Nicholas Investment Partners LP Buys Shares of 75,046 Amazon.com, Inc. $AMZN

Key Points

• Nicholas Investment Partners LP initiated a position in Amazon, purchasing 75,046 shares valued at approximately $17.9 million, representing 1% of its portfolio.
• Institutional investors and hedge funds own 72.2% of Amazon’s shares, with several major firms—including Amundi, Invesco and Legal & General—recently increasing or initiating positions.
• Amazon reported quarterly revenue of $200.61 billion and EPS of $5.75, both exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus, with an average price target of $321.19 versus the reported share price of $254.98.

Nicholas Investment Partners LP bought a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 75,046 shares of the e-commerce giant's stock, valued at approximately $17,886,000. Amazon.com comprises 1.0% of Nicholas Investment Partners LP's holdings, making the stock its 26th largest holding.

Several other institutional investors also recently modified their holdings of the stock. Auto Owners Insurance Co boosted its position 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 purchasing an additional 98,090,585 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com in the 2nd quarter valued at $16,341,405,000. Amundi increased its position 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 valued at $12,787,883,000 after buying an additional 7,590,952 shares in the last quarter. Invesco Ltd. raised its stake in Amazon.com by 3.3% during the 4th 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. Finally, Legal & General Group Plc acquired a new stake in Amazon.com during the 2nd quarter worth $12,831,376,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ:AMZN opened at $254.98 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock's 50-day simple moving average is $256.47 and its 200 day simple moving average is $246.48. The company has a market cap of $2.75 trillion, a P/E ratio of 20.51, a P/E/G ratio of 2.00 and a beta of 1.44. 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 released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. Amazon.com's revenue was up 19.6% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Amazon.com News Summary

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

• Positive Sentiment: Amazon signed a Generac supply agreement worth up to $8 billion for backup generators, including approximately $2.4 billion of expected orders in 2027–2028 and warrants for Amazon. The deal highlights strong AWS data-center demand and addresses electricity constraints that could otherwise slow AI expansion. Amazon's Generac power deal
• Positive Sentiment: Amazon is expanding AI-powered logistics, including smart glasses for more than 20,000 delivery drivers by 2027. The company also plans an additional $1.9 billion investment in its Delivery Service Partner program, targeting better safety, routing and delivery efficiency. Amazon delivery investment
• Neutral Sentiment: Amazon blocked Meta’s Muse shopping agent, citing unauthorized access, failure to identify itself and concerns involving customer credentials and data. The move protects Amazon’s control over customer relationships, checkout and marketplace data, but could cause it to lose orders initiated by outside AI agents as agentic commerce develops. Amazon and Meta Muse dispute
• Negative Sentiment: Shopify’s shares rallied after Meta enabled Muse to browse Shopify-powered stores and complete purchases through Shop Pay, while Amazon remained excluded. Investors may view this as a competitive advantage for Shopify and a potential threat to Amazon’s influence over future AI-driven shopping. Shopify and Meta Muse integration
• Negative Sentiment: Amazon’s planned AI buildout—estimated at roughly $220 billion in capital spending—continues to raise concerns about cash flow, returns on investment and possible AWS margin pressure. Higher labor costs, including a $1 increase in eligible U.S. warehouse starting pay, add to near-term expense pressure. Amazon wage investment
• Negative Sentiment: A U.S. financial disclosure showed sales of between $5 million and $25 million of Amazon stock by President Donald Trump in July. The transaction is historical and does not change Amazon’s fundamentals, but the disclosure may add short-term selling sentiment. Trump Amazon stock sale disclosure

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMZN. Citizens Jmp reaffirmed a "market outperform" rating and set a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Monness Crespi & Hardt boosted their price objective on Amazon.com from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Piper Sandler reiterated an "overweight" rating and issued a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Citigroup reiterated a "market outperform" rating on shares of Amazon.com in a report on Friday, August 14th. Finally, Rosenblatt Securities started coverage on shares of Amazon.com in a research report on Thursday, August 20th. They set a "buy" rating and a $335.00 price objective for the company. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $321.19.

Insider Activity

In other news, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. 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 three months, insiders sold 71,589 shares of company stock valued at $18,568,785. 8.90% of the stock is owned by corporate insiders.

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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