49,999 Amazon.com, Inc. $AMZN Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its Amazon stake by 2.9%, acquiring 49,999 additional shares to hold 1.79 million shares valued at approximately $447 million. Institutional investors own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $320.86, despite several firms recently trimming their targets.
• Amazon’s strong AWS and AI growth prospects are being offset by a weaker-than-expected third-quarter earnings report and heavy AI-related capital spending, which has pressured free cash flow and increased investor concerns about leverage and returns.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,793,928 shares of the e-commerce giant's stock after acquiring an additional 49,999 shares during the period. Amazon.com makes up approximately 3.0% of Sumitomo Mitsui DS Asset Management Company Ltd's investment portfolio, making the stock its 4th largest holding. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Amazon.com were worth $446,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Midway Capital Research & Management increased its holdings in Amazon.com by 20.0% during the 3rd quarter. Midway Capital Research & Management now owns 1,358 shares of the e-commerce giant's stock worth $338,000 after purchasing an additional 226 shares in the last quarter. Altium Investment Strategies LLC lifted its holdings in shares of Amazon.com by 71.4% in the third quarter. Altium Investment Strategies LLC now owns 3,069 shares of the e-commerce giant's stock valued at $794,000 after purchasing an additional 1,278 shares in the last quarter. Vestia Personal Wealth Advisors lifted its holdings in shares of Amazon.com by 17.7% in the third quarter. Vestia Personal Wealth Advisors now owns 6,146 shares of the e-commerce giant's stock valued at $1,531,000 after purchasing an additional 923 shares in the last quarter. Family Wealth Partners LLC bought a new stake in shares of Amazon.com in the third quarter valued at about $273,000. Finally, JDH Wealth Management LLC boosted its position in shares of Amazon.com by 11.7% during the third quarter. JDH Wealth Management LLC now owns 3,507 shares of the e-commerce giant's stock worth $874,000 after buying an additional 367 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Pivotal Research reiterated a "buy" rating and set a $333.00 price objective (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. Wedbush cut their target price on Amazon.com from $310.00 to $298.00 and set an "outperform" rating on the stock in a research note on Friday. Rosenblatt Securities restated a "buy" rating and issued a $360.00 target price on shares of Amazon.com in a research note on Friday. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, TD Cowen reaffirmed a "buy" rating and set a $340.00 price target (down from $350.00) on shares of Amazon.com in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $320.86.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 9,258 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the sale, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. The trade was a 44.97% 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. Over the last 90 days, insiders sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by insiders.

Amazon.com News Roundup

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

• Positive Sentiment: AWS growth accelerated significantly. Amazon Web Services revenue rose 39% to approximately $46 billion, its fastest growth in nearly five years. Management said AWS could grow more than 40% annually in 2027 and 2028, supported by AI demand, a large backlog and rising cloud workloads. Analysts including JPMorgan, Canaccord, Monness and RBC maintained bullish ratings or targets, viewing AWS as a potential long-term, trillion-dollar business. AWS growth hits 39 percent
• Positive Sentiment: Amazon continues expanding its AI and adjacent businesses. The company plans to sell its Trainium AI chips externally by late 2027, while Amazon Pharmacy users increased more than 60% year over year and Prime Video reportedly reached profitability. Management also highlighted longer-term opportunities in retail automation, satellite internet and AI infrastructure. Amazon Trainium AI chips
• Neutral Sentiment: Analyst sentiment remains broadly constructive, but targets were trimmed. Several firms reaffirmed Buy or Outperform ratings, with targets generally well above the current trading level. However, Wells Fargo, Morgan Stanley, Wedbush, Scotiabank, Cantor Fitzgerald and others lowered targets, signaling reduced near-term confidence after the earnings release. Amazon price target changes
• Negative Sentiment: Amazon missed both major Q3 estimates. Earnings per share came in at $1.89 versus roughly $1.97–$2.01 expected, while revenue was $201.94 billion compared with about $202.2 billion anticipated. Fourth-quarter revenue guidance was also viewed as soft, raising concerns about holiday-season retail demand. Amazon fourth-quarter guidance
• Negative Sentiment: AI investment is pressuring cash flow and leverage. Amazon spent about $77 billion on property and equipment in Q3 and continues targeting approximately $220 billion in 2026 capital expenditures. Trailing free cash flow fell to a $42.4 billion deficit, while long-term debt increased substantially. Investors are questioning when the spending will generate adequate returns, overshadowing AWS’s strong growth. Amazon AI spending concerns
• Negative Sentiment: Broader technology-sector weakness amplified the selling. Amazon’s report contributed to a wider Nasdaq decline as investors reconsidered whether massive AI infrastructure spending across Big Tech can produce timely profits. Concerns about AI-related debt, cash burn and valuation affected sentiment beyond Amazon itself. Nasdaq and AI spending concerns

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $240.35 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The business has a 50-day moving average of $254.28 and a 200-day moving average of $243.09. The stock has a market capitalization of $2.59 trillion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.87 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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 return on equity of 16.94% and a net margin of 16.90%. The company had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. During the same quarter in the previous year, the company posted $1.95 EPS. The business's revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 8.00 earnings per share for the current fiscal year.

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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