38,086 Shares of Amazon.com, Inc. $AMZN Bought by Reliant Investment Management LLC

Reliant Investment Management LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,086 shares of the e-commerce giant’s stock, valued at approximately $9,489,000. Amazon.com comprises 3.2% of Reliant Investment Management LLC’s portfolio, making the stock its 11th largest position.

Several other institutional investors have also recently bought and sold shares of AMZN. Fortitude Family Office LLC boosted its stake in shares of Amazon.com by 32.2% during the third quarter. Fortitude Family Office LLC now owns 10,614 shares of the e-commerce giant’s stock valued at $2,610,000 after purchasing an additional 2,584 shares in the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of Amazon.com by 50.9% in the third quarter. Meridian Investment Counsel Inc. now owns 8,744 shares of the e-commerce giant’s stock valued at $2,179,000 after buying an additional 2,948 shares during the period. Godsey & Gibb Inc. increased its stake in shares of Amazon.com by 0.3% in the third quarter. Godsey & Gibb Inc. now owns 16,993 shares of the e-commerce giant’s stock valued at $4,234,000 after buying an additional 57 shares during the period. Weil Company Inc. increased its stake in shares of Amazon.com by 1.4% in the third quarter. Weil Company Inc. now owns 9,344 shares of the e-commerce giant’s stock valued at $2,328,000 after buying an additional 133 shares during the period. Finally, SC&H Financial Advisors Inc. raised its holdings in Amazon.com by 33.7% in the 3rd quarter. SC&H Financial Advisors Inc. now owns 8,421 shares of the e-commerce giant’s stock valued at $2,098,000 after buying an additional 2,124 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 4.6%

Shares of NASDAQ AMZN opened at $250.38 on Friday. The company has a market capitalization of $2.70 trillion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week 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. The company’s 50 day moving average price is $255.85 and its 200-day moving average price is $253.33.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $197.03 billion. During the same period in the prior year, the firm posted $1.68 EPS. The company’s quarterly revenue was up 19.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 8.01 earnings per share for the current year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Strong AWS and AI growth remain the central bull case. AWS is reportedly expanding at its fastest pace in 18 quarters, while Amazon’s custom Trainium chips are being made available to PyTorch developers. Analysts see cloud growth, advertising, operating leverage and AI infrastructure as potential drivers of substantial long-term upside. Amazon AI growth and upside analysis
• Positive Sentiment: Institutional and analyst support provided a counterpoint. Morgan Stanley named Amazon a top pick and raised its price target, while Citadel increased its Amazon position. Jefferies also said warehouse automation and Amazon’s logistics network could improve retail margins over time. Citadel Amazon stake and AI bubble article
• Positive Sentiment: Amazon continues to expand strategic growth opportunities. The company is involved in a proposed 960-megawatt nuclear project in Indiana, and data indicate it is gaining fresh-grocery market share from traditional supermarkets. Amazon nuclear energy project
• Neutral Sentiment: Third-quarter results are the immediate focus. Wall Street expects earnings growth, but investors are watching AWS growth, operating margins, free cash flow and management’s outlook for capital expenditures. The company’s recent spending plans reportedly approach $200 billion to $220 billion, making the earnings call particularly important. Amazon earnings preview
• Negative Sentiment: AI investment is raising return-on-capital concerns. Reports say some Nvidia-powered server racks purchased by Amazon are sitting idle because data centers lack sufficient electricity, while Amazon has also abandoned a planned Virginia data-center campus. Such developments could delay monetization of its massive infrastructure spending. Amazon Nvidia chips and data-center power report
• Negative Sentiment: Competitive, regulatory and labor risks remain overhangs. Debate over whether AI is in a bubble, Walmart’s more open approach to AI-agent commerce, a proposed bill targeting subsidies for large AI data centers, and renewed Teamsters pressure on delivery rules could increase uncertainty or costs. Amazon and Walmart AI-agent commerce article

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMZN shares. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Phillip Securities downgraded shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, August 3rd. Susquehanna reiterated a “positive” rating on shares of Amazon.com in a report on Tuesday, October 6th. Citigroup reiterated a “market outperform” rating on shares of Amazon.com in a report on Friday, August 14th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $315.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.53.

Insiders Place Their Bets

In related news, CFO Brian Olsavsky sold 6,172 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the transaction, the chief financial officer owned 109,207 shares in the company, valued at $28,427,674.17. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock valued at $18,580,515 over the last quarter. Company insiders own 8.90% of the company’s stock.

Amazon.com Profile

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.