Focus Financial Network Inc. Sells 8,432 Shares of Amazon.com, Inc. $AMZN

Key Points

• Focus Financial Network reduced its Amazon stake by 2.7% in the second quarter, selling 8,432 shares and retaining 298,452 shares valued at approximately $71.1 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon reported quarterly EPS of $5.75, well above the $1.82 analyst estimate, while revenue rose 19.6% year over year to $200.61 billion. Analysts expect full-year EPS of approximately $8.05.
• Analyst sentiment remains strongly positive, with 57 analysts issuing Buy or Strong Buy ratings and a consensus target price of about $322.39, compared with the reported opening price of $258.63.

Focus Financial Network Inc. decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 298,452 shares of the e-commerce giant's stock after selling 8,432 shares during the quarter. Amazon.com accounts for approximately 2.2% of Focus Financial Network Inc.'s investment portfolio, making the stock its 6th biggest holding. Focus Financial Network Inc.'s holdings in Amazon.com were worth $71,133,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Trust Asset Management LLC lifted its position 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 worth $26,000 after acquiring an additional 3,414 shares in the last quarter. MilWealth Group LLC grew its position in shares of Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after purchasing an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new stake in shares of Amazon.com during the 4th quarter valued at $45,000. Elkhorn Partners Limited Partnership raised its stake in shares of Amazon.com by 900.0% during 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. Finally, Fairway Wealth LLC lifted its holdings in Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $258.63 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 $249.86 and a 200-day moving average price of $239.34. The firm has a market cap of $2.79 trillion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 1.73 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 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $197.03 billion. During the same period in the previous year, the firm earned $1.68 EPS. The firm's revenue was up 19.6% compared to the same quarter last year. As a group, equities research analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. BNP Paribas Exane lifted their target price on Amazon.com from $320.00 to $345.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. HSBC reaffirmed a "buy" rating and set a $310.00 target price on shares of Amazon.com in a report on Friday, July 31st. Piper Sandler reissued an "overweight" rating and issued a $320.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. 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 company's stock. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $322.39.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,741 shares of the firm's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $262.76, for a total transaction of $982,985.16. Following the completion of the transaction, the chief executive officer directly owned 467,138 shares of the company's stock, valued at approximately $122,745,180.88. This trade represents a 0.79% 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. Insiders have sold a total of 6,741 shares of company stock worth $1,767,335 in the last three months. 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: AI and AWS remain the main bullish catalysts: Amazon is part of a group of major technology companies expected to spend approximately $615 billion on AI infrastructure this year. AWS growth, a reported $496 billion backlog and an AI annualized revenue run rate above $25 billion reinforce the view that Amazon’s capital spending could translate into stronger long-term cloud revenue. AI infrastructure spending article
• Positive Sentiment: Analyst support is strong: Rosenblatt initiated coverage with a Buy rating and a $335 price target. The broader analyst consensus remains Moderately Buy, with an average target of about $322.56, suggesting substantial potential upside if AWS growth and margins improve. Rosenblatt coverage report
• Positive Sentiment: New growth initiatives could expand Amazon’s ecosystem: Prime Video plans to invest more than $2 billion in Latin America from 2027 through 2030, while the company is targeting drone delivery in nearly 500 U.S. cities and towns. Amazon also selected Austin for a multibillion-dollar robotics facility expected to create up to 500 jobs. Prime Video Latin America investment
• Neutral Sentiment: Anthropic investment offers both strategic value and valuation uncertainty: Amazon’s stake in the AI startup could become highly valuable if reported IPO valuations hold, and Anthropic supports AWS demand. However, some analysts question whether the private company’s potential valuation is justified by its current revenue and cash generation. Anthropic valuation analysis
• Negative Sentiment: Investors are concerned about spending and near-term returns: The $2 billion Prime Video expansion adds to Amazon’s investment burden, while the market is focusing more on underlying cash generation than gains related to the rising value of Anthropic. Amazon Prime Video investment analysis
• Negative Sentiment: Competitive and execution risks remain: SpaceX’s Starlink has more than 11,000 satellites compared with Amazon Leo’s fewer than 1,000, highlighting a significant gap in the satellite broadband race. Drone deliveries also face regulatory, noise, safety and reliability hurdles, including recent delivery mishaps. Starlink and Amazon Leo comparison

About Amazon.com

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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