Amazon.com, Inc. $AMZN Position Lifted by Triumph Capital Management

Triumph Capital Management raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 20.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,897 shares of the e-commerce giant’s stock after acquiring an additional 4,598 shares during the period. Amazon.com makes up 1.1% of Triumph Capital Management’s portfolio, making the stock its 16th biggest position. Triumph Capital Management’s holdings in Amazon.com were worth $6,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. State Street Corp grew its holdings in shares of Amazon.com by 5.5% during the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock worth $95,504,904,000 after purchasing an additional 21,398,025 shares during the period. Bank of America Corp DE acquired a new stake in Amazon.com during the 2nd quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in Amazon.com during the 2nd quarter worth approximately $16,341,405,000. Amundi raised its holdings in Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after buying an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc purchased a new position in Amazon.com in the second quarter valued at approximately $12,831,376,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Roth Capital reissued a “buy” rating and issued a $325.00 price objective on shares of Amazon.com in a research report on Monday, August 3rd. Bank of America lifted their target price on shares of Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a report on Friday, July 31st. Barclays restated an “overweight” rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Pivotal Research reaffirmed a “buy” rating and set a $333.00 price target (up from $320.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a report on Friday, August 14th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $322.53.

Insider Activity

In other news, CEO Douglas J. Herrington sold 6,362 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the sale, the chief executive officer owned 476,681 shares of the company’s stock, valued at approximately $123,465,145.81. The trade was a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction dated 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. 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 a total of 71,589 shares of company stock worth $18,580,515 over the last ninety days. Insiders own 8.90% of the company’s stock.

Amazon.com News Roundup

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

• Positive Sentiment: AWS and custom AI chips remain the main bullish catalysts. Amazon opened its Trainium chips to PyTorch developers, potentially making its lower-cost custom silicon more attractive and reducing reliance on Nvidia. AWS reportedly posted its fastest growth in 18 quarters, although investors are watching whether growth can justify the planned infrastructure spending. Amazon custom AI silicon article
• Positive Sentiment: Analyst support and institutional buying provide a positive backdrop. Morgan Stanley named Amazon a top pick and raised its price target, citing an underappreciated AWS runway. Egerton Capital also reportedly added 1.14 million shares, while ETFs bought AMZN during the latest reported period. Morgan Stanley Amazon target article
• Positive Sentiment: Retail and logistics trends remain encouraging. Amazon is gaining fresh-grocery market share, and Jefferies says warehouse automation and third-party delivery could improve long-term retail margins by reducing labor and wage-inflation exposure. Record holiday hiring also signals expectations for strong seasonal demand. Amazon logistics automation article
• Neutral Sentiment: Amazon’s Germany expansion and data-center decisions have uncertain near-term financial effects. The company plans to invest more than €16 billion in Germany across AWS, AI, logistics and other operations, while abandoning a $427 million data-center project on George Washington University land and donating the property instead. These moves support long-term capacity but add execution and investment questions. Amazon Germany investment article
• Negative Sentiment: Heavy AI spending and power shortages are weighing on the investment case. Reports say billions of dollars of Nvidia systems are being stored because some Amazon data-center sites lack sufficient power. Combined with roughly $200 billion of planned capital spending and negative free cash flow, the issue raises concerns that AWS growth may not produce attractive returns quickly enough. Amazon Nvidia hardware and power shortages article
• Negative Sentiment: Competitive and regulatory risks are increasing. Walmart is embracing AI-agent commerce after Amazon began blocking outside agents from purchasing on its platform. A proposed Senate bill could also eliminate subsidies and impose tax penalties on large AI-focused data centers, potentially increasing Amazon’s infrastructure costs. Walmart and Amazon AI agents article

Amazon.com Trading Down 0.1%

AMZN opened at $262.37 on Thursday. The firm’s 50 day moving average is $256.15 and its 200-day moving average is $253.04. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.83 trillion, a P/E ratio of 21.11, a P/E/G ratio of 2.03 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last announced its 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 the consensus estimate of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. Analysts expect that Amazon.com, Inc. will post 8.02 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.