Amazon.com, Inc. $AMZN Stock: QRG Capital Management Inc. Grows Position

QRG Capital Management Inc. increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,722,977 shares of the e-commerce giant’s stock after purchasing an additional 286,101 shares during the period. Amazon.com accounts for 2.8% of QRG Capital Management Inc.’s investment portfolio, making the stock its 6th largest holding. QRG Capital Management Inc.’s holdings in Amazon.com were worth $388,850,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Silvant Capital Management LLC purchased a new position in Amazon.com during the 2nd quarter worth $60,065,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Amazon.com in the second quarter valued at about $909,868,000. Northstar Financial Companies Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at about $3,376,000. Gryphon Financial Partners LLC increased its stake in shares of Amazon.com by 7.5% during the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after acquiring an additional 5,125 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in shares of Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after acquiring an additional 5,104 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew Garman sold 14,541 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer owned 17,794 shares of the company’s stock, valued at $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The sale 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 Douglas J. Herrington sold 6,362 shares of the business’s 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 $1,647,821.62. Following the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. This trade represents a 1.32% decrease in their ownership of the stock. 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 three months, insiders have sold 71,589 shares of company stock worth $18,580,515. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Stock Up 3.3%

AMZN opened at $262.43 on Friday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The business has a 50-day moving average of $258.83 and a two-hundred day moving average of $249.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The stock has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. Amazon.com’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 8.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AMZN shares. BMO Capital Markets restated an “outperform” rating and issued a $360.00 price objective (up from $355.00) on shares of Amazon.com in a research report on Tuesday, July 28th. Benchmark boosted their target price on Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Citigroup reissued a “market outperform” rating on shares of Amazon.com in a research note on Friday, August 14th. TD Cowen reissued a “buy” rating and issued a $350.00 price target on shares of Amazon.com in a report on Monday, October 5th. Finally, Bank of America increased 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. Fifty-six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.86.

About Amazon.com

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.