Noble Wealth Partners LLC Purchases 2,390 Shares of Amazon.com, Inc. $AMZN

Key Points

• Noble Wealth Partners initiated a position in Amazon by purchasing 2,390 shares worth approximately $570,000 during the second quarter. Institutional investors and hedge funds collectively own 72.2% of Amazon’s outstanding shares.
• Amazon reported quarterly revenue of $200.61 billion and earnings of $5.75 per share, surpassing analysts’ estimates, with revenue up 19.6% year over year. AWS expansion and artificial-intelligence investment remain key growth drivers, although rising infrastructure costs and regulatory risks could pressure profitability.
• Analysts remain broadly bullish, with 56 Buy ratings and three Hold ratings; Amazon has a consensus “Moderate Buy” rating and an average price target of $321.63, compared with a reported share price of $251.52.

Noble Wealth Partners LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,390 shares of the e-commerce giant's stock, valued at approximately $570,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Auto Owners Insurance Co boosted its stake in shares of Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp acquired a new position in Amazon.com in the 2nd quarter worth about $16,341,405,000. Amundi raised its holdings in 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 purchasing an additional 7,590,952 shares during the period. Finally, Invesco Ltd. boosted its position in 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 purchasing an additional 1,879,630 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $251.52 on Monday. 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 business's 50 day moving average price is $257.06 and its 200-day moving average price is $248.51. The firm has a market capitalization of $2.71 trillion, a PE ratio of 20.23, a P/E/G ratio of 1.95 and a beta of 1.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating 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 firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the prior year, the company earned $1.68 EPS. The firm's revenue was up 19.6% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related 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 approximately $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly 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. 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. In the last quarter, insiders sold 70,589 shares of company stock valued at $18,329,015. Company 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: AWS data-center push received support: Amazon Web Services pledged more than $1 billion over five years for communities hosting its U.S. data centers, including job training, education and infrastructure initiatives. The investment is intended to ease resistance to new facilities and help Amazon secure capacity for AI workloads. Amazon to invest $1 billion over five years in US data center communities
• Positive Sentiment: AI and AWS growth remain the main bullish catalyst: Reports highlighted AWS’s rapid expansion, a more than $1 billion Synopsys agreement supporting custom-chip development, and Anthropic’s expected long-term AWS commitments of roughly $110 billion. Amazon also launched an AI agent that audits customers’ cloud environments, potentially increasing AWS usage while improving customer cost, security and performance management. Amazon Is Both Landlord And Shareholder In Anthropic’s Giant Cloud Bet
• Positive Sentiment: Analyst confidence provided additional support: Goldman Sachs added Amazon to its conviction list, while New Street raised its price target to $385 and maintained a Buy rating. Analysts cited AWS growth, generative AI exposure and potential retail-margin improvement as reasons for longer-term upside. New Street Adjusts Price Target on Amazon.com to $385
• Neutral Sentiment: Amazon is reportedly exploring an $8 billion chip sale-and-leaseback: Moving Nvidia AI chips to an investment vehicle could make the balance sheet more asset-light and help fund capital spending, but it also underscores the scale of Amazon’s AI infrastructure costs and financing requirements. Amazon seeks to offload $8 billion of Nvidia chips
• Negative Sentiment: Investors face profitability and regulatory risks: Analysts questioned how much AWS earnings are distorted by unrealized Anthropic investment gains, while surging AI capital expenditures could pressure free cash flow. Potential tougher EU cloud rules, data-center opposition, warehouse labor actions and Prime-related settlement payments add further uncertainty. What Are Amazon Investors Paying for AWS Without Investment Gains?

Analysts Set New Price Targets

Several analysts have commented on AMZN shares. BMO Capital Markets reissued an "outperform" rating and issued a $360.00 price objective (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Barclays reiterated an "overweight" rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $325.00 price target (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Needham & Company LLC reissued a "buy" rating and issued a $300.00 price target on shares of Amazon.com in a report on Friday, July 31st. Finally, Robert W. Baird set a $310.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $321.63.

Amazon.com Company 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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