Amazon.com, Inc. $AMZN Holdings Trimmed by AMI Asset Management Corp

Key Points

• AMI Asset Management trimmed its Amazon stake by 4.5% in the third quarter, selling 15,020 shares and retaining 316,201 shares worth approximately $78.8 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish: Amazon has a “Moderate Buy” consensus rating and an average price target of $320.86, despite some firms recently lowering their targets.
• Amazon’s latest quarter showed strong 12.1% revenue growth and accelerating AWS expansion, but the company missed EPS and revenue estimates. Heavy AI-related capital spending is pressuring cash flow and has increased investor concerns about near-term returns.

AMI Asset Management Corp decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,201 shares of the e-commerce giant's stock after selling 15,020 shares during the period. Amazon.com comprises approximately 4.5% of AMI Asset Management Corp's holdings, making the stock its 6th largest position. AMI Asset Management Corp's holdings in Amazon.com were worth $78,782,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AMZN. Arnold Financial Planning LLC raised its position in shares of Amazon.com by 36.4% during the 3rd quarter. Arnold Financial Planning LLC now owns 1,260 shares of the e-commerce giant's stock worth $314,000 after acquiring an additional 336 shares in the last quarter. Grange Capital LLC lifted its position in shares of Amazon.com by 2.8% during the 3rd quarter. Grange Capital LLC now owns 4,717 shares of the e-commerce giant's stock valued at $1,175,000 after acquiring an additional 130 shares during the last quarter. Louisbourg Investments Inc. increased its holdings in Amazon.com by 4.7% in the third quarter. Louisbourg Investments Inc. now owns 52,214 shares of the e-commerce giant's stock worth $13,009,000 after buying an additional 2,339 shares during the last quarter. Compound Global Advisors LLC lifted its stake in shares of Amazon.com by 12.0% in the third quarter. Compound Global Advisors LLC now owns 1,400 shares of the e-commerce giant's stock valued at $349,000 after buying an additional 150 shares during the period. Finally, Revisor Wealth Management LLC increased its holdings in Amazon.com by 2.5% during the 3rd quarter. Revisor Wealth Management LLC now owns 30,808 shares of the e-commerce giant's stock valued at $7,692,000 after purchasing an additional 763 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AMZN shares. Piper Sandler reissued an "overweight" rating on shares of Amazon.com in a report on Friday. Sanford C. Bernstein restated an "outperform" rating and issued a $320.00 price target (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Bank of America restated a "buy" rating and issued a $317.00 target price on shares of Amazon.com in a research note on Friday. TD Cowen reissued a "buy" rating and issued a $340.00 price target (down from $350.00) on shares of Amazon.com in a research report on Friday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Amazon.com in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $320.86.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $240.35 on Monday. The firm has a market capitalization of $2.59 trillion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.86 and a beta of 1.49. The business has a 50-day simple moving average of $254.28 and a 200 day simple moving average of $243.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm had revenue of $201.94 billion during the quarter, compared to analysts' expectations of $202.22 billion. During the same quarter in the previous year, the firm posted $1.95 EPS. Amazon.com's revenue was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that Amazon.com, Inc. will post 8.00 earnings per share for the current fiscal year.

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

Insider Activity

In related news, CEO Andrew Jassy sold 20,000 shares of Amazon.com 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. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. 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 a total of 70,589 shares of company stock valued at $18,302,125 in the last 90 days. 8.90% of the stock is owned by insiders.

About Amazon.com

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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