Freestone Grove Partners LP Buys Shares of 331,415 Amazon.com, Inc. $AMZN

Key Points

• Freestone Grove Partners bought 331,415 Amazon shares worth approximately $79 million during the second quarter. Institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Amazon reported strong quarterly results, with $5.75 in EPS and $200.61 billion in revenue, representing 19.6% year-over-year growth. Analysts maintain a “Moderate Buy” consensus and an average price target of $321.19.
• Amazon executives sold shares under pre-arranged Rule 10b5-1 plans, including CEO Matthew Garman’s sale of 14,541 shares for about $3.77 million. Insiders have sold 71,589 shares worth approximately $18.6 million over the past 90 days.

Freestone Grove Partners LP purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 331,415 shares of the e-commerce giant's stock, valued at approximately $78,989,000.

A number of other hedge funds have also recently modified their holdings of AMZN. Caisse de depot et placement du Quebec purchased a new position in Amazon.com in the second quarter worth approximately $1,344,498,000. Gallagher Fiduciary Advisors LLC acquired a new position in shares of Amazon.com in the 2nd quarter valued at $2,092,000. Sculptor Capital LP acquired a new position in shares of Amazon.com in the 2nd quarter valued at $69,119,000. Advent International L.P. purchased a new position in shares of Amazon.com during the 2nd quarter worth $69,029,000. Finally, Pointe Capital Management LLC grew its holdings in shares of Amazon.com by 1.1% during the 2nd quarter. Pointe Capital Management LLC now owns 9,727 shares of the e-commerce giant's stock worth $2,318,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AI and cloud growth remain major potential catalysts. Amazon Web Services reportedly has a $496 billion backlog and a cloud operating margin near 39%, while the company launched agentic AI tools to automate listings, inventory management and other tasks for third-party sellers. These developments reinforce the investment case that AWS and AI can drive long-term earnings growth. Amazon rolls out new agentic AI for third-party sellers
• Positive Sentiment: Amazon is expanding higher-value advertising and commerce services. A deeper Best Buy Fire TV agreement will use Amazon Ads technology across Insignia televisions, potentially increasing connected-TV advertising revenue. Amazon also expanded its U.K. partnership with Affirm and its pickup network to nearly 30,000 locations, supporting customer convenience and transaction growth. Best Buy, Amazon Deepen Fire TV Alliance
• Neutral Sentiment: Anthropic’s potential $2 trillion IPO could benefit Amazon. Amazon is an Anthropic backer and could gain from the value of its investment and increased demand for AWS infrastructure, although the timing, valuation and eventual financial benefit remain uncertain. Alphabet vs. Amazon: Which Anthropic Backer Will Benefit More?
• Negative Sentiment: Amazon’s dispute with Meta over the Muse shopping agent creates strategic risk. Amazon blocked Meta’s rapidly adopted AI agent from accessing its marketplace, protecting control over customer data and checkout but potentially allowing rivals such as Shopify to capture agent-driven commerce. The standoff also raises questions about future rules for automated shopping. Meta's standoff with Amazon over Muse
• Negative Sentiment: Rising labor and delivery spending may weigh on margins. Amazon plans to invest $1.9 billion in its Delivery Service Partner program and is rehiring former employees for AI and cloud roles. Higher wages and staffing costs could pressure near-term profitability even if they support capacity and growth. Amazon puts another $1.9 billion into its delivery network
• Negative Sentiment: Sustainability execution is an investor concern. Amazon’s chief sustainability officer said the company does not yet know how it will achieve its 2040 net-zero carbon target, raising reputational and regulatory risks. Amazon's net-zero carbon challenge
• Negative Sentiment: Macro conditions amplified the selling pressure. Amazon was among the large technology stocks weighing on a weaker market as Treasury yields and oil prices rose, increasing valuation pressure on growth-oriented companies.

Insider Activity

In other Amazon.com news, CEO Matthew S. Garman sold 14,541 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer directly owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the transaction, the vice president owned 119,780 shares in the company, valued at approximately $31,024,217.80. This represents a 1.92% 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. Insiders have sold 71,589 shares of company stock worth $18,568,785 over the last 90 days. 8.90% of the stock is owned by corporate insiders.

Amazon.com Price Performance

Shares of AMZN opened at $249.27 on Thursday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The stock has a market cap of $2.69 trillion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.98 and a beta of 1.44. 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 firm has a fifty day moving average price of $256.35 and a 200 day moving average price of $246.69.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. The business had revenue of $200.61 billion for the quarter, compared to analysts' expectations 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 previous year, the firm earned $1.68 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 8.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMZN. Evercore set a $355.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, August 28th. DA Davidson reissued a "neutral" rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, July 31st. BMO Capital Markets restated an "outperform" rating and set a $360.00 target price (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Raymond James Financial reaffirmed an "outperform" rating and set a $390.00 target price (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Bank of America increased their target price on shares of Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating 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.com, Amazon.com has an average rating of "Moderate Buy" and an average target price of $321.19.

Amazon.com Company Profile

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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