Jasper Ridge Partners L.P. Grows Holdings in Amazon.com, Inc. $AMZN

Key Points

• Jasper Ridge Partners increased its Amazon stake by 47.2% in the second quarter, owning 72,068 shares valued at approximately $17.2 million. Institutional investors collectively own 72.2% of Amazon’s shares.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds, an overall “Moderate Buy” consensus, and an average price target of $321.19. Amazon also exceeded quarterly expectations, reporting $5.75 in EPS and $200.61 billion in revenue, up 19.6% year over year.
• Amazon faces competing factors: AWS growth and AI demand support the long-term outlook, while cheaper AI models, potential regulatory scrutiny, legal challenges, and insider stock sales add pressure. The shares were recently trading at $246.15, down 1.4%.

Jasper Ridge Partners L.P. increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 47.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 72,068 shares of the e-commerce giant's stock after acquiring an additional 23,120 shares during the quarter. Amazon.com comprises about 0.4% of Jasper Ridge Partners L.P.'s portfolio, making the stock its 18th largest holding. Jasper Ridge Partners L.P.'s holdings in Amazon.com were worth $17,177,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in shares of Amazon.com during the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com in the second quarter worth about $16,341,405,000. Invesco Ltd. increased its holdings in shares of Amazon.com by 3.3% in the fourth quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock worth $13,757,993,000 after purchasing an additional 1,879,630 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Amazon.com in the second quarter worth about $12,831,376,000. Finally, Amundi lifted its position in shares of Amazon.com by 14.1% in the first quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock worth $12,787,883,000 after buying an additional 7,590,952 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMZN shares. Telsey Advisory Group set a $335.00 price target on Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. Mizuho set a $330.00 price objective on Amazon.com and gave the stock an "outperform" rating in a report on Friday, July 31st. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a report on Friday, August 14th. The Goldman Sachs Group reiterated a "buy" rating and set a $375.00 price objective (up from $335.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $321.19.

Amazon.com News Summary

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

• Positive Sentiment: Adobe expects U.S. consumers to spend approximately $10 billion during Amazon’s October Prime Day, contributing to a projected record $275 billion U.S. holiday shopping season. Higher online spending could support fourth-quarter sales, although aggressive retailer promotions may pressure margins. Amazon Has a $10 Billion Holiday Catalyst Coming in October
• Positive Sentiment: Analysts and investors continue to point to accelerating AWS growth, a large contracted backlog and rising AI-related cloud demand. Commentary that Amazon’s AI capital expenditures are beginning to generate returns supports the long-term bull case for AWS. I'd Buy Amazon Stock While It Sits 12% Below Its Record
• Positive Sentiment: Amazon is expanding its strategic footprint through robotics in India, low-carbon data-center infrastructure and its Leo satellite network. These initiatives could strengthen logistics, cloud infrastructure and future connectivity businesses, though they require substantial investment.
• Neutral Sentiment: Amazon’s comparison with Alibaba highlights that both companies are making major AI and cloud investments. The key differentiator for investors is whether AWS growth and profitability can justify Amazon’s spending pace.
• Negative Sentiment: Cheaper Anthropic Claude models are raising questions about AWS Bedrock pricing. Lower prices could reduce revenue per AI call, even if they stimulate greater usage and overall cloud consumption. Amazon Stock Falls as Cheaper Claude Tests Bedrock Elasticity
• Negative Sentiment: Senate Democrats are seeking information from Amazon and other technology companies about tax subsidies for AI and data-center development, creating potential regulatory and political uncertainty around future incentives. Sen. Warren Questions AI Tax Subsidies
• Negative Sentiment: A U.K. consumer lawsuit alleging that Apple and Amazon restricted competition in Apple-product sales was allowed to proceed in part, adding to Amazon’s legal and antitrust exposure. Apple and Amazon Face Revived UK Consumer Lawsuit

Insider Transactions at Amazon.com

In related news, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% 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 valued at $18,568,785 in the last ninety days. Corporate insiders own 8.90% of the company's stock.

Amazon.com Trading Down 1.4%

NASDAQ AMZN opened at $246.15 on Tuesday. The stock has a market cap of $2.66 trillion, a PE ratio of 19.80, a PEG ratio of 1.93 and a beta of 1.44. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company's 50-day moving average price is $256.31 and its 200-day moving average price is $247.42. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

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

About Amazon.com

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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