Nellore Capital Management LLC Acquires 10,000 Shares of Amazon.com, Inc. $AMZN

Key Points

• Nellore Capital Management increased its Amazon holdings by 10,000 shares in the second quarter, bringing its position to 1.091 million shares worth approximately $260 million. Amazon represents 28.9% of the fund’s portfolio, while institutions overall own 72.2% of the stock.
• Amazon reported strong quarterly results, with revenue rising 19.6% year over year to $200.61 billion and EPS of $5.75, well above the $1.82 consensus estimate. Analysts maintain a “Moderate Buy” consensus and an average price target of $321.63.
• AI and cloud expansion remain major growth drivers, supported by large AWS agreements and planned data-center investments, but investors remain concerned about Amazon’s projected capital spending, potential free-cash-flow pressure, regulatory risks, and competition from AI shopping agents.

Nellore Capital Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,091,000 shares of the e-commerce giant's stock after purchasing an additional 10,000 shares during the period. Amazon.com makes up 28.9% of Nellore Capital Management LLC's investment portfolio, making the stock its largest position. Nellore Capital Management LLC's holdings in Amazon.com were worth $260,029,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMZN. Bank of America Corp DE purchased a new position in Amazon.com during the second quarter worth about $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in shares of Amazon.com during the second quarter valued at about $16,341,405,000. Invesco Ltd. increased its position 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 valued at $13,757,993,000 after acquiring 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 2nd quarter valued at approximately $12,831,376,000. Finally, Amundi lifted its holdings in shares of Amazon.com by 14.1% in the 1st quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock worth $12,787,883,000 after acquiring an additional 7,590,952 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com News Summary

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

• Positive Sentiment: Goldman Sachs added Amazon to its October Conviction List and reportedly assigned a $375 12-month price target, reinforcing bullish Wall Street sentiment after the stock’s recent pullback. Goldman Sachs adds Amazon to conviction buy list
• Positive Sentiment: Amazon Web Services signed a multiyear agreement worth more than $1 billion with Synopsys for chip-design intellectual property. The deal supports AWS custom silicon, including Trainium and Graviton, and could help Amazon reduce dependence on Nvidia while strengthening cloud growth. Synopsys and Amazon Web Services sign chip design deal
• Positive Sentiment: Amazon signed a 20-year agreement with Constellation Energy covering 690 megawatts of nuclear power and supporting more than $3 billion of investment at Maryland’s Calvert Cliffs plant. The arrangement is intended to supply electricity for AI and data-center expansion, although the near-term financial benefit is limited. Constellation and Amazon sign nuclear power deal
• Positive Sentiment: Anthropic’s reported plans to commit more than $100 billion to Amazon Web Services over time highlight the potential scale of Amazon’s AI infrastructure opportunity. Amazon and GoodRx are also expanding subscription prescription plans, opening another healthcare growth channel. Anthropic cloud spending plans
• Neutral Sentiment: Amazon launched redesigned Kindle devices, a $35 page-turning remote and updated Fire TV products. The releases may support consumer-device engagement, but they are unlikely to materially change near-term earnings expectations. Amazon introduces Kindle Click
• Negative Sentiment: Amazon agreed to refund $7.25 million in Prime fees and pay $1 million to settle a District of Columbia lawsuit alleging slower deliveries in low-income areas. The cost is modest relative to Amazon’s size but adds regulatory and reputational pressure. Amazon settles delivery lawsuit
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion 2026 capital-spending forecast could pressure free cash flow if AI-compute prices fall or demand fails to keep pace with new capacity. Proposed legislation that would remove opportunity-zone tax benefits for data centers adds a longer-term cost risk.
• Negative Sentiment: AI shopping agents from companies such as OpenAI and Meta could eventually redirect product discovery away from Amazon, threatening marketplace traffic and high-margin advertising revenue. Broader worries about consumer confidence and concentrated AI investments are also weighing on sentiment.

Insiders Place Their Bets

In other news, CEO Andrew Jassy sold 20,000 shares of the firm's stock in a transaction dated 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 trade represents a 0.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the business's stock in a transaction that occurred 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 sale, the chief financial officer owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 70,589 shares of company stock worth $18,329,015. 8.90% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $248.23 on Friday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. 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 market capitalization of $2.68 trillion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45. The business's fifty day moving average price is $256.67 and its 200 day moving average price is $248.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during 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%.Amazon.com's revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. HSBC reaffirmed a "buy" rating and set a $310.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Wells Fargo & Company restated an "overweight" rating and set a $338.00 price target (up from $328.00) on shares of Amazon.com in a research report on Thursday, September 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. UBS Group set a $200.00 price objective on Amazon.com in a research note on Thursday, September 17th. Finally, Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Fifty-six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $321.63.

Amazon.com Profile

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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