Smith Chas P & Associates PA Cpas boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 195,038 shares of the e-commerce giant’s stock after acquiring an additional 4,639 shares during the quarter. Amazon.com accounts for approximately 2.3% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 15th biggest holding. Smith Chas P & Associates PA Cpas’ holdings in Amazon.com were worth $46,485,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Talon Private Wealth LLC increased its holdings in Amazon.com by 20.0% during the 2nd quarter. Talon Private Wealth LLC now owns 18,859 shares of the e-commerce giant’s stock worth $4,495,000 after purchasing an additional 3,139 shares in the last quarter. Marathon Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 0.3% in the second quarter. Marathon Wealth Advisors LLC now owns 43,760 shares of the e-commerce giant’s stock valued at $10,430,000 after purchasing an additional 114 shares in the last quarter. U S Wealth Group LLC. boosted its position in shares of Amazon.com by 7.7% during the second quarter. U S Wealth Group LLC. now owns 21,770 shares of the e-commerce giant’s stock valued at $5,189,000 after buying an additional 1,562 shares during the last quarter. Junto Capital Management LP boosted its position in shares of Amazon.com by 78.9% during the second quarter. Junto Capital Management LP now owns 594,790 shares of the e-commerce giant’s stock valued at $141,762,000 after buying an additional 262,232 shares during the last quarter. Finally, Bouchey Financial Group Ltd. grew its holdings in Amazon.com by 1.2% during the second quarter. Bouchey Financial Group Ltd. now owns 117,848 shares of the e-commerce giant’s stock worth $28,088,000 after buying an additional 1,423 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently commented on AMZN. Royal Bank Of Canada increased their price target on Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $375.00 target price (up from $335.00) on shares of Amazon.com in a report on Friday, July 31st. Bank of America raised their price target on shares of Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company restated an “overweight” rating and set a $338.00 price target (up from $328.00) on shares of Amazon.com in a report on Thursday, September 3rd. Finally, TD Cowen reaffirmed a “buy” rating and issued a $350.00 price objective on shares of Amazon.com in a research report on Monday, October 5th. Fifty-six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $322.86.
Trending Headlines about Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
- Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
- Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
- Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
- Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
- Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.
Amazon.com Trading Up 3.3%
NASDAQ AMZN opened at $262.43 on Friday. The business’s fifty day moving average is $258.83 and its 200-day moving average is $249.88. 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 stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.96 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 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. 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 analyst estimates of $197.03 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 8.03 EPS for the current year.
Insider Transactions at Amazon.com
In related news, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the sale, the chief financial officer owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 71,589 shares of company stock valued at $18,580,515. Corporate insiders own 8.90% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.
Amazon’s major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.
Featured Articles
- Five stocks we like better than Amazon.com
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
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).
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.
