TD Waterhouse Canada Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,257,562 shares of the e-commerce giant’s stock after acquiring an additional 49,075 shares during the quarter. Amazon.com makes up 1.4% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 19th largest position. TD Waterhouse Canada Inc.’s holdings in Amazon.com were worth $545,870,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bard Associates Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Amazon.com during the second quarter valued at about $33,000. Lifetime Wealth Management P.C. bought a new position in Amazon.com in the fourth quarter worth about $45,000. Prudent Man Investment Management Inc. raised its stake in Amazon.com by 87.7% in the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after buying an additional 107 shares in the last quarter. Finally, Strategic Wealth Advisors LLC purchased a new stake in Amazon.com in the second quarter worth about $68,000. 72.20% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $254.77, for a total transaction of $254,770.00. Following the completion of the sale, the chief executive officer owned 475,681 shares of the company’s stock, valued at $121,189,248.37. This trade 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. Over the last three months, insiders sold 70,589 shares of company stock worth $18,329,015. 8.90% of the stock is currently owned by company insiders.
Amazon.com News Roundup
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AWS data-center push received support: Amazon Web Services pledged more than $1 billion over five years for communities hosting its U.S. data centers, including job training, education and infrastructure initiatives. The investment is intended to ease resistance to new facilities and help Amazon secure capacity for AI workloads. Amazon to invest $1 billion over five years in US data center communities
- Positive Sentiment: AI and AWS growth remain the main bullish catalyst: Reports highlighted AWS’s rapid expansion, a more than $1 billion Synopsys agreement supporting custom-chip development, and Anthropic’s expected long-term AWS commitments of roughly $110 billion. Amazon also launched an AI agent that audits customers’ cloud environments, potentially increasing AWS usage while improving customer cost, security and performance management. Amazon Is Both Landlord And Shareholder In Anthropic’s Giant Cloud Bet
- Positive Sentiment: Analyst confidence provided additional support: Goldman Sachs added Amazon to its conviction list, while New Street raised its price target to $385 and maintained a Buy rating. Analysts cited AWS growth, generative AI exposure and potential retail-margin improvement as reasons for longer-term upside. New Street Adjusts Price Target on Amazon.com to $385
- Neutral Sentiment: Amazon is reportedly exploring an $8 billion chip sale-and-leaseback: Moving Nvidia AI chips to an investment vehicle could make the balance sheet more asset-light and help fund capital spending, but it also underscores the scale of Amazon’s AI infrastructure costs and financing requirements. Amazon seeks to offload $8 billion of Nvidia chips
- Negative Sentiment: Investors face profitability and regulatory risks: Analysts questioned how much AWS earnings are distorted by unrealized Anthropic investment gains, while surging AI capital expenditures could pressure free cash flow. Potential tougher EU cloud rules, data-center opposition, warehouse labor actions and Prime-related settlement payments add further uncertainty. What Are Amazon Investors Paying for AWS Without Investment Gains?
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Zacks Research cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Monness Crespi & Hardt upped their price target on Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $338.00 price objective (up from $328.00) on shares of Amazon.com in a research report on Thursday, September 3rd. Barclays reissued an “overweight” rating and issued a $365.00 target price (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Benchmark lifted their price target on Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $321.63.
Read Our Latest Report on Amazon.com
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $251.52 on Friday. The company has a market cap of $2.71 trillion, a P/E ratio of 20.23, a P/E/G ratio of 1.92 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 firm’s fifty day moving average is $257.06 and its two-hundred day moving average is $248.25.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) 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 return on equity of 18.00% and a net margin of 17.44%.The business’s revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.68 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.
Amazon.com Profile
Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.
Amazon’s major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.
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