Tanager Wealth Management LLP Reduces Position in Amazon.com, Inc. $AMZN

Key Points

• Tanager Wealth Management reduced its Amazon position by 9.8% in the second quarter, selling 2,201 shares and retaining 20,252 shares valued at approximately $4.83 million.
• Amazon reported strong quarterly results, with earnings of $5.75 per share and revenue of $200.61 billion, surpassing analyst estimates; revenue increased 19.6% year over year.
• Analysts remain broadly bullish, with Amazon carrying a consensus “Moderate Buy” rating and an average price target of $323.26, above its reported share price of $258.51.

Tanager Wealth Management LLP lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,252 shares of the e-commerce giant's stock after selling 2,201 shares during the quarter. Amazon.com makes up 0.4% of Tanager Wealth Management LLP's holdings, making the stock its 16th largest holding. Tanager Wealth Management LLP's holdings in Amazon.com were worth $4,827,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMZN. Strid Group LLC grew its holdings in shares of Amazon.com by 5.8% in the second quarter. Strid Group LLC now owns 1,811 shares of the e-commerce giant's stock worth $432,000 after purchasing an additional 100 shares during the last quarter. Northwest Wealth Advisors LLC lifted its holdings in Amazon.com by 6.2% during the 2nd quarter. Northwest Wealth Advisors LLC now owns 1,107 shares of the e-commerce giant's stock valued at $264,000 after buying an additional 65 shares in the last quarter. Greenline Wealth Management LLC boosted its position in Amazon.com by 6.9% in the 2nd quarter. Greenline Wealth Management LLC now owns 9,645 shares of the e-commerce giant's stock valued at $2,299,000 after buying an additional 622 shares during the period. Mine & Arao Wealth Creation & Management LLC. grew its stake in Amazon.com by 0.8% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 64,037 shares of the e-commerce giant's stock worth $15,263,000 after acquiring an additional 517 shares in the last quarter. Finally, BWM Planning LLC bought a new position in Amazon.com in the 2nd quarter worth about $416,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $258.51 on Friday. The firm has a market cap of $2.79 trillion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.00 and a beta of 1.44. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. 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 company's 50 day moving average is $254.14 and its 200 day moving average is $242.33.

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 return on equity of 18.00% and a net margin of 17.44%.Amazon.com's revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citizens Jmp reaffirmed a "market outperform" rating and set a $315.00 target price on shares of Amazon.com in a research report on Friday, July 31st. KeyCorp boosted their price target on Amazon.com from $335.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Bank of America increased their price objective on Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Finally, Oppenheimer reiterated an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. One 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $323.26.

Amazon.com News Summary

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

• Positive Sentiment: AI and AWS remain the key growth drivers. Recent coverage highlights accelerating AWS growth, Amazon’s planned purchase of roughly 2 million Nvidia GPUs and approximately $200 billion in 2026 AI-infrastructure investment. These initiatives could support cloud revenue, advertising and future operating leverage, although they require substantial near-term capital spending. Amazon and Nvidia AI infrastructure article
• Positive Sentiment: Amazon is expanding its strategic infrastructure and logistics footprint. A multiyear, multibillion-dollar Corning agreement will provide optical-fiber and connectivity products for data centers, while Amazon expects its own delivery network to handle nearly 90% of U.S. packages by 2029. Both developments could improve capacity, efficiency and control over fulfillment costs. Amazon Corning fiber agreement
• Positive Sentiment: Zoox reached another commercialization milestone. Amazon’s autonomous-vehicle unit expanded paid robotaxi service to Las Vegas’ Harry Reid International Airport, broadening a potential future growth platform beyond e-commerce and cloud computing. Zoox Las Vegas airport expansion
• Neutral Sentiment: High spending is creating both opportunity and valuation risk. Analysts continue to identify AMZN as a leading AI and cloud beneficiary, but elevated data-center investment has pushed Amazon’s trailing free cash flow negative. Investors are assessing whether current spending will generate returns comparable to the company’s earlier AWS buildout. Amazon capital spending and higher rates article
• Negative Sentiment: DOJ scrutiny is the most immediate overhang. The Justice Department expanded its beef-price investigation to eight retailers, including Amazon, seeking pricing data as it examines possible anticompetitive conduct in the meat supply chain. The inquiry does not establish wrongdoing, but it raises regulatory and potential litigation risk. DOJ beef price probe
• Negative Sentiment: Labor concerns and insider selling add pressure. Workers at Amazon’s Riverside, California warehouse held a one-day strike over alleged retaliation and union-recognition issues. CEO Douglas Herrington separately sold 1,000 shares under a prearranged Rule 10b5-1 plan; the sale was small relative to his remaining holdings but may draw limited investor attention.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 17,794 shares of the company's stock, valued at $4,609,713.64. This represents a 44.97% 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. In the last quarter, insiders sold 71,589 shares of company stock worth $18,568,785. Company insiders own 8.90% of the company's stock.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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