Independence Bank of Kentucky Purchases 2,199 Shares of Amazon.com, Inc. $AMZN

Independence Bank of Kentucky lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 87,730 shares of the e-commerce giant’s stock after purchasing an additional 2,199 shares during the quarter. Amazon.com accounts for approximately 2.5% of Independence Bank of Kentucky’s holdings, making the stock its 8th biggest holding. Independence Bank of Kentucky’s holdings in Amazon.com were worth $19,263,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Maryland Capital Advisors Inc. raised its position in Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the last quarter. Ryan Investment Management Inc. acquired a new position in Amazon.com in the second quarter worth $48,000. Cooksen Wealth LLC boosted its stake in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after purchasing an additional 47 shares in the last quarter. Finally, MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Amazon.com during the first quarter worth $59,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

AMZN opened at $232.25 on Thursday. The company has a fifty day moving average price of $230.34 and a two-hundred day moving average price of $225.97. The firm has a market capitalization of $2.48 trillion, a PE ratio of 32.80, a P/E/G ratio of 1.60 and a beta of 1.37. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The company had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the business posted $1.43 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the completion of the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total transaction of $280,316.57. Following the completion of the sale, the director owned 26,148 shares in the company, valued at $5,925,398.28. This represents a 4.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 82,234 shares of company stock valued at $19,076,767. Insiders own 9.70% of the company’s stock.

Amazon.com News Summary

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

• Positive Sentiment: Wall Street and strategy pieces highlight AWS + AI as the primary upside driver for 2026 and beyond — analysts see accelerating AWS growth, AI share gains and improving margins as the bull case. Amazon’s 2026 Bull Case Isn’t Retail — It’s AWS, AI And Margin Discipline
• Positive Sentiment: Multiple firms maintain buy/outperform ratings and ~$300 median price target (some above $300), underpinning investor conviction and setting a clear upside reference point. Amazon Looks Stuck—So Why Do Analysts Keep Calling for $300?
• Positive Sentiment: Amazon announced Alexa integrations with Square, Expedia, Yelp and Angi for agentic AI features — expands ecosystem and monetization opportunities for voice/assistant commerce. Amazon Intros AI Integrations For Alexa
• Positive Sentiment: Billionaire investor activity: Third Point reportedly increased its AMZN stake, a vote of confidence that can support sentiment and flows. Billionaire Investor Bets Bigger On Amazon As Cloud, AI Soar
• Neutral Sentiment: Technical/flow signals: a recent Power Inflow alert flagged institutional order flow into AMZN — may attract short?term traders but is not a fundamental catalyst. Amazon Shares Hit Intraday High After Key Trading Signal
• Negative Sentiment: Zoox recall: Amazon’s self?driving unit will recall 332 U.S. vehicles for an Automated Driving Systems software issue — raises operational, PR and potential regulatory risk for the autonomy arm. Amazon’s Zoox to recall 332 US vehicles over software error
• Negative Sentiment: Amazon is blocking third?party AI shopping agents from scraping its site while exploring partnerships — a defensive move that could lead to friction with AI startups and consumer?facing partners, creating short?term uncertainty for retail discovery and ad revenue dynamics. Amazon Tightens Platform Access as AI Shopping Agents Expand Amazon faces ‘leader’s dilemma’ — fight AI shopping bots or join them
• Negative Sentiment: Political/regulatory scrutiny: Senators (e.g., Elizabeth Warren) are probing whether big cloud players are shifting AI data?center energy costs to consumers — potential for regulation, higher compliance costs or reputational pressure. Elizabeth Warren Warns Amazon And Meta Could Be Passing AI Data Center Costs Onto Consumers
• Negative Sentiment: Heavy insider selling and mixed institutional flows continue to draw attention — notable sales by senior insiders can weigh on sentiment despite long?term bullish thesis. Amazon Stock (AMZN) Opinions on AI and Cloud Expansion

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $305.00 price target on shares of Amazon.com in a report on Thursday, December 4th. DA Davidson boosted their target price on shares of Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wolfe Research upped their target price on shares of Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Susquehanna set a $300.00 price target on shares of Amazon.com and gave the company a “positive” rating in a report on Friday, October 31st. Finally, Bank of America boosted their price objective on shares of Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Two analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $295.50.

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.