Trust Asset Management LLC Increases Stake in Amazon.com, Inc. $AMZN

Key Points

• Trust Asset Management increased its Amazon stake by 3.3% in the second quarter to 107,563 shares valued at approximately $26,000. Several other funds also raised their positions, and institutional investors collectively own 72.2% of Amazon.
• Amazon insiders sold 62,650 shares worth about $16.5 million over the past 90 days, including sales by CEOs Andrew Jassy and Matthew Garman under pre-arranged Rule 10b5-1 plans.
• Amazon reported strong quarterly results, with $5.75 in earnings per share and $200.61 billion in revenue, while analysts maintain a broadly bullish outlook with a consensus “Moderate Buy” rating and a $322.56 price target.

Trust Asset Management LLC lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,563 shares of the e-commerce giant's stock after purchasing an additional 3,414 shares during the period. Trust Asset Management LLC's holdings in Amazon.com were worth $26,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Mirador Capital Partners LP boosted its position in Amazon.com by 11.2% during the second quarter. Mirador Capital Partners LP now owns 124,393 shares of the e-commerce giant's stock valued at $29,648,000 after buying an additional 12,550 shares during the period. Trinity Wealth Management LLC purchased a new position in shares of Amazon.com in the second quarter worth about $254,000. DMKC Advisory Services LLC lifted its stake in shares of Amazon.com by 9.3% in the 2nd quarter. DMKC Advisory Services LLC now owns 4,085 shares of the e-commerce giant's stock valued at $974,000 after acquiring an additional 348 shares during the last quarter. Balefire LLC lifted its stake in shares of Amazon.com by 13.1% in the 2nd quarter. Balefire LLC now owns 19,529 shares of the e-commerce giant's stock valued at $4,655,000 after acquiring an additional 2,255 shares during the last quarter. Finally, McNaughton Wealth Management LLC boosted its holdings in Amazon.com by 5.2% during the 2nd quarter. McNaughton Wealth Management LLC now owns 9,617 shares of the e-commerce giant's stock valued at $2,292,000 after acquiring an additional 474 shares during the period. 72.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the transaction, the chief executive officer owned 2,205,766 shares in the company, valued at $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing 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 15,467 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the completion of the transaction, the chief executive officer directly owned 14,159 shares of the company's stock, valued at approximately $3,729,480.60. The trade was a 52.21% 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 ninety days, insiders sold 62,650 shares of company stock worth $16,535,457. Company insiders own 8.90% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: Morgan Stanley maintained a Buy rating and a $335 price target, arguing that AWS could eventually become a $1 trillion annual-revenue business. The firm’s bullish case sees substantial upside if AI demand supports sustained cloud growth and improved earnings. Amazon Maintained at Buy as Analyst Sees Trillion-Dollar AWS Opportunity
• Positive Sentiment: Several prominent investors increased their Amazon exposure. Stanley Druckenmiller raised Duquesne’s position by more than 11 times, David Tepper made Amazon Appaloosa’s largest holding, and Peter Thiel’s fund listed AMZN as its top disclosed stock. These filings reinforce institutional confidence in Amazon’s AI and cloud strategy. Billionaire Investors’ Amazon Positions
• Positive Sentiment: Investor commentary highlighted AWS’s internally developed chips as a potentially underappreciated business that could improve Amazon’s AI economics and create additional strategic value. Amazon’s Underappreciated Chip Business
• Positive Sentiment: Amazon’s investment in Anthropic has become large enough to affect reported earnings, adding potential upside from AI-related holdings, although private-company valuations can be difficult to realize. Amazon’s Anthropic Investment

Amazon.com Price Performance

AMZN opened at $261.31 on Tuesday. 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 stock has a market capitalization of $2.82 trillion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.45. The stock's 50 day moving average price is $248.23 and its 200-day moving average price is $238.78.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results 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. 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%.The firm's revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on AMZN shares. Guggenheim reaffirmed a "buy" rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Wolfe Research reissued an "outperform" rating and set a $315.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Pivotal Research restated a "buy" rating and issued a $333.00 target price (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. New Street Research lifted their target price on shares of Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Finally, Roth Capital reissued a "buy" rating and set a $325.00 price target on shares of Amazon.com in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.56.

Amazon.com Profile

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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