8,370 Shares in Amazon.com, Inc. $AMZN Acquired by Old North State Trust LLC

Key Points

• Old North State Trust LLC acquired 8,370 Amazon shares worth approximately $2.0 million in the second quarter, while institutional investors collectively own 72.2% of the company.
• Amazon reported strong quarterly results, with $5.75 in EPS and $200.61 billion in revenue, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $321.19.
• Investors are balancing AWS and AI-driven growth against rising risks, including heavy capital spending, concerns about AI monetization, expansion costs and recent insider stock sales by CEO Andy Jassy and CFO Brian Olsavsky.

Old North State Trust LLC bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,370 shares of the e-commerce giant's stock, valued at approximately $1,995,000. Amazon.com comprises 1.0% of Old North State Trust LLC's investment portfolio, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Auto Owners Insurance Co raised its position in Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares during the period. Bank of America Corp DE purchased a new position in shares of Amazon.com in the second quarter worth $22,218,775,000. Bank of New York Mellon Corp purchased a new position in shares of Amazon.com in the second quarter worth $16,341,405,000. Legal & General Group Plc bought a new stake in Amazon.com during the 2nd quarter valued at $12,831,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Amazon.com during the 2nd quarter valued at $6,631,466,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Up 0.1%

Shares of AMZN stock opened at $249.67 on Friday. The company's fifty day simple moving average is $256.39 and its two-hundred day simple moving average is $246.96. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The stock has a market cap of $2.69 trillion, a P/E ratio of 20.09, a PEG ratio of 1.93 and a beta of 1.44. 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 data 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 company had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter in the previous year, the business earned $1.68 EPS. Amazon.com's revenue was up 19.6% compared to the same quarter last year. Analysts predict that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. Pivotal Research reaffirmed a "buy" rating and issued a $333.00 price target (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Royal Bank Of Canada increased their target price on Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Sanford C. Bernstein restated an "outperform" rating and issued a $320.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Weiss Ratings restated a "buy (b)" rating on shares of Amazon.com in a research report on Monday, August 3rd. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Amazon.com in a research note 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 stock. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $321.19.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS and AI infrastructure remain the central bullish case. Analysts and commentators argue that Amazon’s roughly $200 billion 2026 capital-expenditure plan reflects substantial demand for AWS computing, custom chips and AI capacity. Amazon is also reportedly preparing to receive approximately $2.4 billion in backup-generator orders from Generac in 2027 and 2028, underscoring the scale of its data-center expansion. Amazon AI capital expenditures article Generac data-center orders article
• Positive Sentiment: Expansion of merchant services could broaden revenue beyond Amazon.com. New tools let sellers manage listings, inventory and orders across channels including Walmart, Shopify, TikTok and eBay. Amazon is also extending Prime delivery and fulfillment services to merchants’ own websites, potentially increasing third-party logistics revenue and seller dependence on its ecosystem. Amazon merchant services article
• Neutral Sentiment: Anthropic remains strategically important, but its infrastructure is becoming more diversified. Anthropic committed about $11.6 billion to an Akamai CPU agreement, which can be viewed as a setback for AWS. However, Amazon retains a major equity stake and an ongoing AWS relationship, limiting the immediate financial impact. Anthropic Akamai agreement article
• Negative Sentiment: Investors remain concerned that AI spending may outpace monetization. Goldman Sachs estimates hyperscalers may need roughly $300 billion in additional AI revenue to justify their investments, while Michael Burry and Jefferies’ Chris Wood have warned of leverage, overcapacity and potential write-offs. Those concerns could pressure AMZN’s valuation despite strong AWS demand. Goldman Sachs AI spending article
• Negative Sentiment: Amazon’s $3 billion India quick-commerce investment adds near-term cost and execution risk while the company attempts to catch rivals with a relatively small market share. The decision to block Meta’s Muse shopping agent also risks diverting AI-driven purchases toward Shopify and other platforms. Amazon India investment article

Insider Transactions at Amazon.com

In related news, CFO Brian T. 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 completion of the transaction, the chief financial officer owned 109,207 shares in the company, valued at $28,427,674.17. This represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the transaction, the chief executive officer 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. 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 90 days, insiders sold 71,589 shares of company stock valued at $18,568,785. 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 that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon's websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

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