Amazon.com, Inc. $AMZN Holdings Reduced by Trust Co. of Oklahoma

Key Points

• Trust Co. of Oklahoma cut its Amazon stake by 7.3% in the third quarter, selling 2,162 shares and retaining 27,658 shares valued at approximately $6.9 million. Institutional investors collectively own 72.2% of Amazon.
• Amazon reported strong quarterly results, with revenue rising 19.6% year over year to $200.61 billion and earnings of $5.75 per share, far exceeding analysts’ $1.82 estimate.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and a $322.53 price target, while investors are watching AWS growth and AI spending risks ahead of the October 29 earnings report.

Trust Co. of Oklahoma trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,658 shares of the e-commerce giant's stock after selling 2,162 shares during the period. Amazon.com comprises about 2.0% of Trust Co. of Oklahoma's investment portfolio, making the stock its 11th biggest position. Trust Co. of Oklahoma's holdings in Amazon.com were worth $6,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. TOP Private Wealth LLC. acquired a new stake in shares of Amazon.com during the 2nd quarter worth approximately $29,000. Bard Associates Inc. acquired a new position in shares of Amazon.com in the second quarter valued at $32,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Amazon.com in the second quarter valued at $33,000. Atomic Invest LLC lifted its position in Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after purchasing an additional 49 shares during the period. Finally, Strategic Wealth Advisors LLC bought a new position in Amazon.com in the second quarter worth $68,000. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN stock opened at $248.00 on Friday. The firm's 50 day moving average price is $255.56 and its two-hundred day moving average price is $253.29. The stock has a market cap of $2.68 trillion, a PE ratio of 19.95, a PEG ratio of 2.06 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 net margin of 17.44% and a return on equity of 18.00%. The firm 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 company earned $1.68 earnings per share. The business's revenue for the quarter was up 19.6% on a year-over-year basis. As a group, analysts forecast that Amazon.com, Inc. will post 7.55 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. This represents a 44.97% 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. In the last quarter, insiders sold 71,589 shares of company stock valued at $18,580,515. Insiders own 8.90% of the company's stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon's $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Wall Street Analyst Weigh In

AMZN has been the topic of several analyst reports. Piper Sandler reissued an "overweight" rating and issued a $320.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Oppenheimer reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, July 31st. Robert W. Baird set a $310.00 target price on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. BMO Capital Markets reissued an "outperform" rating on shares of Amazon.com in a research note on Tuesday. Finally, Yorkville Ives started coverage on shares of Amazon.com in a research report on Monday, October 19th. They issued an "outperform" rating and a $300.00 price target for the company. Fifty-seven 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 presently has an average rating of "Moderate Buy" and a consensus price target of $322.53.

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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