Waverly Advisors LLC Has $186.68 Million Holdings in Amazon.com, Inc. $AMZN

Key Points

• Waverly Advisors increased its Amazon position by 28.4% in the second quarter, holding 789,836 shares valued at approximately $186.68 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Wall Street remains broadly bullish, with 56 analysts rating Amazon a Buy and three a Hold; the consensus rating is “Moderate Buy” with an average price target of $321.19.
• Amazon reported quarterly earnings of $5.75 per share and revenue of $200.61 billion, exceeding estimates and delivering 19.6% year-over-year revenue growth. AI and AWS expansion are key growth catalysts, while higher delivery costs, labor spending and macroeconomic pressure pose risks.

Waverly Advisors LLC raised its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 28.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 789,836 shares of the e-commerce giant's stock after acquiring an additional 174,854 shares during the quarter. Amazon.com makes up about 1.1% of Waverly Advisors LLC's investment portfolio, making the stock its 11th largest holding. Waverly Advisors LLC's holdings in Amazon.com were worth $186,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. TOP Private Wealth LLC. acquired a new stake in shares of Amazon.com in the second quarter valued at approximately $29,000. Bard Associates Inc. bought a new stake in Amazon.com in the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC bought a new stake in Amazon.com in the 2nd quarter valued at $33,000. MilWealth Group LLC lifted its holdings in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Finally, Lifetime Wealth Management P.C. acquired a new stake in Amazon.com during the 4th quarter valued at $45,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMZN. 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. JPMorgan Chase & Co. upped their target price on Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Raymond James Financial reiterated an "outperform" rating and set a $390.00 target price (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. DA Davidson reissued a "neutral" rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, July 31st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $320.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $321.19.

Amazon.com Stock Performance

NASDAQ AMZN opened at $249.27 on Thursday. The firm's 50 day simple moving average is $256.35 and its 200 day simple moving average is $246.69. The firm has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.98 and a beta of 1.44. 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 1 year low of $196.00 and a 1 year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. During the same period in the prior year, the company earned $1.68 earnings per share. The company's quarterly revenue was up 19.6% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 8.01 earnings per share for the current fiscal year.

More Amazon.com News

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

• Positive Sentiment: AI and cloud growth remain major potential catalysts. Amazon Web Services reportedly has a $496 billion backlog and a cloud operating margin near 39%, while the company launched agentic AI tools to automate listings, inventory management and other tasks for third-party sellers. These developments reinforce the investment case that AWS and AI can drive long-term earnings growth. Amazon rolls out new agentic AI for third-party sellers
• Positive Sentiment: Amazon is expanding higher-value advertising and commerce services. A deeper Best Buy Fire TV agreement will use Amazon Ads technology across Insignia televisions, potentially increasing connected-TV advertising revenue. Amazon also expanded its U.K. partnership with Affirm and its pickup network to nearly 30,000 locations, supporting customer convenience and transaction growth. Best Buy, Amazon Deepen Fire TV Alliance
• Neutral Sentiment: Anthropic’s potential $2 trillion IPO could benefit Amazon. Amazon is an Anthropic backer and could gain from the value of its investment and increased demand for AWS infrastructure, although the timing, valuation and eventual financial benefit remain uncertain. Alphabet vs. Amazon: Which Anthropic Backer Will Benefit More?
• Negative Sentiment: Amazon’s dispute with Meta over the Muse shopping agent creates strategic risk. Amazon blocked Meta’s rapidly adopted AI agent from accessing its marketplace, protecting control over customer data and checkout but potentially allowing rivals such as Shopify to capture agent-driven commerce. The standoff also raises questions about future rules for automated shopping. Meta's standoff with Amazon over Muse
• Negative Sentiment: Rising labor and delivery spending may weigh on margins. Amazon plans to invest $1.9 billion in its Delivery Service Partner program and is rehiring former employees for AI and cloud roles. Higher wages and staffing costs could pressure near-term profitability even if they support capacity and growth. Amazon puts another $1.9 billion into its delivery network
• Negative Sentiment: Sustainability execution is an investor concern. Amazon’s chief sustainability officer said the company does not yet know how it will achieve its 2040 net-zero carbon target, raising reputational and regulatory risks. Amazon's net-zero carbon challenge
• Negative Sentiment: Macro conditions amplified the selling pressure. Amazon was among the large technology stocks weighing on a weaker market as Treasury yields and oil prices rose, increasing valuation pressure on growth-oriented companies.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the sale, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the transaction, the chief executive officer owned 476,681 shares of the company's stock, valued at $123,465,145.81. This trade represents a 1.32% 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. Insiders sold 71,589 shares of company stock worth $18,568,785 over the last 90 days. 8.90% of the stock is owned by corporate insiders.

Amazon.com Company 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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