Papamarkou Wellner Asset Management inc. Purchases 35,621 Shares of Amazon.com, Inc. $AMZN

Key Points

• Papamarkou Wellner Asset Management initiated a position of 35,621 Amazon shares worth approximately $7.4 million, making Amazon its sixth-largest holding. Institutional investors and hedge funds collectively own 72.2% of AMZN.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds; Amazon has a “Moderate Buy” consensus rating and an average price target of $321.19. Goldman Sachs recently raised its target to $375.
• Amazon’s latest quarter exceeded expectations, with revenue up 19.6% year over year and EPS of $5.75 versus the $1.82 consensus estimate. However, investors remain concerned that heavy AI and data-center spending could outpace monetization, while insiders have sold about $18.6 million of stock over the past 90 days.

Papamarkou Wellner Asset Management inc. purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 35,621 shares of the e-commerce giant's stock, valued at approximately $7,422,000. Amazon.com makes up about 1.6% of Papamarkou Wellner Asset Management inc.'s holdings, making the stock its 6th biggest position.

A number of other hedge funds have also modified their holdings of the stock. Silvant Capital Management LLC acquired a new stake in shares of Amazon.com during the 2nd quarter valued at about $60,065,000. Northstar Financial Companies Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $3,376,000. Gryphon Financial Partners LLC raised its stake in shares of Amazon.com by 7.5% during the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after buying an additional 5,125 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock worth $63,285,000 after acquiring an additional 5,104 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Amazon.com during the second quarter worth about $2,261,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $254.77, for a total value of $254,770.00. Following the transaction, the chief executive officer owned 475,681 shares of the company's stock, valued at approximately $121,189,248.37. This represents a 0.21% 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 90 days, insiders sold 71,589 shares of company stock valued at $18,568,785. Company insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMZN. The Goldman Sachs Group reaffirmed a "buy" rating and set a $375.00 price target (up from $335.00) on shares of Amazon.com in a research note on Friday, July 31st. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research report on Friday, August 14th. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, August 3rd. Wells Fargo & Company reaffirmed an "overweight" rating and set a $338.00 price objective (up from $328.00) on shares of Amazon.com in a research report on Thursday, September 3rd. Finally, Pivotal Research reiterated a "buy" rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $321.19.

Amazon.com Stock Up 0.1%

Shares of NASDAQ AMZN opened at $249.67 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.69 trillion, a PE ratio of 20.09, a P/E/G ratio of 1.93 and a beta of 1.44. The company's fifty day simple moving average is $256.39 and its 200 day simple moving average is $246.96. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm earned $1.68 EPS. The business's revenue for the quarter was up 19.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: AWS and AI infrastructure remain the central bullish case. Analysts and commentators argue that Amazon’s roughly $200 billion 2026 capital-expenditure plan reflects substantial demand for AWS computing, custom chips and AI capacity. Amazon is also reportedly preparing to receive approximately $2.4 billion in backup-generator orders from Generac in 2027 and 2028, underscoring the scale of its data-center expansion. Amazon AI capital expenditures article Generac data-center orders article
• Positive Sentiment: Expansion of merchant services could broaden revenue beyond Amazon.com. New tools let sellers manage listings, inventory and orders across channels including Walmart, Shopify, TikTok and eBay. Amazon is also extending Prime delivery and fulfillment services to merchants’ own websites, potentially increasing third-party logistics revenue and seller dependence on its ecosystem. Amazon merchant services article
• Neutral Sentiment: Anthropic remains strategically important, but its infrastructure is becoming more diversified. Anthropic committed about $11.6 billion to an Akamai CPU agreement, which can be viewed as a setback for AWS. However, Amazon retains a major equity stake and an ongoing AWS relationship, limiting the immediate financial impact. Anthropic Akamai agreement article
• Negative Sentiment: Investors remain concerned that AI spending may outpace monetization. Goldman Sachs estimates hyperscalers may need roughly $300 billion in additional AI revenue to justify their investments, while Michael Burry and Jefferies’ Chris Wood have warned of leverage, overcapacity and potential write-offs. Those concerns could pressure AMZN’s valuation despite strong AWS demand. Goldman Sachs AI spending article
• Negative Sentiment: Amazon’s $3 billion India quick-commerce investment adds near-term cost and execution risk while the company attempts to catch rivals with a relatively small market share. The decision to block Meta’s Muse shopping agent also risks diverting AI-driven purchases toward Shopify and other platforms. Amazon India investment article

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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