Trust Asset Management LLC Purchases 3,414 Shares of Amazon.com, Inc. $AMZN

Trust Asset Management LLC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 107,563 shares of the e-commerce giant’s stock after purchasing an additional 3,414 shares during the period. Trust Asset Management LLC’s holdings in Amazon.com were worth $26,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $32,868,735,000. Auto Owners Insurance Co grew its stake in shares of Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after buying an additional 98,090,585 shares during the last quarter. J. Stern & Co. LLP increased its position in Amazon.com by 20,598.0% during the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after buying an additional 87,557,736 shares in the last quarter. Nuveen LLC bought a new position in Amazon.com during the 1st quarter valued at approximately $11,674,091,000. Finally, Cardano Risk Management B.V. raised its stake in Amazon.com by 879.4% during the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after buying an additional 25,017,588 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Morgan Stanley maintained a Buy rating and a $335 price target, arguing that AWS could eventually become a $1 trillion annual-revenue business. The firm’s bullish case sees substantial upside if AI demand supports sustained cloud growth and improved earnings. Amazon Maintained at Buy as Analyst Sees Trillion-Dollar AWS Opportunity
• Positive Sentiment: Several prominent investors increased their Amazon exposure. Stanley Druckenmiller raised Duquesne’s position by more than 11 times, David Tepper made Amazon Appaloosa’s largest holding, and Peter Thiel’s fund listed AMZN as its top disclosed stock. These filings reinforce institutional confidence in Amazon’s AI and cloud strategy. Billionaire Investors’ Amazon Positions
• Positive Sentiment: Investor commentary highlighted AWS’s internally developed chips as a potentially underappreciated business that could improve Amazon’s AI economics and create additional strategic value. Amazon’s Underappreciated Chip Business
• Positive Sentiment: Amazon’s investment in Anthropic has become large enough to affect reported earnings, adding potential upside from AI-related holdings, although private-company valuations can be difficult to realize. Amazon’s Anthropic Investment

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the transaction, the chief executive officer directly owned 14,159 shares in the company, valued at approximately $3,729,480.60. This trade represents a 52.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $278.39, for a total transaction of $278,390.00. Following the transaction, the chief executive officer owned 483,527 shares in the company, valued at $134,609,081.53. This represents a 0.21% 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 sold 62,650 shares of company stock valued at $16,535,457 in the last quarter. Insiders own 8.90% of the company’s stock.

Amazon.com Trading Down 0.5%

Amazon.com stock opened at $261.31 on Tuesday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a market cap of $2.82 trillion, a P/E ratio of 21.02, a P/E/G ratio of 1.75 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. The business has a 50-day simple moving average of $248.23 and a two-hundred day simple moving average of $238.78.

Amazon.com (NASDAQ:AMZN) last issued 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 firm had revenue of $200.61 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 EPS. Analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. DZ Bank increased their target price on Amazon.com from $295.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Robert W. Baird set a $310.00 price target on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 31st. Susquehanna reiterated a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. BMO Capital Markets reissued an “outperform” rating and set a $360.00 price objective (up from $355.00) on shares of Amazon.com in a research report on Tuesday, July 28th. Finally, Stifel Nicolaus set a $319.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $322.56.

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.