Fortress Financial Group LLC Purchases New Shares in Amazon.com, Inc. $AMZN

Key Points

• Fortress Financial Group acquired 6,061 Amazon shares worth approximately $1.45 million in the second quarter, while institutional investors overall own 72.2% of the stock.
• Amazon reported quarterly EPS of $5.75 versus the $1.82 analyst consensus, with revenue of $200.61 billion—up 19.6% year over year and above estimates.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $321.19; however, company insiders sold about $18.6 million of stock during the last quarter.

Fortress Financial Group LLC acquired a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,061 shares of the e-commerce giant's stock, valued at approximately $1,445,000. Amazon.com makes up approximately 0.4% of Fortress Financial Group LLC's holdings, making the stock its 28th largest position.

A number of other large investors have also recently made changes to their positions in the business. Evolve Private Wealth LLC purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $17,251,000. Greenbrier Partners Capital Management LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $147,568,000. WealthShield Partners LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $9,699,000. Farringdon Capital Ltd. purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $3,210,000. Finally, W1M Asset Management Ltd bought a new position in shares of Amazon.com during the 2nd quarter valued at approximately $576,103,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

Shares of AMZN stock opened at $253.71 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The company's 50-day simple moving average is $256.09 and its two-hundred day simple moving average is $245.60. The company has a market capitalization of $2.74 trillion, a P/E ratio of 20.41, a P/E/G ratio of 1.97 and a beta of 1.44. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for 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%.The business's revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 8.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMZN shares. Citigroup reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Friday, August 14th. Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Wolfe Research reaffirmed an "outperform" rating and set a $315.00 price target on shares of Amazon.com in a research note on Friday, July 31st. Finally, Pivotal Research reiterated 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. Fifty-six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $321.19.

Insider Buying and Selling

In related news, CEO Matthew Garman sold 14,541 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares of the company's stock, valued at $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $254.77, for a total value of $254,770.00. Following the sale, the chief executive officer owned 475,681 shares of the company's stock, valued at approximately $121,189,248.37. This represents a 0.21% decrease in their position. 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 71,589 shares of company stock valued at $18,568,785 over the last quarter. 8.90% of the stock is owned by company insiders.

More Amazon.com News

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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