Reliant Investment Partners LLC Buys New Shares in Amazon.com, Inc. $AMZN

Key Points

• Reliant Investment Partners bought 11,750 Amazon shares worth approximately $2.8 million in the second quarter, making AMZN 1.9% of its portfolio. Institutional investors collectively own 72.2% of Amazon.
• Amazon reported strong quarterly results, with revenue up 19.6% year over year to $200.61 billion and earnings of $5.75 per share, far exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus and an average price target of $323.26.
• Growth catalysts include expanding AI and cloud infrastructure, same-day delivery hubs, and Alexa+ in India, though rising AI capital spending is pressuring free cash flow and AWS disruptions in the Middle East raise operational concerns.

Reliant Investment Partners LLC purchased a new stake in shares of 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 firm purchased 11,750 shares of the e-commerce giant's stock, valued at approximately $2,800,000. Amazon.com makes up 1.9% of Reliant Investment Partners LLC's investment portfolio, making the stock its 15th largest position.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Bank of New York Mellon Corp bought a new stake in Amazon.com in the 2nd quarter worth approximately $16,341,405,000. Invesco Ltd. grew 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 valued at $13,757,993,000 after acquiring an additional 1,879,630 shares during the last quarter. Amundi grew its position in 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. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 7,305,560 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Amazon.com by 1.5% during the fourth quarter. Fisher Asset Management LLC now owns 33,593,612 shares of the e-commerce giant's stock worth $7,754,078,000 after acquiring an additional 489,924 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com News Summary

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

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas Herrington sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $254.77, for a total value of $254,770.00. Following the completion of the sale, the chief executive officer owned 475,681 shares in the company, valued at approximately $121,189,248.37. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a 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, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction that occurred 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 sale, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. 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 have sold 71,589 shares of company stock worth $18,568,785. Insiders own 8.90% of the company's stock.

Amazon.com Price Performance

AMZN stock opened at $245.96 on Thursday. The stock has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.92 and a beta of 1.44. The firm's 50-day moving average price is $255.84 and its two-hundred day moving average price is $245.25. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. 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 earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. Amazon.com's revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMZN. Benchmark upped their price objective on shares of Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Citizens Jmp reiterated a "market outperform" rating and issued a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. The Goldman Sachs Group restated a "buy" rating and set a $375.00 price target (up from $335.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, KeyCorp raised their price objective on Amazon.com from $335.00 to $350.00 and gave the company an "overweight" rating in a research note 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $323.26.

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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