Amazon.com, Inc. $AMZN Shares Sold by Wellspring Financial Advisors LLC

Wellspring Financial Advisors LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,409 shares of the e-commerce giant’s stock after selling 2,119 shares during the quarter. Amazon.com accounts for approximately 0.3% of Wellspring Financial Advisors LLC’s portfolio, making the stock its 16th largest holding. Wellspring Financial Advisors LLC’s holdings in Amazon.com were worth $15,355,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Shakespeare Wealth Management LLC lifted its holdings in Amazon.com by 85.5% in the second quarter. Shakespeare Wealth Management LLC now owns 2,068 shares of the e-commerce giant’s stock valued at $493,000 after acquiring an additional 953 shares during the period. Brown Wealth Management LLC grew its stake in shares of Amazon.com by 3.3% during the 2nd quarter. Brown Wealth Management LLC now owns 8,557 shares of the e-commerce giant’s stock worth $2,039,000 after purchasing an additional 276 shares during the period. Fortitude Family Office LLC grew its stake in shares of Amazon.com by 2.2% during the 2nd quarter. Fortitude Family Office LLC now owns 8,030 shares of the e-commerce giant’s stock worth $1,914,000 after purchasing an additional 175 shares during the period. Fortem Financial Group LLC increased its holdings in shares of Amazon.com by 2.6% in the 2nd quarter. Fortem Financial Group LLC now owns 35,747 shares of the e-commerce giant’s stock valued at $8,520,000 after purchasing an additional 891 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC increased its holdings in shares of Amazon.com by 3.9% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 14,159 shares of the e-commerce giant’s stock valued at $3,375,000 after purchasing an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com News Summary

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

• Positive Sentiment: AWS expands its data-analytics offering. Amazon Web Services agreed to acquire DuckLabs, the team behind open-source DuckDB. The deal could strengthen AWS’s position in analytics and help attract developers and enterprise workloads, while DuckDB is expected to remain independent. Amazon DuckLabs acquisition
• Positive Sentiment: AI-related cloud demand remains a major catalyst. Amazon is reportedly negotiating with Moonshot AI to host its Kimi K3 model under a potential revenue-sharing arrangement. If completed, the agreement could add AI workloads to AWS, although U.S. scrutiny of Moonshot creates geopolitical and regulatory uncertainty. Reuters Moonshot AI article
• Positive Sentiment: Analysts and large investors remain optimistic. Citizens maintained a Market Outperform rating and a $315 price target, while several hedge funds and prominent investors, including Peter Thiel, David Tepper and Bill Ackman, have recently held or increased Amazon positions. These reports support the view that AMZN’s valuation and AWS growth remain attractive.
• Neutral Sentiment: Amazon is shutting down Mechanical Turk. The closure of the 21-year-old crowdsourcing platform on September 30 appears financially immaterial, but it signals continued portfolio streamlining as AI replaces some human-completed digital tasks. Mechanical Turk shutdown
• Negative Sentiment: AI spending is weighing on cash generation. AWS growth is reportedly accelerating, but infrastructure investment pushed trailing free cash flow backward by approximately $25.8 billion. Investors want evidence that massive data-center spending will translate into durable profits and improved cash flow. Amazon AWS free cash flow article
• Negative Sentiment: Executives sold more than $15 million of stock. CEO Andy Jassy, AWS CEO Matthew Garman, CFO Brian Olsavsky and other senior leaders reported sales. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their significance, but the concentration of selling can still weigh on sentiment. Amazon insider selling article

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 14,541 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the sale, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock worth $18,580,205 over the last 90 days. Company insiders own 8.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on AMZN shares. China Renaissance boosted their price objective 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. Evercore reiterated an “outperform” rating on shares of Amazon.com in a research report on Tuesday, July 28th. Rosenblatt Securities assumed coverage on Amazon.com in a research note on Thursday, August 20th. They set a “buy” rating and a $335.00 price target on the stock. DZ Bank upped their price target on Amazon.com from $295.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Wedbush raised their price objective on Amazon.com from $293.00 to $310.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $322.39.

Amazon.com Stock Down 0.3%

Shares of NASDAQ:AMZN opened at $260.28 on Thursday. The stock has a 50-day simple moving average of $250.94 and a 200-day simple moving average of $239.94. The stock has a market capitalization of $2.81 trillion, a P/E ratio of 20.94, a PEG ratio of 1.74 and a beta of 1.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) 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 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 the consensus estimate of $197.03 billion. During the same quarter last year, the company earned $1.68 earnings per share. Amazon.com’s revenue for the quarter was up 19.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

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.