268,801 Amazon.com, Inc. $AMZN Shares Sold by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments cut its Amazon stake by 17.1%, selling 268,801 shares in the third quarter and retaining 1.31 million shares worth approximately $325.7 million. Institutional investors collectively own 72.2% of Amazon.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $322.53 versus the reported $250 share price.
• Investors are watching Amazon’s upcoming Oct. 29 earnings report for AWS growth, margins, capital spending and AI investment updates, while concerns persist over heavy AI-related spending, free cash flow pressure and broader weakness in technology stocks.

Montrusco Bolton Investments Inc. reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,307,343 shares of the e-commerce giant's stock after selling 268,801 shares during the period. Amazon.com makes up 5.3% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 5th biggest holding. Montrusco Bolton Investments Inc.'s holdings in Amazon.com were worth $325,725,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AMZN. Trust Asset Management LLC grew its position in Amazon.com by 3.3% during the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock worth $26,000 after buying an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. purchased a new stake in shares of Amazon.com in the 2nd quarter valued at about $29,000. Bard Associates Inc. purchased a new stake in shares of Amazon.com in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC bought a new stake in shares of Amazon.com during the 2nd quarter valued at about $33,000. Finally, Atomic Invest LLC boosted its position in shares of Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of several research reports. Morgan Stanley reiterated an "overweight" rating and issued a $335.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. TD Cowen reiterated a "buy" rating and issued a $350.00 price objective on shares of Amazon.com in a report on Monday, October 5th. Piper Sandler reiterated an "overweight" rating and issued a $320.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. DA Davidson reissued a "neutral" rating and issued a $250.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Finally, Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research report on Friday, August 14th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $322.53.

Amazon.com News Summary

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

• Positive Sentiment: AWS remains the central growth and profit driver. Amazon’s cloud business grew at its fastest pace in 18 quarters during the second quarter, and investors will focus closely on whether that momentum continued. Strong AWS growth could support a higher valuation. Amazon earnings outlook
• Positive Sentiment: Analysts continue to view Amazon as a major beneficiary of AI adoption through AWS, custom chips and related products. The company’s AI initiatives could improve future cash flow, while strong holiday e-commerce demand and a growing advertising business provide additional support. Amazon AI cash flow outlook
• Positive Sentiment: Amazon’s acquisition of Bee is expanding its consumer AI strategy. New Bee Frontier and Bee Eclipse devices, along with a paid software tier, give the company new opportunities in hardware, subscriptions and AI-assisted shopping. Amazon Bee AI devices
• Neutral Sentiment: Amazon has scheduled its third-quarter results and conference call for Oct. 29. The report is likely to be the next major catalyst, particularly for AWS growth, capital expenditures, operating margins and management’s AI investment outlook. Amazon earnings announcement
• Negative Sentiment: Broad technology stocks are under pressure as inflation concerns increase expectations for higher interest rates, prompting investors to favor value and dividend-paying sectors. That market-wide rotation is weighing on mega-cap technology names, including AMZN. Technology sector decline
• Negative Sentiment: Investors remain concerned that Amazon’s roughly $220 billion AI commitment and rising capital expenditures may pressure near-term free cash flow. Capacity constraints and potentially falling AI-compute pricing add to doubts about the return on that spending.
• Negative Sentiment: Elon Musk’s proposal for an “X Shop” or “Grokazon” introduces a potential long-term competitive risk after Amazon blocked some AI shopping agents. The issue could encourage rivals to challenge Amazon’s position in agent-driven commerce. Potential Amazon rival

Insiders Place Their Bets

In other Amazon.com news, CFO Brian Olsavsky sold 6,172 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer owned 109,207 shares in the company, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the transaction, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. This represents a 1.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 quarter. Insiders own 8.90% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $250.00 on Monday. The company has a market cap of $2.70 trillion, a PE ratio of 20.11, a P/E/G ratio of 1.93 and a beta of 1.45. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The firm's 50 day moving average price is $256.75 and its 200-day moving average price is $251.92.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the prior year, the company posted $1.68 earnings per share. The company's quarterly revenue was up 19.6% on a year-over-year basis. On average, equities research analysts expect that Amazon.com, Inc. will post 8.02 EPS 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.

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