Sanders Morris Harris LLC Buys 13,254 Shares of Amazon.com, Inc. $AMZN

Sanders Morris Harris LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 361.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,924 shares of the e-commerce giant’s stock after acquiring an additional 13,254 shares during the period. Sanders Morris Harris LLC’s holdings in Amazon.com were worth $4,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp increased its position in shares of Amazon.com by 5.5% in the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after buying an additional 21,398,025 shares in the last quarter. Bank of America Corp DE acquired a new stake in Amazon.com during the 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new position in Amazon.com during the second quarter worth about $16,341,405,000. Amundi lifted its holdings in Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Amazon.com during the second quarter worth about $12,831,376,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the company’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 transaction of $606,860.43. Following the completion of the transaction, the vice president owned 119,780 shares of the company’s stock, valued at $31,024,217.80. This represents a 1.92% decrease in their position. The transaction 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, CEO Matthew Garman sold 14,541 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer directly 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 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 worth $18,580,515 in the last 90 days. Company insiders own 8.90% of the company’s stock.

Amazon.com News Roundup

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

• Positive Sentiment: AWS and custom AI chips remain the main bullish catalysts. Amazon opened its Trainium chips to PyTorch developers, potentially making its lower-cost custom silicon more attractive and reducing reliance on Nvidia. AWS reportedly posted its fastest growth in 18 quarters, although investors are watching whether growth can justify the planned infrastructure spending. Amazon custom AI silicon article
• Positive Sentiment: Analyst support and institutional buying provide a positive backdrop. Morgan Stanley named Amazon a top pick and raised its price target, citing an underappreciated AWS runway. Egerton Capital also reportedly added 1.14 million shares, while ETFs bought AMZN during the latest reported period. Morgan Stanley Amazon target article
• Positive Sentiment: Retail and logistics trends remain encouraging. Amazon is gaining fresh-grocery market share, and Jefferies says warehouse automation and third-party delivery could improve long-term retail margins by reducing labor and wage-inflation exposure. Record holiday hiring also signals expectations for strong seasonal demand. Amazon logistics automation article
• Neutral Sentiment: Amazon’s Germany expansion and data-center decisions have uncertain near-term financial effects. The company plans to invest more than €16 billion in Germany across AWS, AI, logistics and other operations, while abandoning a $427 million data-center project on George Washington University land and donating the property instead. These moves support long-term capacity but add execution and investment questions. Amazon Germany investment article
• Negative Sentiment: Heavy AI spending and power shortages are weighing on the investment case. Reports say billions of dollars of Nvidia systems are being stored because some Amazon data-center sites lack sufficient power. Combined with roughly $200 billion of planned capital spending and negative free cash flow, the issue raises concerns that AWS growth may not produce attractive returns quickly enough. Amazon Nvidia hardware and power shortages article
• Negative Sentiment: Competitive and regulatory risks are increasing. Walmart is embracing AI-agent commerce after Amazon began blocking outside agents from purchasing on its platform. A proposed Senate bill could also eliminate subsidies and impose tax penalties on large AI-focused data centers, potentially increasing Amazon’s infrastructure costs. Walmart and Amazon AI agents article

Wall Street Analyst Weigh In

A number of research firms have recently commented on AMZN. Telsey Advisory Group set a $335.00 price target on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 31st. Tigress Financial reiterated a “buy” rating and set a $385.00 price objective (up from $315.00) on shares of Amazon.com in a report on Tuesday, October 6th. 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. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $325.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $322.53.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $262.37 on Thursday. The firm has a market cap of $2.83 trillion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. The stock’s 50-day moving average is $256.15 and its 200-day moving average is $253.04. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. 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 (NASDAQ:AMZN) last posted 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 company 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%. Amazon.com’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. Equities analysts predict that Amazon.com, Inc. will post 8.02 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.