Notis McConarty Edward Acquires Shares of 32,250 Amazon.com, Inc. $AMZN

Key Points

• Notis McConarty Edward acquired 32,250 Amazon shares worth approximately $7.7 million, making Amazon about 3.3% of its portfolio. Institutional investors collectively own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds, an overall “Moderate Buy” consensus, and an average price target of $323.26.
• Amazon reported strong quarterly results, including $5.75 in earnings per share and $200.61 billion in revenue, while recent developments highlight continued AI and cloud expansion alongside risks from rising capital spending, labor costs, and AWS service disruptions.

Notis McConarty Edward acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,250 shares of the e-commerce giant's stock, valued at approximately $7,686,000. Amazon.com accounts for about 3.3% of Notis McConarty Edward's investment portfolio, making the stock its 12th biggest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Auto Owners Insurance Co grew its holdings in Amazon.com by 27,376.7% in 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 during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Amazon.com in the second quarter valued at about $16,341,405,000. Amundi raised its stake in shares of Amazon.com by 14.1% during 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 during the last quarter. Invesco Ltd. boosted its holdings 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 purchasing an additional 1,879,630 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Amazon.com by 23.0% during the first quarter. Dimensional Fund Advisors LP now owns 39,029,984 shares of the e-commerce giant's stock worth $8,126,338,000 after purchasing an additional 7,305,560 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, July 31st. KeyCorp increased their price objective on Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Barclays reiterated an "overweight" rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company restated an "overweight" rating and set a $338.00 target price (up from $328.00) on shares of Amazon.com in a report on Thursday, September 3rd. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $323.26.

Amazon.com Stock Down 1.0%

AMZN stock opened at $245.96 on Thursday. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The company has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.44. The business's 50 day moving average price is $255.84 and its two-hundred day moving average price is $245.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The company had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter last year, the business posted $1.68 EPS. The firm's revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CFO Brian Olsavsky sold 6,172 shares of the firm's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the completion of the transaction, the chief financial officer owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the sale, the chief executive officer owned 476,681 shares in the company, valued at approximately $123,465,145.81. This trade represents a 1.32% 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 valued at $18,568,785 in the last 90 days. Corporate 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 a long-term deal with Generac to supply backup generators for its data centers. Initial deliveries are expected to total approximately $2.4 billion in 2027 and 2028, while Amazon received warrants to purchase up to roughly $340 million of Generac stock. The agreement signals continued expansion of Amazon’s AI and cloud infrastructure. Generac, Amazon strike $2.4 billion long-term generator supply deal
• Positive Sentiment: Amazon reportedly plans to expand its same-day delivery network from 85 locations to more than 1,000 hubs by 2031, potentially placing facilities within 10 miles of most U.S. Prime members. The strategy could improve delivery speed and strengthen Amazon’s retail moat. Amazon's next move could reshape how America shops
• Positive Sentiment: Amazon launched Alexa+ in India with Hindi-language support, expanding its conversational-AI ecosystem in a major growth market. Investors also continue to focus on strong AWS demand, advertising growth and Amazon’s stake in Anthropic as potential longer-term catalysts. Amazon launches Alexa+ in India with Hindi support
• Neutral Sentiment: Amazon raised minimum starting pay for U.S. core-operations employees to $20 per hour and added grocery and banking benefits. The move may support hiring and retention, but management expects the program to cost about $1.5 billion, creating near-term margin pressure. Amazon raises minimum hourly pay by $1 to $20
• Negative Sentiment: AWS said it cannot restore access to a Bahrain facility and one UAE availability zone damaged during the Iran conflict. The disclosure raises concerns about data recovery, customer trust and possible financial or regulatory consequences. Amazon's AWS is unable to restore access
• Negative Sentiment: Analyst commentary highlighted that AI-related capital expenditures are accelerating AWS growth but weighing on free cash flow and increasing reliance on debt. Separately, Zacks downgraded AMZN from “strong buy” to “hold,” adding to valuation and execution concerns. Amazon's AI Bet Is Paying Off in Revenues

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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