Wealthcare Advisory Partners LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 10.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 110,006 shares of the e-commerce giant's stock after selling 12,804 shares during the period. Wealthcare Advisory Partners LLC's holdings in Amazon.com were worth $26,219,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $32,868,735,000. Auto Owners Insurance Co increased its holdings in Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares during the period. J. Stern & Co. LLP increased its holdings in Amazon.com by 20,598.0% during the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock worth $20,308,193,000 after acquiring an additional 87,557,736 shares during the period. Nuveen LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $11,674,091,000. Finally, Cardano Risk Management B.V. lifted its stake in Amazon.com by 879.4% in the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock worth $6,431,199,000 after purchasing an additional 25,017,588 shares in the last quarter. Institutional investors own 72.20% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on AMZN shares. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $330.00 to $365.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Susquehanna reaffirmed a "positive" rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Monness Crespi & Hardt increased their price objective on Amazon.com from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Robert W. Baird set a $310.00 price objective on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $322.39.
Check Out Our Latest Stock Report on AMZN
Trending Headlines about Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AI and AWS remain the main bullish catalysts: Amazon is part of a group of major technology companies expected to spend approximately $615 billion on AI infrastructure this year. AWS growth, a reported $496 billion backlog and an AI annualized revenue run rate above $25 billion reinforce the view that Amazon’s capital spending could translate into stronger long-term cloud revenue. AI infrastructure spending article
- Positive Sentiment: Analyst support is strong: Rosenblatt initiated coverage with a Buy rating and a $335 price target. The broader analyst consensus remains Moderately Buy, with an average target of about $322.56, suggesting substantial potential upside if AWS growth and margins improve. Rosenblatt coverage report
- Positive Sentiment: New growth initiatives could expand Amazon’s ecosystem: Prime Video plans to invest more than $2 billion in Latin America from 2027 through 2030, while the company is targeting drone delivery in nearly 500 U.S. cities and towns. Amazon also selected Austin for a multibillion-dollar robotics facility expected to create up to 500 jobs. Prime Video Latin America investment
- Neutral Sentiment: Anthropic investment offers both strategic value and valuation uncertainty: Amazon’s stake in the AI startup could become highly valuable if reported IPO valuations hold, and Anthropic supports AWS demand. However, some analysts question whether the private company’s potential valuation is justified by its current revenue and cash generation. Anthropic valuation analysis
- Negative Sentiment: Investors are concerned about spending and near-term returns: The $2 billion Prime Video expansion adds to Amazon’s investment burden, while the market is focusing more on underlying cash generation than gains related to the rising value of Anthropic. Amazon Prime Video investment analysis
- Negative Sentiment: Competitive and execution risks remain: SpaceX’s Starlink has more than 11,000 satellites compared with Amazon Leo’s fewer than 1,000, highlighting a significant gap in the satellite broadband race. Drone deliveries also face regulatory, noise, safety and reliability hurdles, including recent delivery mishaps. Starlink and Amazon Leo comparison
Amazon.com Price Performance
Shares of NASDAQ:AMZN opened at $258.63 on Friday. The company's fifty day moving average price is $249.86 and its 200-day moving average price is $239.34. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The firm has a market capitalization of $2.79 trillion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.72 and a beta of 1.45. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20.
Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm posted $1.68 EPS. The firm's revenue was up 19.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Douglas J. Herrington sold 3,741 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $262.76, for a total value of $982,985.16. Following the completion of the sale, the chief executive officer directly owned 467,138 shares in the company, valued at approximately $122,745,180.88. The trade was a 0.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 6,741 shares of company stock valued at $1,767,335. Insiders own 8.90% of the company's stock.
About Amazon.com
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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