Manhattan West Asset Management LLC Takes Position in Amazon.com, Inc. $AMZN

Key Points

• Manhattan West Asset Management acquired 89,321 Amazon shares worth approximately $21.3 million, making Amazon its fifth-largest holding and representing 3.6% of its portfolio.
• Amazon has strong institutional support, with 72.2% of shares institutionally owned. Analysts maintain a “Moderate Buy” consensus, with an average price target of $321.19.
• Amazon’s latest quarterly results exceeded expectations, reporting $5.75 in earnings per share and $200.61 billion in revenue, up 19.6% year over year; however, company insiders sold roughly $18.6 million of stock over the past 90 days.

Manhattan West Asset Management LLC acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 89,321 shares of the e-commerce giant's stock, valued at approximately $21,289,000. Amazon.com comprises about 3.6% of Manhattan West Asset Management LLC's holdings, making the stock its 5th largest holding.

Other large investors also recently bought and sold shares of the company. Laidlaw Wealth Management LLC purchased a new position in Amazon.com in the 2nd quarter worth about $762,000. Cauble & Harre Wealth Management Inc. purchased a new position in shares of Amazon.com during the second quarter valued at approximately $245,000. C M Bidwell & Associates Ltd. bought a new position in Amazon.com during the second quarter valued at approximately $918,000. Causey Wealth LLC bought a new position in Amazon.com during the second quarter valued at approximately $1,086,000. Finally, Keebeck Wealth Management purchased a new stake in Amazon.com in the second quarter worth approximately $12,477,000. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on AMZN shares. Wolfe Research reaffirmed an "outperform" rating and issued a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, August 3rd. Oppenheimer reaffirmed an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. Piper Sandler reiterated 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. Finally, Roth Capital reissued a "buy" rating and issued a $325.00 target price on shares of Amazon.com in a report on Monday, August 3rd. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $321.19.

Amazon.com Price Performance

NASDAQ AMZN opened at $251.19 on Friday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The stock has a market cap of $2.71 trillion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.91 and a beta of 1.44. The company's 50 day moving average is $255.93 and its two-hundred day moving average is $245.54. 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 posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The business 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 company's revenue was up 19.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share. As a group, research analysts anticipate that Amazon.com, Inc. will post 8.01 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 14,541 shares of the company's stock in a transaction 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 approximately $4,609,713.64. This represents a 44.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the sale, the chief financial officer owned 109,207 shares of the company's stock, valued at $28,427,674.17. The trade was a 5.35% 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 have sold 71,589 shares of company stock worth $18,568,785 in the last 90 days. Company insiders own 8.90% of the company's stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon agreed to purchase backup generators from Generac, with initial deliveries valued at approximately $2.4 billion in 2027 and 2028 and potential total payments of up to $8 billion through 2033. Amazon also received warrants to buy up to about 1.69 million Generac shares. The agreement underscores the scale of Amazon Web Services’ data-center expansion and its efforts to bypass strained power grids. Generac, Amazon strike $2.4 billion long-term generator supply deal
• Positive Sentiment: Amazon reportedly plans to expand same-day delivery hubs from 85 to more than 1,000 by 2031, potentially placing facilities within 10 miles of about 80% of U.S. Prime members. The investment could help narrow Walmart’s proximity advantage and support faster, higher-frequency purchases. Amazon's next move could reshape how America shops
• Positive Sentiment: Management indicated AWS has reached a $169 billion annualized revenue run rate, highlighting continued demand for AI and traditional cloud services. Recent quarterly revenue also grew nearly 20% year over year, reinforcing the growth thesis. Amazon's Andy Jassy Just Made a Startling Prediction
• Neutral Sentiment: Amazon-owned Zoox is poised to expand its Las Vegas robotaxi fleet after Nevada’s 100-vehicle regulatory cap expires, creating a longer-term transportation opportunity but also exposing the business to intensifying competition and regulatory execution risk. Amazon-owned Zoox's 100-robotaxi limit in Nevada is about to disappear
• Neutral Sentiment: Amazon joined calls for stronger AI safety testing and industry-government standards. The stance may reduce regulatory risk, although it could increase compliance requirements over time. Amazon Urges Industry and Government Partnership on AI Safeguards
• Negative Sentiment: A fatal Amazon cargo-plane crash in Miami has placed the company’s air-cargo network and logistics oversight under scrutiny, raising potential operational, legal and reputational risks. A Deadly Amazon Cargo Plane Crash in Miami Puts its Air Network Under Scrutiny
• Negative Sentiment: Two senators asked the FTC to investigate whether Amazon’s Alexa for Shopping suppresses U.S.-made products or fails to flag misleading “Made in USA” claims, adding regulatory and compliance uncertainty. Amazon, Walmart chatbots attract senator ire over made in USA label snags
• Negative Sentiment: Amazon’s $1-per-hour wage increase and new benefits improve labor competitiveness but raise operating costs. Separately, surging AI capital expenditures are weighing on free cash flow and increasing reliance on debt financing. Amazon raises minimum hourly pay by $1 to $20 for US operations workers

Amazon.com 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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