Shepherd Financial Partners LLC Purchases Shares of 83,008 Amazon.com, Inc. $AMZN

Key Points

• Shepherd Financial Partners acquired 83,008 Amazon shares worth approximately $19.8 million during the second quarter, making Amazon its eighth-largest holding and representing about 1.6% of its portfolio.
• Amazon reported strong quarterly results, with $5.75 in earnings per share and $200.61 billion in revenue, surpassing analyst estimates; institutional investors own 72.2% of the company.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $323.26, although Amazon shares were recently down 2% and insiders have sold stock under pre-arranged trading plans.

Shepherd Financial Partners LLC purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 83,008 shares of the e-commerce giant's stock, valued at approximately $19,784,000. Amazon.com comprises about 1.6% of Shepherd Financial Partners LLC's investment portfolio, making the stock its 8th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Myecfo LLC acquired a new stake in Amazon.com during the 2nd quarter valued at $2,950,000. Johnson Financial Group Inc. acquired a new position in shares of Amazon.com in the second quarter valued at $13,042,000. Tocqueville Asset Management L.P. acquired a new position in shares of Amazon.com in the second quarter valued at $159,413,000. Kelman Lazarov Inc. bought a new position in shares of Amazon.com in the second quarter valued at about $1,146,000. Finally, Turim 21 Investimentos Ltda. bought a new position in shares of Amazon.com in the second quarter valued at about $24,220,000. 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: Large AI infrastructure commitments support AWS growth. Amazon reportedly could purchase up to $60 billion of Qualcomm AI chips, while its partnership with Wiwynn will expand U.S. server manufacturing capacity and create nearly 1,000 jobs. These developments reinforce Amazon’s long-term investment in cloud and artificial-intelligence infrastructure. Amazon Could Buy Up to $60 Billion From Qualcomm
• Positive Sentiment: Anthropic stake and operating outlook remain potential value drivers. Reports that Anthropic expects a second consecutive quarter of adjusted operating profit—and could pursue a valuation of as much as $2 trillion—highlight the potential value of Amazon’s roughly $13 billion investment in the AI developer. Anthropic Expects a Second Straight Quarter of Adjusted Operating Profit
• Positive Sentiment: Retail and advertising initiatives offer additional support. Amazon India’s rapid-delivery service reportedly surpassed $1 billion in annualized sales, and the company scheduled Prime Big Deal Days for October 6–7. Amazon also expanded its advertising reach through a pilot with ChatGPT. Amazon India’s Amazon Now Tops $1 Billion
• Neutral Sentiment: Analysts remain broadly optimistic. Coverage indicates Amazon has no sell ratings and continued confidence in earnings, cash flow and AWS growth, although bullish ratings have not prevented near-term volatility. Is It Worth Investing in Amazon Based on Wall Street’s Bullish Views?
• Negative Sentiment: AWS cannot restore access to damaged facilities in Bahrain and the UAE. The prolonged loss of access to customer data and cloud availability zones raises concerns about service resilience, customer retention, potential costs and reputational damage. This was the most direct company-specific pressure on AMZN. AWS Unable to Restore Access After War Damage
• Negative Sentiment: Macro and competitive pressures weighed on technology stocks. Investors prepared for a Federal Reserve rate decision amid higher yields and oil prices, while commentary suggested AWS cloud growth is lagging Microsoft Azure and Google Cloud in AI. Amazon also paused operations with 21 Air after a fatal cargo-plane crash, adding logistics and reputational risk. Amazon Stock Slides: What’s Happening?

Amazon.com Stock Down 2.0%

NASDAQ AMZN opened at $248.42 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.68 trillion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.95 and a beta of 1.44. The company has a 50 day moving average of $255.80 and a 200-day moving average of $244.98. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas Herrington sold 6,362 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the transaction, the chief executive officer owned 476,681 shares of the company's stock, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the company's stock in a transaction dated 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 sale, the chief financial officer directly owned 109,207 shares of the company's stock, valued at $28,427,674.17. This represents a 5.35% 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. Insiders have sold 71,589 shares of company stock valued at $18,568,785 in the last ninety days. Insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on AMZN shares. 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. Robert W. Baird set a $310.00 price target on shares of Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. Piper Sandler reissued an "overweight" rating and issued a $320.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, Zacks Research upgraded Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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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