio of 1.75 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 posted 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. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. During the same period last year, the company posted $1.68 earnings per share. Amazon.com's quarterly revenue was up 19.6% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal 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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