Amazon.com, Inc. $AMZN Shares Bought by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC grew its position in Amazon.com, Inc. (NASDAQ:AMZN) by 15.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 43,306 shares of the e-commerce giant’s stock after purchasing an additional 5,947 shares during the period. Sax Wealth Advisors LLC’s holdings in Amazon.com were worth $10,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Red Crane Wealth Management LLC lifted its holdings in shares of Amazon.com by 2.3% in the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock valued at $346,000 after purchasing an additional 38 shares in the last quarter. Robinson Smith Wealth Advisors LLC increased its stake in shares of Amazon.com by 0.7% during the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock worth $1,147,000 after purchasing an additional 40 shares in the last quarter. Sfam LLC increased its stake in shares of Amazon.com by 3.4% during the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock worth $255,000 after purchasing an additional 40 shares in the last quarter. Measured Risk Portfolios Inc. raised its position in shares of Amazon.com by 3.4% during the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock worth $251,000 after purchasing an additional 40 shares during the last quarter. Finally, CoreFirst Bank & Trust raised its position in shares of Amazon.com by 1.1% during the 1st quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant’s stock worth $754,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,741 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were 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 of the company’s stock, valued at $122,745,180.88. This represents a 0.79% decrease in their position. The transaction 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. In the last three months, insiders sold 6,741 shares of company stock valued at $1,767,335. 8.90% of the stock is owned by insiders.

Amazon.com Price Performance

AMZN stock opened at $259.92 on Friday. The stock has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. 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 52-week low of $196.00 and a 52-week high of $287.20. The stock’s fifty day simple moving average is $249.46 and its 200-day simple moving average is $239.21.

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

Trending Headlines about Amazon.com

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

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price on shares of Amazon.com in a report on Friday, July 31st. TD Cowen restated a “buy” rating and issued a $350.00 price objective (up from $340.00) on shares of Amazon.com in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $325.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 18th. Finally, DZ Bank boosted their target price on shares of Amazon.com from $295.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $322.39.

Amazon.com Company 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.