178,724 Amazon.com, Inc. $AMZN Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC cut its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 52.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 163,618 shares of the e-commerce giant's stock after selling 178,724 shares during the period. Amazon.com comprises approximately 1.7% of Axxcess Wealth Management LLC's investment portfolio, making the stock its 7th biggest holding. Axxcess Wealth Management LLC's holdings in Amazon.com were worth $40,765,000 at the end of the most recent quarter.

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

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon said commitments for its custom chips have increased more than 20-fold and plans to make Trainium available beyond AWS in late 2027, strengthening its opportunity to monetize AI infrastructure. Article: Amazon Stocks Edge Higher as Custom-Chip Commitments Increase More Than 20-Fold
• Positive Sentiment: Analyst support added momentum: Freedom Broker raised its price target to $330 and maintained a Buy rating, while Phillip Securities upgraded Amazon to Strong Buy. AWS growth is a key part of the bullish case. Freedom Broker rating
• Positive Sentiment: Early Black Friday promotions may support retail sales and customer engagement as Amazon enters the holiday shopping season. Article: Amazon Stock Rises on Early Black Friday Deals and Discounts
• Neutral Sentiment: Amazon’s updated software-engineering guidelines emphasize customer results rather than how much engineers use AI. The shift signals adaptation to AI-assisted development but has no clear immediate financial impact. Article: Amazon rewrites its software engineering playbook
• Negative Sentiment: Investors remain concerned that the AI buildout is weighing on cash generation: reports cited a $34.8 billion free-cash-flow outflow and plans for substantial infrastructure investment. Strong cloud growth may help justify the spending, but returns and funding remain risks. Article: Amazon Lines Up $80 Billion of Supplier Financing
• Negative Sentiment: A separate report highlighted concerns about slowing e-commerce growth and worsening cash burn despite accelerating cloud revenue, tempering the bullish AI narrative. Article: Amazon's Earnings Just Hit a Record. So Why Is the Stock Down 11% From Its Peak?

Amazon.com Trading Up 2.1%

Amazon.com stock opened at $250.69 on Wednesday. The stock has a 50-day simple moving average of $253.79 and a 200 day simple moving average of $243.18. The stock has a market capitalization of $2.71 trillion, a P/E ratio of 20.27, a PEG ratio of 1.86 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion during the quarter, compared to the consensus estimate of $202.22 billion. During the same quarter in the prior year, the company earned $1.95 EPS. Amazon.com's quarterly revenue was up 12.1% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 7.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Robert W. Baird set a $310.00 target price on Amazon.com and gave the stock an "outperform" rating in a report on Friday, July 31st. BMO Capital Markets restated an "outperform" rating on shares of Amazon.com in a research note on Tuesday, October 20th. Wedbush lowered their price target on Amazon.com from $310.00 to $298.00 and set an "outperform" rating on the stock in a research report on Friday, October 30th. Piper Sandler reiterated an "overweight" rating on shares of Amazon.com in a research note on Friday. Finally, Freedom Broker upped their price objective on Amazon.com from $255.00 to $330.00 and gave the stock a "buy" rating in a research note on Tuesday. Two investment 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 company's stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $321.02.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the firm's stock in a transaction 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 completion of the sale, the chief executive officer owned 17,794 shares of the company's stock, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the sale, the chief financial officer directly owned 109,207 shares of the company's stock, valued at $28,427,674.17. This represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,589 shares of company stock worth $18,302,125 in the last three months. 8.90% of the stock is owned by company insiders.

Amazon.com Company 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.

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