Amazon.com, Inc. $AMZN Shares Purchased by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.6% in the second quarter, Holdings Channel.com reports. The firm owned 14,549 shares of the e-commerce giant’s stock after acquiring an additional 1,967 shares during the period. Amazon.com makes up about 1.3% of Thurston Springer Miller Herd & Titak Inc.’s investment portfolio, making the stock its 9th largest position. Thurston Springer Miller Herd & Titak Inc.’s holdings in Amazon.com were worth $3,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Asset Management LLC raised its position in Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after buying an additional 3,414 shares during the last quarter. MilWealth Group LLC boosted its position in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after acquiring an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. acquired a new position in Amazon.com during the 4th quarter worth approximately $45,000. Elkhorn Partners Limited Partnership grew its stake in shares of Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares in the last quarter. Finally, Fairway Wealth LLC grew its stake in shares of Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $328.00 price objective (up from $322.00) on shares of Amazon.com in a research report on Friday, July 31st. Royal Bank Of Canada raised their target price on shares of Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Maxim Group lifted their price target on shares of Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Benchmark boosted their price target on shares of Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Arete Research increased their price objective on shares of Amazon.com from $301.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $322.39.

Amazon.com Stock Performance

AMZN opened at $259.92 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The business has a 50 day moving average of $249.46 and a 200-day moving average of $239.21. The stock has a market cap of $2.80 trillion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.77 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same period in the previous year, the firm earned $1.68 EPS. The firm’s revenue was up 19.6% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Amazon.com News Summary

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

• Positive Sentiment: AI and AWS positioning: An analyst said the market is not giving Amazon enough credit for its AI strategy. AWS reportedly grew 37% year over year to $42.2 billion, while its AI business surpassed a $25 billion annualized revenue run rate. AWS backlog also reportedly reached $496 billion, supporting expectations for continued cloud growth. Amazon not getting enough credit for AI positioning
• Positive Sentiment: Prime Video expansion: Amazon committed $2 billion through 2030 to expand Prime Video’s original content, sports rights and third-party streaming offerings across Latin America. The investment could strengthen international engagement and broaden long-term advertising and subscription opportunities. Amazon commits $2 billion to expand Prime Video across Latin America
• Positive Sentiment: Investor and analyst support: David Tepper and Stanley Druckenmiller increased their Amazon positions during the second quarter. Rosenblatt initiated coverage with a Buy rating and a $335 price target, while the broader analyst consensus remains “Moderate Buy” with an average target of $322.56. Cathie Wood and Stanley Druckenmiller Agree On Amazon
• Neutral Sentiment: Drone delivery rollout: Prime Air is planned for nearly 500 U.S. cities by year-end, with deliveries potentially arriving within 30 minutes. The expansion could improve fulfillment differentiation, but regulatory, noise, privacy and execution challenges may limit the financial payoff. Amazon to expand drone service to nearly 500 cities
• Negative Sentiment: AI earnings-quality concerns: Investors are scrutinizing a reported $53.4 billion benefit tied to Anthropic’s higher valuation, worrying that paper gains may obscure underlying cash generation. Amazon’s large AI capital requirements could also pressure returns if demand fails to justify the spending. Amazon Falls as AI Gain Faces Scrutiny
• Negative Sentiment: Delivery-provider change: UPS is phasing out most last-mile delivery services for Amazon, potentially requiring Amazon to shift more volume to its own logistics network or other carriers. That could increase near-term fulfillment costs and operational complexity. UPS Is Walking Away From Amazon

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,741 shares of the company’s stock in a transaction 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 transaction, the chief executive officer directly owned 467,138 shares in the company, valued at $122,745,180.88. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,741 shares of company stock worth $1,767,335 over the last three months. Insiders own 8.90% of the company’s stock.

Amazon.com Profile

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.