PointState Capital LP Makes New Investment in Amazon.com, Inc. $AMZN

Key Points

• PointState Capital initiated a $339.3 million Amazon stake by purchasing 1.42 million shares in the second quarter, making AMZN its third-largest portfolio holding at approximately 4.3%.
• Institutional investors own 72.2% of Amazon, while insiders have sold 71,589 shares worth $18.6 million over the past 90 days, including sales by CEO Matthew Garman and SVP David Zapolsky under 10b5-1 plans.
• Amazon reported strong quarterly results, with revenue up 19.6% year over year and EPS of $5.75 versus the $1.82 consensus estimate. Analysts remain bullish, assigning the stock a “Moderate Buy” rating and an average price target of $321.19.

PointState Capital LP bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,423,550 shares of the e-commerce giant's stock, valued at approximately $339,289,000. Amazon.com accounts for approximately 4.3% of PointState Capital LP's investment portfolio, making the stock its 3rd largest position.

Several other large investors have also recently added to or reduced their stakes in AMZN. Bard Associates Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC bought a new position in Amazon.com during the second quarter valued at about $33,000. Lifetime Wealth Management P.C. acquired a new stake in shares of Amazon.com in the fourth quarter worth about $45,000. Prudent Man Investment Management Inc. boosted its stake in shares of Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock worth $53,000 after acquiring an additional 107 shares in the last quarter. Finally, Strategic Wealth Advisors LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the transaction, the senior vice president directly owned 41,190 shares of the company's stock, valued at $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares in the company, valued at $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. Insiders sold a total of 71,589 shares of company stock valued at $18,568,785 in the last ninety days. 8.90% of the stock is currently owned by insiders.

Amazon.com Trading Up 0.0%

Shares of AMZN opened at $249.38 on Friday. The stock's 50-day moving average price is $256.34 and its 200 day moving average price is $246.95. 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 capitalization of $2.69 trillion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 1.98 and a beta of 1.44. 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 announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping 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 the consensus estimate of $197.03 billion. During the same quarter last year, the company earned $1.68 EPS. The company's quarterly revenue was up 19.6% on a year-over-year basis. As a group, research analysts predict that Amazon.com, Inc. will post 8.01 earnings per share for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their target price on Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Phillip Securities cut shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, August 3rd. Telsey Advisory Group set a $335.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a report on Friday, July 31st. Evercore set a $355.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a report on Friday, August 28th. Finally, Wedbush raised their price target on Amazon.com from $293.00 to $310.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $321.19.

More Amazon.com News

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

• Positive Sentiment: Amazon announced a plan to invest approximately $3 billion in India’s quick-commerce market through 2030, expanding its Amazon Now delivery network. The investment could strengthen Amazon’s position in a rapidly growing market, although its current share is only about 6.2%. Amazon bets $3 billion on India's fast-delivery boom
• Positive Sentiment: New Amazon Supply Chain Services offerings let merchants add fast, free Prime delivery to their own websites and manage orders from Walmart, Shopify, eBay and TikTok through Seller Central. The initiative could expand fulfillment revenue and make Amazon’s logistics infrastructure more valuable outside its marketplace. Amazon Lets Merchants Add Free Prime Delivery to Their Own Websites
• Positive Sentiment: Analyst commentary remains constructive on Amazon Web Services, custom chips and agentic AI. Reports cite a roughly $496 billion AWS backlog and expanding AI tools for third-party sellers, advertising and cloud customers, supporting the long-term earnings-growth case.
• Positive Sentiment: Amazon is investing more than $100 million in an Indiana robotics manufacturing facility expected to create 300 jobs. The plant should increase internal automation capacity and could eventually support efficiency gains across the fulfillment network. Amazon to Expand Robot-Making Capacity With New Indiana Hub
• Neutral Sentiment: Amazon is allowing Anthropic’s Claude to access seller data while blocking Meta’s Muse shopping agent. The decision protects control over customer and marketplace data, but it could encourage rivals such as Shopify and Walmart to build more open agentic-commerce ecosystems. Amazon Opens Seller Data to Claude Days After Blocking Meta’s Muse
• Negative Sentiment: The India expansion and Indiana robotics project increase near-term capital spending, contributing to investor concerns about cash-flow pressure and the timing of returns. Amazon’s stock has also been technically testing support near its key moving averages.
• Negative Sentiment: A proposed nationwide class-action lawsuit alleges systematic discrimination against pregnant warehouse employees. Additional workforce litigation could increase legal costs, regulatory scrutiny and reputational risk. Amazon Faces Another Worker Lawsuit
• Negative Sentiment: Rising Treasury yields and broader weakness in technology stocks are creating valuation headwinds for AMZN, while concerns about heavy AI spending and uncertain monetization remain a near-term overhang.

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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