Hurlow Wealth Management Group Inc. Acquires New Position in Amazon.com, Inc. $AMZN

Hurlow Wealth Management Group Inc. bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 4,827 shares of the e-commerce giant's stock, valued at approximately $1,151,000. Amazon.com makes up 0.2% of Hurlow Wealth Management Group Inc.'s investment portfolio, making the stock its 24th largest position.

Several other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in Amazon.com during the 4th quarter valued at approximately $32,868,735,000. Auto Owners Insurance Co lifted its stake in shares of Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after buying an additional 98,090,585 shares during the period. J. Stern & Co. LLP grew its holdings in shares of Amazon.com by 20,598.0% during the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock valued at $20,308,193,000 after buying an additional 87,557,736 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com during the second quarter valued at $16,341,405,000. Finally, Nuveen LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $11,674,091,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $256.78 on Monday. The firm has a market capitalization of $2.77 trillion, a P/E ratio of 20.66, a PEG ratio of 1.98 and a beta of 1.44. The stock has a 50-day simple moving average of $255.56 and a two-hundred day simple moving average of $244.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 firm 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 company's revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. On average, equities analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

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 sale, the chief executive officer owned 475,681 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 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 $5,180,200.00. Following the completion of the transaction, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. The trade was a 0.89% decrease in their position. 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. Over the last ninety days, insiders have sold 71,589 shares of company stock worth $18,568,785. 8.90% of the stock is currently owned by insiders.

More Amazon.com News

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

• Positive Sentiment: AWS remains the primary bullish catalyst. Analysts and market commentators described AWS as the “heartbeat” of the AI trade, citing its fastest growth in 18 quarters and Amazon’s ability to combine cloud AI services with its large e-commerce ecosystem. AWS Cloud Heartbeat of AI Trade
• Positive Sentiment: A major Qualcomm partnership strengthens Amazon’s AI infrastructure position. Amazon could purchase as much as $60 billion of Qualcomm AI data-center chips and related products under a long-term agreement. The deal supports AWS capacity expansion and signals confidence in sustained AI demand, although it also implies substantial future capital spending. Qualcomm AI Ambitions Get a Boost From Amazon Partnership
• Positive Sentiment: Amazon’s AI products are gaining enterprise validation. Rivian used Amazon Bedrock to automate finance work and eliminate more than 15 days of manual effort per close cycle, offering a concrete example of potential Bedrock demand. Amazon also expanded its Quick AI assistant to mobile devices. Rivian’s AI Agents Cut 15 Days From Every Close
• Positive Sentiment: Prime Air is moving closer to broader UK drone deliveries. Amazon completed more than 500 flights during a UK trial and is seeking approval to expand service in Darlington. Successful deployment could improve delivery economics and support longer-term logistics automation. Amazon delivery drones set for UK expansion
• Neutral Sentiment: Amazon Pay India is considering travel insurance and other financial products, expanding its potential addressable market but providing limited near-term earnings impact. Amazon Pay plans to expand insurance offerings
• Negative Sentiment: Risks remain around costs, leverage, and operations. Amazon’s AI buildout requires heavy capital spending and new debt, while potential changes to Ohio data-center tax incentives could reduce project economics. Separately, a fatal accident involving an aircraft operating for Prime Air has increased regulatory and reputational risk. Amazon’s Aviation Network Faces a Sobering Test

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wedbush raised their target price on Amazon.com from $293.00 to $310.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. DA Davidson reiterated a "neutral" rating and set a $250.00 price target on shares of Amazon.com in a research note on Friday, July 31st. HSBC reissued a "buy" rating and issued a $310.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Pivotal Research restated 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. Finally, Zacks Research raised Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. One 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's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $323.26.

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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