WNY Asset Management LLC Acquires New Stake in Amazon.com, Inc. $AMZN

Key Points

• WNY Asset Management acquired 27,962 Amazon shares worth approximately $6.66 million in the second quarter, making Amazon its 27th-largest holding and representing about 0.6% of its portfolio.
• Institutional investors own 72.2% of Amazon’s shares, with several major firms adding or establishing sizable positions. Amazon recently reported $5.75 in quarterly EPS and $200.61 billion in revenue, both above analyst expectations.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and a $321.19 average price target, but investors are watching whether heavy AI infrastructure spending will generate sufficient returns and monitoring expansion risks in India and merchant services.

WNY Asset Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 27,962 shares of the e-commerce giant's stock, valued at approximately $6,664,000. Amazon.com accounts for about 0.6% of WNY Asset Management LLC's portfolio, making the stock its 27th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of AMZN. Bank of America Corp DE acquired a new stake in shares of Amazon.com in the 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com in the second quarter valued at about $16,341,405,000. Invesco Ltd. increased its stake in shares of Amazon.com by 3.3% during the fourth quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock worth $13,757,993,000 after acquiring an additional 1,879,630 shares during the period. Legal & General Group Plc purchased a new position in Amazon.com during the second quarter worth about $12,831,376,000. Finally, Amundi raised its holdings in Amazon.com by 14.1% during the first quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock worth $12,787,883,000 after purchasing an additional 7,590,952 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Price Performance

AMZN opened at $249.67 on Friday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The firm has a market cap of $2.69 trillion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.93 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. The company has a fifty day simple moving average of $256.39 and a 200 day simple moving average of $246.96.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion during 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 company's revenue was up 19.6% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS and AI infrastructure remain the central bullish case. Analysts and commentators argue that Amazon’s roughly $200 billion 2026 capital-expenditure plan reflects substantial demand for AWS computing, custom chips and AI capacity. Amazon is also reportedly preparing to receive approximately $2.4 billion in backup-generator orders from Generac in 2027 and 2028, underscoring the scale of its data-center expansion. Amazon AI capital expenditures article Generac data-center orders article
• Positive Sentiment: Expansion of merchant services could broaden revenue beyond Amazon.com. New tools let sellers manage listings, inventory and orders across channels including Walmart, Shopify, TikTok and eBay. Amazon is also extending Prime delivery and fulfillment services to merchants’ own websites, potentially increasing third-party logistics revenue and seller dependence on its ecosystem. Amazon merchant services article
• Neutral Sentiment: Anthropic remains strategically important, but its infrastructure is becoming more diversified. Anthropic committed about $11.6 billion to an Akamai CPU agreement, which can be viewed as a setback for AWS. However, Amazon retains a major equity stake and an ongoing AWS relationship, limiting the immediate financial impact. Anthropic Akamai agreement article
• Negative Sentiment: Investors remain concerned that AI spending may outpace monetization. Goldman Sachs estimates hyperscalers may need roughly $300 billion in additional AI revenue to justify their investments, while Michael Burry and Jefferies’ Chris Wood have warned of leverage, overcapacity and potential write-offs. Those concerns could pressure AMZN’s valuation despite strong AWS demand. Goldman Sachs AI spending article
• Negative Sentiment: Amazon’s $3 billion India quick-commerce investment adds near-term cost and execution risk while the company attempts to catch rivals with a relatively small market share. The decision to block Meta’s Muse shopping agent also risks diverting AI-driven purchases toward Shopify and other platforms. Amazon India investment article

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Robert W. Baird set a $310.00 target price on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Oppenheimer reissued an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. TD Cowen restated a "buy" rating and issued a $350.00 price target (up from $340.00) on shares of Amazon.com in a research note on Friday, July 31st. Raymond James Financial reiterated an "outperform" rating and issued a $390.00 price objective (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Barclays restated an "overweight" rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $321.19.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal 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 J. Herrington sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $254.77, for a total value of $254,770.00. Following the sale, the chief executive officer owned 475,681 shares in the company, valued at $121,189,248.37. The trade was a 0.21% 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 71,589 shares of company stock worth $18,568,785. Corporate insiders own 8.90% of the company's stock.

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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