Venturi Wealth Management LLC Has $23.48 Million Holdings in Amazon.com, Inc. $AMZN

Venturi Wealth Management LLC increased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 98,512 shares of the e-commerce giant’s stock after acquiring an additional 7,693 shares during the period. Venturi Wealth Management LLC’s holdings in Amazon.com were worth $23,479,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Gryphon Financial Partners LLC raised its position in shares of Amazon.com by 7.5% in the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after purchasing an additional 5,125 shares during the period. First Citizens Bank & Trust Co. grew its stake in Amazon.com by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock valued at $63,285,000 after buying an additional 5,104 shares during the last quarter. Narwhal Capital Management raised its holdings in Amazon.com by 2.3% in the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock valued at $49,997,000 after acquiring an additional 4,854 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Amazon.com by 21.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock worth $5,690,463,000 after acquiring an additional 4,275,942 shares during the last quarter. Finally, Blue Chip Partners LLC lifted its position in Amazon.com by 1.8% during the first quarter. Blue Chip Partners LLC now owns 147,461 shares of the e-commerce giant’s stock worth $30,712,000 after acquiring an additional 2,583 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMZN shares. Raymond James Financial reaffirmed an “outperform” rating and issued a $390.00 target price (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. Oppenheimer reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, July 31st. Wolfe Research reiterated an “outperform” rating and set a $315.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Truist Financial lifted their target price on Amazon.com from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, BNP Paribas Exane raised their price target on shares of Amazon.com from $320.00 to $345.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.39.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $260.28 on Thursday. The business’s fifty day simple moving average is $250.94 and its 200 day simple moving average is $239.94. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The firm has a market capitalization of $2.81 trillion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45.

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

Amazon.com News Summary

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

• Positive Sentiment: AWS expands its data-analytics offering. Amazon Web Services agreed to acquire DuckLabs, the team behind open-source DuckDB. The deal could strengthen AWS’s position in analytics and help attract developers and enterprise workloads, while DuckDB is expected to remain independent. Amazon DuckLabs acquisition
• Positive Sentiment: AI-related cloud demand remains a major catalyst. Amazon is reportedly negotiating with Moonshot AI to host its Kimi K3 model under a potential revenue-sharing arrangement. If completed, the agreement could add AI workloads to AWS, although U.S. scrutiny of Moonshot creates geopolitical and regulatory uncertainty. Reuters Moonshot AI article
• Positive Sentiment: Analysts and large investors remain optimistic. Citizens maintained a Market Outperform rating and a $315 price target, while several hedge funds and prominent investors, including Peter Thiel, David Tepper and Bill Ackman, have recently held or increased Amazon positions. These reports support the view that AMZN’s valuation and AWS growth remain attractive.
• Neutral Sentiment: Amazon is shutting down Mechanical Turk. The closure of the 21-year-old crowdsourcing platform on September 30 appears financially immaterial, but it signals continued portfolio streamlining as AI replaces some human-completed digital tasks. Mechanical Turk shutdown
• Negative Sentiment: AI spending is weighing on cash generation. AWS growth is reportedly accelerating, but infrastructure investment pushed trailing free cash flow backward by approximately $25.8 billion. Investors want evidence that massive data-center spending will translate into durable profits and improved cash flow. Amazon AWS free cash flow article
• Negative Sentiment: Executives sold more than $15 million of stock. CEO Andy Jassy, AWS CEO Matthew Garman, CFO Brian Olsavsky and other senior leaders reported sales. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their significance, but the concentration of selling can still weigh on sentiment. Amazon insider selling article

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following the sale, the chief executive officer owned 476,681 shares of the company’s stock, valued at approximately $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. 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 $18,580,205 in the last 90 days. 8.90% of the stock is currently owned by company insiders.

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.