190,000 Amazon.com, Inc. $AMZN Shares Sold by Senator Investment Group LP

Key Points

• Senator Investment Group reduced its Amazon stake by 31.1%, selling 190,000 shares in the second quarter and retaining 420,000 shares worth approximately $100.1 million. Institutional investors collectively own 72.2% of Amazon.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds; Amazon has a “Moderate Buy” consensus rating and an average price target of $321.19, while several firms recently raised their targets.
• Amazon reported strong quarterly results, including $5.75 in earnings per share and $200.61 billion in revenue, up 19.6% year over year. However, the stock was trading down 1.4%, and executives have continued selling shares under pre-arranged trading plans.

Senator Investment Group LP lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 31.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 420,000 shares of the e-commerce giant's stock after selling 190,000 shares during the period. Amazon.com comprises 3.7% of Senator Investment Group LP's holdings, making the stock its 8th largest position. Senator Investment Group LP's holdings in Amazon.com were worth $100,103,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC acquired a new position in Amazon.com during the second quarter worth about $596,000. Benjamin Edwards Inc. increased its stake in shares of Amazon.com by 5.3% in the second quarter. Benjamin Edwards Inc. now owns 318,490 shares of the e-commerce giant's stock valued at $75,909,000 after buying an additional 16,079 shares during the period. GTS Securities LLC raised its holdings in Amazon.com by 69.6% during the 2nd quarter. GTS Securities LLC now owns 307,627 shares of the e-commerce giant's stock worth $73,320,000 after purchasing an additional 126,255 shares during the last quarter. Jasper Ridge Partners L.P. boosted its position in Amazon.com by 47.2% during the second quarter. Jasper Ridge Partners L.P. now owns 72,068 shares of the e-commerce giant's stock valued at $17,177,000 after acquiring an additional 23,120 shares during the last quarter. Finally, Private Harbour Investment Management & Counsel LLC grew its stake in Amazon.com by 0.4% during the second quarter. Private Harbour Investment Management & Counsel LLC now owns 13,175 shares of the e-commerce giant's stock worth $3,140,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Adobe expects U.S. consumers to spend approximately $10 billion during Amazon’s October Prime Day, contributing to a projected record $275 billion U.S. holiday shopping season. Higher online spending could support fourth-quarter sales, although aggressive retailer promotions may pressure margins. Amazon Has a $10 Billion Holiday Catalyst Coming in October
• Positive Sentiment: Analysts and investors continue to point to accelerating AWS growth, a large contracted backlog and rising AI-related cloud demand. Commentary that Amazon’s AI capital expenditures are beginning to generate returns supports the long-term bull case for AWS. I'd Buy Amazon Stock While It Sits 12% Below Its Record
• Positive Sentiment: Amazon is expanding its strategic footprint through robotics in India, low-carbon data-center infrastructure and its Leo satellite network. These initiatives could strengthen logistics, cloud infrastructure and future connectivity businesses, though they require substantial investment.
• Neutral Sentiment: Amazon’s comparison with Alibaba highlights that both companies are making major AI and cloud investments. The key differentiator for investors is whether AWS growth and profitability can justify Amazon’s spending pace.
• Negative Sentiment: Cheaper Anthropic Claude models are raising questions about AWS Bedrock pricing. Lower prices could reduce revenue per AI call, even if they stimulate greater usage and overall cloud consumption. Amazon Stock Falls as Cheaper Claude Tests Bedrock Elasticity
• Negative Sentiment: Senate Democrats are seeking information from Amazon and other technology companies about tax subsidies for AI and data-center development, creating potential regulatory and political uncertainty around future incentives. Sen. Warren Questions AI Tax Subsidies
• Negative Sentiment: A U.K. consumer lawsuit alleging that Apple and Amazon restricted competition in Apple-product sales was allowed to proceed in part, adding to Amazon’s legal and antitrust exposure. Apple and Amazon Face Revived UK Consumer Lawsuit

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Royal Bank Of Canada lifted their price target on shares of Amazon.com from $320.00 to $330.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Needham & Company LLC restated a "buy" rating and set a $300.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Barclays reissued an "overweight" rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Truist Financial boosted their price target on shares of Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $320.00 price objective (down from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.19.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 in the company, valued at $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 71,589 shares of company stock valued at $18,568,785. 8.90% of the stock is currently owned by insiders.

Amazon.com Trading Down 1.4%

AMZN opened at $246.15 on Tuesday. 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, Inc. has a one year low of $196.00 and a one year high of $287.20. The firm has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.93 and a beta of 1.44. The business has a 50 day simple moving average of $256.31 and a two-hundred day simple moving average of $247.42.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter in the previous year, the business posted $1.68 EPS. The company's quarterly revenue was up 19.6% on a year-over-year basis. Analysts predict that Amazon.com, Inc. will post 8.01 EPS for the current year.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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