Kirtland Hills Capital Management LLC Invests $17.38 Million in Amazon.com, Inc. $AMZN

Key Points

• Kirtland Hills Capital Management initiated a $17.38 million Amazon position, buying 72,899 shares. Amazon now represents 4.9% of the firm’s portfolio and is its second-largest holding.
• Amazon reported quarterly earnings of $5.75 per share, far exceeding the $1.82 analyst consensus, while revenue rose 19.6% year over year to $200.61 billion.
• Institutional investors own 72.2% of Amazon, and analysts maintain a generally bullish view: 56 rate the stock a Buy, with a consensus price target of $321.19 versus a recent price near $253.71.

Kirtland Hills Capital Management LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 72,899 shares of the e-commerce giant's stock, valued at approximately $17,375,000. Amazon.com accounts for 4.9% of Kirtland Hills Capital Management LLC's investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $16,341,405,000. Invesco Ltd. increased its stake in shares of Amazon.com by 3.3% during the fourth quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock worth $13,757,993,000 after buying an additional 1,879,630 shares during the period. Amundi raised its holdings in Amazon.com by 14.1% in the first quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock valued at $12,787,883,000 after acquiring an additional 7,590,952 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Amazon.com by 23.0% in the first quarter. Dimensional Fund Advisors LP now owns 39,029,984 shares of the e-commerce giant's stock valued at $8,126,338,000 after acquiring an additional 7,305,560 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in Amazon.com by 1.5% in the fourth quarter. Fisher Asset Management LLC now owns 33,593,612 shares of the e-commerce giant's stock worth $7,754,078,000 after acquiring an additional 489,924 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.0%

NASDAQ:AMZN opened at $253.71 on Friday. The stock's 50 day moving average price is $256.09 and its 200 day moving average price is $245.60. The company has a market capitalization of $2.74 trillion, a PE ratio of 20.41, a P/E/G ratio of 1.97 and a beta of 1.44. 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 52-week low of $196.00 and a 52-week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 analysts' expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm's revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 earnings per share. On average, research analysts anticipate that Amazon.com, Inc. will post 8.01 EPS for the current year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 9,258 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their position. The transaction 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, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This represents a 0.89% 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. Over the last ninety days, insiders sold 71,589 shares of company stock worth $18,568,785. Corporate insiders own 8.90% of the company's stock.

Trending Headlines about Amazon.com

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.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Raymond James Financial reiterated an "outperform" rating and set a $390.00 price target (up from $280.00) on shares of Amazon.com in a report on Friday, July 31st. Piper Sandler reaffirmed an "overweight" rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Mizuho set a $330.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Bank of America boosted their target price on shares of Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $360.00 target price (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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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