Synergy Asset Management LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 16.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 173,957 shares of the e-commerce giant’s stock after purchasing an additional 24,331 shares during the quarter. Amazon.com comprises about 3.9% of Synergy Asset Management LLC’s holdings, making the stock its 5th largest position. Synergy Asset Management LLC’s holdings in Amazon.com were worth $41,461,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. RWQ Financial Management Services Inc. grew its stake in Amazon.com by 5.9% during the second quarter. RWQ Financial Management Services Inc. now owns 29,765 shares of the e-commerce giant’s stock valued at $7,094,000 after acquiring an additional 1,650 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Amazon.com by 5.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,706,712 shares of the e-commerce giant’s stock worth $1,360,138,000 after purchasing an additional 308,622 shares in the last quarter. Praxis Capital Management LLC boosted its holdings in Amazon.com by 53.0% in the 2nd quarter. Praxis Capital Management LLC now owns 6,120 shares of the e-commerce giant’s stock valued at $1,459,000 after purchasing an additional 2,120 shares during the period. IRON Financial LLC boosted its holdings in Amazon.com by 12.5% in the 2nd quarter. IRON Financial LLC now owns 15,694 shares of the e-commerce giant’s stock valued at $3,741,000 after purchasing an additional 1,747 shares during the period. Finally, Vanderbilt University grew its position in shares of Amazon.com by 50.9% during the 2nd quarter. Vanderbilt University now owns 36,959 shares of the e-commerce giant’s stock valued at $8,809,000 after purchasing an additional 12,465 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, CFO Brian T. Olsavsky sold 6,172 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the sale, the chief financial officer owned 109,207 shares of the company’s stock, valued at $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,589 shares of company stock valued at $18,314,015 over the last three months. Insiders own 8.90% of the company’s stock.
Amazon.com Trading Down 2.5%
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced 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. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current year.
Amazon.com News Roundup
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AWS expansion supports long-term growth. AWS is bringing OpenAI, Meta and Anthropic models to AWS GovCloud, potentially strengthening Amazon’s position in government AI workloads. Separately, AWS plans more than $5.3 billion in cloud infrastructure investment in Saudi Arabia. Amazon brings AI models to AWS GovCloud
- Positive Sentiment: Operating momentum remains a bullish counterweight. Recent coverage highlights accelerating AWS growth, expanding advertising revenue and improving profitability. Amazon’s latest reported quarter included $200.6 billion of revenue, up nearly 20% year over year, while AWS revenue rose 36.7% to $42.2 billion and generated $16.6 billion in operating income. Analysts cited in the articles continue to see additional upside, with a reported median price target of $320. Amazon growth outlook
- Neutral Sentiment: Capital spending remains a key debate. Amazon’s roughly $220 billion 2026 capital-expenditure plan is intended to build AI and cloud capacity, but investors remain concerned about near-term free-cash-flow pressure and whether the spending will generate adequate returns.
- Negative Sentiment: FTC lawsuit creates substantial regulatory risk. The Federal Trade Commission and 22 states allege Amazon secretly manipulated ad auctions and used undisclosed surcharges to overcharge approximately 1.2 million advertisers by more than $20 billion. Potential remedies, damages, changes to Amazon Ads and reputational harm could threaten a rapidly growing, high-margin business. Amazon denies the allegations and says regulators mischaracterized its auction system. FTC lawsuit against Amazon
- Negative Sentiment: Near-term sentiment is particularly sensitive because AMZN is trading near record levels. The lawsuit gives investors a fresh reason to take profits and reassess valuation, even as the company’s underlying cloud and advertising growth remains strong.
Analyst Upgrades and Downgrades
AMZN has been the topic of a number of research analyst reports. Monness Crespi & Hardt upped their target price on Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their price target on Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Telsey Advisory Group set a $335.00 price objective on Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 31st. Citizens Jmp restated a “market outperform” rating and issued a $315.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Finally, Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $323.09.
View Our Latest Research Report on AMZN
About Amazon.com
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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