Evolve Private Wealth LLC Buys New Position in Amazon.com, Inc. $AMZN

Key Points

• Evolve Private Wealth LLC purchased 72,380 Amazon shares worth approximately $17.3 million in the second quarter, while institutional investors overall own 72.2% of the company.
• Amazon reported strong quarterly results, with EPS of $5.75 beating estimates of $1.82 and revenue rising 19.6% year over year to $200.61 billion.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $321.19, though concerns include heavy capital spending, regulatory scrutiny and recent insider selling.

Evolve Private Wealth LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 72,380 shares of the e-commerce giant's stock, valued at approximately $17,251,000. Amazon.com comprises approximately 1.1% of Evolve Private Wealth LLC's holdings, making the stock its 16th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Greenbrier Partners Capital Management LLC bought a new position in Amazon.com in the second quarter worth approximately $147,568,000. WealthShield Partners LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at $9,699,000. Farringdon Capital Ltd. bought a new stake in shares of Amazon.com during the 2nd quarter valued at $3,210,000. W1M Asset Management Ltd purchased a new stake in shares of Amazon.com in the 2nd quarter worth $576,103,000. Finally, Madison Wealth Partners Inc purchased a new stake in shares of Amazon.com in the 2nd quarter worth $5,772,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $253.71 on Friday. 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, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The business has a 50-day moving average price of $256.09 and a 200-day moving average price of $245.60. The firm has a market cap of $2.74 trillion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The company had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter last year, the company earned $1.68 EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AMZN shares. Wolfe Research reiterated an "outperform" rating and set a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Truist Financial upped their price target on Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Pivotal Research reaffirmed a "buy" rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. BMO Capital Markets reaffirmed an "outperform" rating and set a $360.00 price objective (up from $355.00) on shares of Amazon.com in a research report on Tuesday, July 28th. Finally, Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, August 3rd. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $321.19.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 1,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $254.77, for a total transaction of $254,770.00. Following the completion of the transaction, the chief executive officer directly owned 475,681 shares of the company's stock, valued at approximately $121,189,248.37. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This represents a 18.35% 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. Over the last 90 days, insiders sold 71,589 shares of company stock worth $18,568,785. Insiders own 8.90% of the company's stock.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon agreed to purchase up to $8 billion of backup generators from Generac, including approximately $2.4 billion of deliveries in 2027–2028. The deal should help Amazon bring AWS data centers online despite grid-connection delays and power shortages, while Amazon receives warrants to purchase Generac shares. Generac Plugs into Amazon for an $8B AI-Powered Deal
• Positive Sentiment: Analysts and investors continue to point to accelerating AWS demand, with reports citing a $169 billion annualized revenue run rate and a large cloud backlog. That supports expectations that AI-related infrastructure spending can translate into future sales, despite near-term cash-flow pressure. Amazon’s Andy Jassy Just Made a Startling Prediction
• Positive Sentiment: Project Mercury aims to expand Amazon’s same-day delivery network to more than 1,000 hubs by 2031. Bank of America called the initiative strategically important as Amazon attempts to narrow Walmart’s proximity and convenience advantage. Amazon’s secret weapon against Walmart could be a massive blitz in same-day delivery
• Positive Sentiment: AWS made its AI-powered hiring product, Amazon Connect Talent, generally available, expanding Amazon’s enterprise AI offerings beyond cloud infrastructure. Amazon has also received favorable attention from UBS analysts among top technology stock picks.
• Neutral Sentiment: Amazon is promoting industry and government cooperation on AI safety standards, emphasizing testing before release without calling for a broader slowdown in development. The stance may improve trust but is unlikely to materially change near-term results. Amazon Urges Industry and Government Partnership on AI Safeguards
• Negative Sentiment: Amazon faces European Commission scrutiny over marketplace rules that may restrict sellers from offering lower prices elsewhere, creating potential regulatory and compliance costs.
• Negative Sentiment: Investors remain concerned that roughly $220 billion of planned 2026 capital expenditures could keep free cash flow negative. Higher wages, delivery costs and possible electricity-grid charges for data centers add to the spending burden.
• Negative Sentiment: U.S. senators have urged the FTC to investigate Amazon’s AI shopping tools over alleged suppression of U.S.-made products and misleading “Made in USA” labels. The company also continues to face reputational and legal attention related to its Prime settlement.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon's websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

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