Amazon.com, Inc. $AMZN Position Trimmed by Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust

Key Points

• Retail Employees Superannuation Trust reduced its Amazon stake by 8.7% in the third quarter, selling 7,700 shares and retaining 80,854 shares valued at approximately $20.1 million.
• Amazon reported third-quarter revenue of $201.94 billion, up 12.1% year over year, but earnings of $1.89 per share missed the $1.97 analyst consensus.
• Analysts remain broadly positive, with Amazon carrying a “Moderate Buy” consensus rating and an average price target of $320.86, despite concerns about heavy AI-related capital spending and weaker cash flow.

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust lessened its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,854 shares of the e-commerce giant's stock after selling 7,700 shares during the period. Amazon.com makes up 4.9% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's portfolio, making the stock its 7th biggest position. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust's holdings in Amazon.com were worth $20,145,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Altium Investment Strategies LLC increased its stake in Amazon.com by 71.4% during the third quarter. Altium Investment Strategies LLC now owns 3,069 shares of the e-commerce giant's stock worth $794,000 after acquiring an additional 1,278 shares during the last quarter. Vestia Personal Wealth Advisors lifted its stake in shares of Amazon.com by 17.7% in the 3rd 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 acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $273,000. JDH Wealth Management LLC grew its holdings in shares of Amazon.com by 11.7% during the 3rd quarter. JDH Wealth Management LLC now owns 3,507 shares of the e-commerce giant's stock worth $874,000 after purchasing an additional 367 shares during the period. Finally, Verisail Partners LLC purchased a new stake in shares of Amazon.com during the 3rd quarter worth about $246,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $240.35 on Friday. The business's 50-day simple moving average is $254.28 and its 200 day simple moving average is $243.09. The company has a market cap of $2.59 trillion, a P/E ratio of 19.43, a PEG ratio of 1.87 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 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 results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $202.22 billion. During the same quarter in the prior year, the company earned $1.95 EPS. The firm's revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts forecast that Amazon.com, Inc. will post 8.00 earnings per share for the current fiscal year.

More Amazon.com News

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AMZN. TD Cowen reissued a "buy" rating and set a $340.00 target price (down from $350.00) on shares of Amazon.com in a research report on Friday. Guggenheim reaffirmed a "buy" rating and set a $320.00 price target on shares of Amazon.com in a research report on Friday. Mizuho boosted their price objective on shares of Amazon.com from $330.00 to $335.00 and gave the stock an "outperform" rating in a research note on Friday. Weiss Ratings reissued a "buy (b)" rating on shares of Amazon.com in a research report on Monday, August 3rd. Finally, Needham & Company LLC reissued a "buy" rating and issued a $300.00 target price on shares of Amazon.com in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $320.86.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the completion of the sale, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction 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 directly owned 41,190 shares in the company, valued at $10,699,926.30. This trade represents a 18.35% 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. In the last quarter, insiders sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by company insiders.

Amazon.com 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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