Quantum Financial Advisors LLC Acquires 6,456 Shares of Amazon.com, Inc. $AMZN

Quantum Financial Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 38.7% in the second quarter, Holdings Channel.com reports. The firm owned 23,131 shares of the e-commerce giant’s stock after acquiring an additional 6,456 shares during the period. Quantum Financial Advisors LLC’s holdings in Amazon.com were worth $5,513,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Shulman DeMeo Asset Management LLC raised its position in Amazon.com by 3.3% in the 2nd quarter. Shulman DeMeo Asset Management LLC now owns 4,717 shares of the e-commerce giant’s stock worth $1,124,000 after purchasing an additional 150 shares during the period. Sprinkle Financial Consultants LLC boosted its position in Amazon.com by 5.5% during the second quarter. Sprinkle Financial Consultants LLC now owns 11,962 shares of the e-commerce giant’s stock valued at $2,851,000 after buying an additional 625 shares during the period. Williams & Novak LLC boosted its position in Amazon.com by 18.8% during the second quarter. Williams & Novak LLC now owns 5,558 shares of the e-commerce giant’s stock valued at $1,325,000 after buying an additional 879 shares during the period. Victrix Investment Advisors grew its stake in shares of Amazon.com by 6.4% during the second quarter. Victrix Investment Advisors now owns 45,054 shares of the e-commerce giant’s stock valued at $10,738,000 after buying an additional 2,705 shares during the last quarter. Finally, MFG Wealth Management Inc. grew its stake in shares of Amazon.com by 3.6% during the second quarter. MFG Wealth Management Inc. now owns 14,548 shares of the e-commerce giant’s stock valued at $3,467,000 after buying an additional 501 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,741 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $262.76, for a total value of $982,985.16. Following the completion of the sale, the chief executive officer owned 467,138 shares of the company’s stock, valued at $122,745,180.88. This trade represents a 0.79% decrease in their ownership of the stock. The sale 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. Also, SVP David Zapolsky sold 9,270 shares of Amazon.com stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 16,011 shares of company stock valued at $4,256,608. 8.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMZN shares. Monness Crespi & Hardt boosted their target price on Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Roth Capital restated a “buy” rating and set a $325.00 price target on shares of Amazon.com in a research report on Monday, August 3rd. Benchmark lifted their price target on Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $375.00 price objective (up from $335.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Raymond James Financial reissued an “outperform” rating and set a $390.00 price objective (up from $280.00) on shares of Amazon.com 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 given a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $322.56.

Amazon.com News Summary

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

• Positive Sentiment: Prime Air expansion: Amazon plans to expand drone delivery to nearly 500 U.S. cities and towns by the end of 2026, roughly six times its current footprint. Deliveries could arrive in as little as 30 minutes for packages weighing up to five pounds. The move reinforces Amazon’s delivery advantage and supports efforts to compete with Walmart, FedEx and other logistics providers. Amazon to expand drone service to nearly 500 cities
• Positive Sentiment: AWS and AI momentum: AWS revenue reportedly grew 37% year over year to $42.2 billion in the latest quarter, its fastest growth in 18 quarters. Amazon also said its AWS AI business surpassed a $25 billion annualized revenue run rate, strengthening the case that AI workloads are accelerating cloud growth and could improve long-term earnings. Amazon’s AI business passed a $25 billion run rate
• Positive Sentiment: Infrastructure investment: Amazon increased its planned investment in a northwest Louisiana data-center campus from $12 billion to approximately $18 billion, signaling sustained demand for AWS capacity and allowing the company to secure power and water infrastructure in advance of regional grid constraints. Amazon Plugs $18B Into the Southern Power Grid
• Positive Sentiment: Analyst support: Wall Street’s average price target implies substantial potential upside, with analysts citing improving earnings estimates and AWS reacceleration. Wall Street analysts think Amazon could surge
• Neutral Sentiment: Alexa+ availability: Amazon made its AI-powered Alexa+ available at no additional cost to Fire TV users without requiring Prime membership. The broader user base could support future engagement and monetization, although the immediate financial impact is unclear. Amazon makes Alexa+ free on Fire TV
• Negative Sentiment: Capital-spending risks: The rapid data-center and AI buildout may pressure free cash flow, depreciation and returns. AWS also faces rising competition from other cloud providers and specialized AI infrastructure companies.
• Negative Sentiment: Insider transaction: CEO Douglas Herrington sold 3,741 shares worth approximately $983,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by only 0.79%, making it a limited bearish signal. SEC insider transaction filing

Amazon.com Stock Up 2.5%

Shares of NASDAQ:AMZN opened at $265.84 on Thursday. The stock’s 50-day moving average is $249.09 and its 200 day moving average is $239.06. The company has a market cap of $2.87 trillion, a PE ratio of 21.39, a P/E/G ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business’s revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 8.05 EPS 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.