Sacks & Associates LLC Purchases New Holdings in Amazon.com, Inc. $AMZN

Key Points

• Sacks & Associates LLC purchased 5,046 Amazon shares worth approximately $1.26 million in the third quarter, making AMZN about 0.9% 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 EPS of $5.75 versus the $1.82 consensus estimate. Analysts maintain a “Moderate Buy” consensus and an average price target of $322.53.
• AWS and artificial intelligence remain key growth drivers, but investors are watching Amazon’s substantial AI spending and rising capital expenditures for potential pressure on free cash flow. The company’s next major catalyst is its third-quarter earnings report scheduled for October 29.

Sacks & Associates LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,046 shares of the e-commerce giant's stock, valued at approximately $1,257,000. Amazon.com accounts for about 0.9% of Sacks & Associates LLC's investment portfolio, making the stock its 29th biggest position.

Several other institutional investors have also bought and sold shares of AMZN. TOP Private Wealth LLC. purchased a new position in shares of Amazon.com during the 2nd quarter valued at $29,000. Bard Associates Inc. purchased a new stake in Amazon.com in the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC purchased a new stake in Amazon.com in the 2nd quarter worth about $33,000. Atomic Invest LLC increased its holdings in Amazon.com by 41.2% in the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after acquiring an additional 49 shares during the last quarter. Finally, Lifetime Wealth Management P.C. bought a new stake in Amazon.com in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS remains the central growth and profit driver. Amazon’s cloud business grew at its fastest pace in 18 quarters during the second quarter, and investors will focus closely on whether that momentum continued. Strong AWS growth could support a higher valuation. Amazon earnings outlook
• Positive Sentiment: Analysts continue to view Amazon as a major beneficiary of AI adoption through AWS, custom chips and related products. The company’s AI initiatives could improve future cash flow, while strong holiday e-commerce demand and a growing advertising business provide additional support. Amazon AI cash flow outlook
• Positive Sentiment: Amazon’s acquisition of Bee is expanding its consumer AI strategy. New Bee Frontier and Bee Eclipse devices, along with a paid software tier, give the company new opportunities in hardware, subscriptions and AI-assisted shopping. Amazon Bee AI devices
• Neutral Sentiment: Amazon has scheduled its third-quarter results and conference call for Oct. 29. The report is likely to be the next major catalyst, particularly for AWS growth, capital expenditures, operating margins and management’s AI investment outlook. Amazon earnings announcement
• Negative Sentiment: Broad technology stocks are under pressure as inflation concerns increase expectations for higher interest rates, prompting investors to favor value and dividend-paying sectors. That market-wide rotation is weighing on mega-cap technology names, including AMZN. Technology sector decline
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion AI commitment and rising capital expenditures may pressure near-term free cash flow. Capacity constraints and potentially falling AI-compute pricing add to doubts about the return on that spending.
• Negative Sentiment: Elon Musk’s proposal for an “X Shop” or “Grokazon” introduces a potential long-term competitive risk after Amazon blocked some AI shopping agents. The issue could encourage rivals to challenge Amazon’s position in agent-driven commerce. Potential Amazon rival

Amazon.com Stock Performance

NASDAQ:AMZN opened at $250.00 on Friday. 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, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The firm has a market cap of $2.70 trillion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.93 and a beta of 1.45. The business's fifty day moving average is $256.75 and its 200 day moving average is $251.57.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 return on equity of 18.00% and a net margin of 17.44%. The business had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. Research analysts predict that Amazon.com, Inc. will post 8.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMZN. DA Davidson reaffirmed a "neutral" rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Roth Capital reiterated a "buy" rating and issued a $325.00 target price on shares of Amazon.com in a research note on Monday, August 3rd. Mizuho set a $330.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Friday, July 31st. Truist Financial boosted their price target on shares of Amazon.com from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Zacks Research cut shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $322.53.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total value 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 ownership of the stock. The sale 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, CFO Brian T. Olsavsky sold 6,172 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were 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 $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is owned by corporate insiders.

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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