Amazon.com, Inc. $AMZN Position Reduced by SlateStone Wealth LLC

SlateStone Wealth LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 112,677 shares of the e-commerce giant’s stock after selling 4,911 shares during the period. Amazon.com comprises approximately 2.1% of SlateStone Wealth LLC’s portfolio, making the stock its 8th largest holding. SlateStone Wealth LLC’s holdings in Amazon.com were worth $26,855,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Hansen & Associates Financial Group Inc. grew its stake in shares of Amazon.com by 9.9% during the second quarter. Hansen & Associates Financial Group Inc. now owns 8,520 shares of the e-commerce giant’s stock valued at $2,080,000 after buying an additional 767 shares during the last quarter. GFG Capital LLC lifted its stake in shares of Amazon.com by 1.0% in the 2nd quarter. GFG Capital LLC now owns 40,993 shares of the e-commerce giant’s stock valued at $9,770,000 after acquiring an additional 408 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in Amazon.com by 6.7% during the 2nd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 28,576 shares of the e-commerce giant’s stock valued at $6,811,000 after acquiring an additional 1,793 shares during the period. Palisade Asset Management LLC boosted its holdings in Amazon.com by 1.0% during the 2nd quarter. Palisade Asset Management LLC now owns 7,006 shares of the e-commerce giant’s stock valued at $1,670,000 after acquiring an additional 67 shares during the period. Finally, PCB Capital LLC grew its position in Amazon.com by 2.3% during the 2nd quarter. PCB Capital LLC now owns 8,018 shares of the e-commerce giant’s stock worth $1,911,000 after acquiring an additional 180 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 9,258 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 71,589 shares of company stock valued at $18,580,205 over the last quarter. 8.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Robert W. Baird set a $310.00 price target on Amazon.com and gave the stock an “outperform” rating in a research note on Friday, July 31st. Susquehanna reissued a “positive” rating and set a $325.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a report on Friday, July 31st. Maxim Group lifted their target price on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Piper Sandler reiterated an “overweight” rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $322.39.

Amazon.com News Summary

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

• Positive Sentiment: AWS is expanding its AI infrastructure. Amazon and Nvidia announced an expanded collaboration under which AWS plans to deploy an additional 2 million Nvidia GPUs by 2028, bringing the reported total commitment to roughly 3 million chips. The investment supports expected demand for AI cloud capacity and could strengthen AWS’s competitive position. Amazon Nvidia GPU deal
• Positive Sentiment: Analysts continue to see significant upside. Evercore ISI reiterated a Buy rating, citing improving retail economics and new AI growth opportunities. Citizens maintained an outperform rating and a $315 price target, while other coverage has highlighted AWS momentum, Amazon’s logistics network and a valuation that could support a higher earnings multiple. Evercore Amazon rating
• Positive Sentiment: Amazon is adding potential sales channels. YouTube now allows eligible U.S. creators to tag Amazon products in Shorts, videos and livestreams while earning commissions, potentially increasing product discovery and conversion. Amazon is also benefiting from the continued expansion of onsite advertising. YouTube Amazon product tagging
• Neutral Sentiment: AWS’s DuckLabs acquisition could improve analytics capabilities. AWS is acquiring the team behind the open-source DuckDB database, a move aimed at strengthening cloud data and analytics offerings. Financial terms were not disclosed, so the near-term earnings impact is uncertain. Amazon DuckLabs acquisition
• Negative Sentiment: Capital spending is weighing on free cash flow. Reports indicate that AWS growth is being accompanied by substantial infrastructure purchases, with trailing free cash flow reportedly declining despite higher operating cash flow. Investors may be concerned that planned AI investments will take time to produce sufficient returns.
• Negative Sentiment: Insider selling adds to investor caution. Six executives reportedly sold more than $15 million of Amazon shares, including a vice president’s sale of approximately $607,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their significance but may still affect sentiment. Amazon recent news

Amazon.com Trading Down 1.5%

NASDAQ AMZN opened at $256.26 on Friday. The stock has a market cap of $2.76 trillion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The stock has a 50 day simple moving average of $251.18 and a two-hundred day simple moving average of $240.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating 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 earned $1.68 earnings per share. On average, analysts forecast that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Amazon.com 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.