Wealth Science Advisors LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 40.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,319 shares of the e-commerce giant’s stock after buying an additional 4,998 shares during the quarter. Amazon.com accounts for 1.8% of Wealth Science Advisors LLC’s investment portfolio, making the stock its 13th largest holding. Wealth Science Advisors LLC’s holdings in Amazon.com were worth $4,128,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Exchange Bank grew its position in shares of Amazon.com by 6.0% during the 2nd quarter. Exchange Bank now owns 7,695 shares of the e-commerce giant’s stock worth $1,834,000 after buying an additional 435 shares during the period. GoalVest Advisory LLC increased its stake in shares of Amazon.com by 1.4% in the 2nd quarter. GoalVest Advisory LLC now owns 22,148 shares of the e-commerce giant’s stock valued at $5,279,000 after acquiring an additional 312 shares in the last quarter. Aletheian Wealth Advisors LLC increased its stake in shares of Amazon.com by 7.7% in the 2nd quarter. Aletheian Wealth Advisors LLC now owns 9,380 shares of the e-commerce giant’s stock valued at $2,236,000 after acquiring an additional 673 shares in the last quarter. Sax Wealth Advisors LLC lifted its position in shares of Amazon.com by 15.9% during the 2nd quarter. Sax Wealth Advisors LLC now owns 43,306 shares of the e-commerce giant’s stock valued at $10,322,000 after acquiring an additional 5,947 shares during the period. Finally, Oliver Luxxe Assets LLC boosted its stake in Amazon.com by 2.9% during the second quarter. Oliver Luxxe Assets LLC now owns 1,740 shares of the e-commerce giant’s stock worth $415,000 after acquiring an additional 49 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Amazon.com news, CEO Douglas J. Herrington sold 3,741 shares of Amazon.com stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $262.76, for a total transaction of $982,985.16. Following the completion of the transaction, the chief executive officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,741 shares of company stock valued at $1,767,335. 8.90% of the stock is currently owned by company insiders.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The firm 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 business’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. On average, analysts expect that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.
More Amazon.com News
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
Analysts Set New Price Targets
AMZN has been the subject of a number of research reports. China Renaissance raised their price target on shares of Amazon.com from $300.00 to $326.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 31st. HSBC reissued a “buy” rating and set a $310.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Telsey Advisory Group set a $335.00 target price on Amazon.com and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $320.00 target price (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $322.39.
Get Our Latest Stock Report on Amazon.com
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.
Further Reading
- Five stocks we like better than Amazon.com
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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.
