339,180 Amazon.com, Inc. $AMZN Shares Sold by Veritas Asset Management LLP

Key Points

• Veritas Asset Management cut its Amazon position by 12.9%, selling 339,180 shares in the second quarter and retaining 2.28 million shares valued at approximately $543.5 million. Amazon remains the firm’s largest holding, representing about 10.1% of its portfolio.
• Institutional ownership remains substantial at 72.2%, with several investors—including Arizona State Retirement System and Waverly Advisors—adding to their Amazon holdings during the quarter.
• Wall Street remains broadly bullish: Amazon has a consensus “Moderate Buy” rating, an average price target of $322.86, and recently reported quarterly revenue growth of 19.6% alongside earnings that exceeded analyst expectations.

Veritas Asset Management LLP reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,280,144 shares of the e-commerce giant's stock after selling 339,180 shares during the period. Amazon.com makes up about 10.1% of Veritas Asset Management LLP's investment portfolio, making the stock its largest position. Veritas Asset Management LLP's holdings in Amazon.com were worth $543,450,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Connective Capital Management LLC raised its holdings in shares of Amazon.com by 23.2% in the 2nd quarter. Connective Capital Management LLC now owns 7,580 shares of the e-commerce giant's stock worth $1,807,000 after purchasing an additional 1,428 shares in the last quarter. Arizona State Retirement System boosted its holdings in Amazon.com by 5.0% during the second quarter. Arizona State Retirement System now owns 2,766,561 shares of the e-commerce giant's stock worth $644,737,000 after buying an additional 130,523 shares in the last quarter. Edge Wealth Management LLC grew its position in Amazon.com by 0.4% in the second quarter. Edge Wealth Management LLC now owns 21,337 shares of the e-commerce giant's stock worth $5,085,000 after buying an additional 95 shares during the last quarter. Waverly Advisors LLC increased its holdings in shares of Amazon.com by 28.4% in the second quarter. Waverly Advisors LLC now owns 789,836 shares of the e-commerce giant's stock valued at $186,679,000 after buying an additional 174,854 shares in the last quarter. Finally, Empirical Finance LLC increased its holdings in shares of Amazon.com by 1.4% in the second quarter. Empirical Finance LLC now owns 382,114 shares of the e-commerce giant's stock valued at $89,206,000 after buying an additional 5,101 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

More Amazon.com News

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

• Positive Sentiment: Analysts see AWS and Amazon’s AI services as major growth drivers. AWS sales reportedly rose 37% to $42.2 billion, while Amazon’s AI business surpassed a $25 billion annual revenue run rate. Analysts also view AI agents as potentially increasing commerce activity rather than undermining Amazon’s model. Amazon AI Boom
• Positive Sentiment: The FCC is preparing to vote on auctioning prime spectrum for satellite-to-smartphone services, a move that could benefit Amazon’s satellite ambitions and expand future connectivity opportunities. FCC Spectrum Auction
• Positive Sentiment: Prime Big Deal Days provides a near-term test of consumer demand and a potential boost to fourth-quarter retail sales. Amazon is also expanding Prime Video’s reach through a six-year global deal to stream the Emmy Awards free to viewers, supporting advertising and audience growth. Amazon Emmy Streaming Deal
• Positive Sentiment: ARK Invest reportedly purchased approximately $31 million of Amazon shares, adding a supportive institutional-investor signal. ARK Invest Buys Amazon
• Neutral Sentiment: A proposed structure involving roughly $8 billion of Nvidia chips could help Amazon finance AI infrastructure and preserve capital flexibility, but it also underscores the substantial cost and financing burden of the AWS expansion. Amazon Nvidia Chip Financing
• Negative Sentiment: Investors remain concerned that aggressive AI capital spending could pressure free cash flow before new data centers generate sufficient returns. Rising interest rates, power constraints and possible delays in infrastructure deployment add to the risk. Amazon Data Center Spending Risks
• Negative Sentiment: Prime Big Deal Days is occurring amid weak consumer confidence, creating uncertainty over the strength and profitability of promotional sales. Public attention to Amazon’s highly detailed customer profiles could also create privacy-related reputational risk. Amazon Customer Profiles

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. The trade was a 1.32% 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. Over the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,580,515. Corporate insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMZN. Royal Bank Of Canada raised their price objective on Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Susquehanna reaffirmed a "positive" rating on shares of Amazon.com in a report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $325.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Roth Capital reissued a "buy" rating and issued a $325.00 price target on shares of Amazon.com in a research note on Monday, August 3rd. Finally, KeyCorp boosted their price objective on Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $322.86.

Amazon.com Trading Up 1.4%

Shares of NASDAQ:AMZN opened at $259.92 on Thursday. The firm has a fifty day moving average of $258.64 and a two-hundred day moving average of $249.45. The firm has a market capitalization of $2.80 trillion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.98 and a beta of 1.45. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping 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 business 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 business posted $1.68 earnings per share. Amazon.com's revenue for the quarter was up 19.6% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 8.03 EPS for the current fiscal 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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