Amazon.com, Inc. $AMZN Shares Sold by Absolute Gestao de Investimentos Ltda.

Key Points

• Absolute Gestao de Investimentos Ltda. reduced its Amazon position by 78.3% in the second quarter, selling 28,900 shares and retaining 8,000 shares valued at $1.91 million.
• Institutional ownership remains substantial at 72.2%, with several major firms—including Bank of America, Bank of New York Mellon and Legal & General—reporting new or expanded positions.
• Analysts maintain a generally positive outlook, with Amazon holding a consensus “Moderate Buy” rating and a $322.86 target price; however, investors remain concerned that heavy AI and data-center spending could pressure free cash flow.

Absolute Gestao de Investimentos Ltda. trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 78.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the e-commerce giant's stock after selling 28,900 shares during the period. Amazon.com makes up 0.2% of Absolute Gestao de Investimentos Ltda.'s portfolio, making the stock its 28th biggest holding. Absolute Gestao de Investimentos Ltda.'s holdings in Amazon.com were worth $1,907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Auto Owners Insurance Co grew its stake in shares of Amazon.com by 27,376.7% during the fourth 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 acquired a new position in Amazon.com in the second quarter valued at about $22,218,775,000. Bank of New York Mellon Corp acquired a new position in Amazon.com in the second quarter valued at about $16,341,405,000. Legal & General Group Plc bought a new position in Amazon.com during the second quarter worth about $12,831,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Amazon.com during the second quarter worth about $6,631,466,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon’s Prime Big Deal Days launched with discounts on electronics and other products, providing a near-term test of consumer demand and a potential boost to fourth-quarter retail revenue. Amazon Prime Big Deal Days
• Positive Sentiment: TD Cowen reaffirmed a Buy rating and set a $350 price target. Other coverage highlighted AMZN’s valuation near 20 times earnings as historically low for the company, supporting the view that AI and AWS growth may not be fully reflected in the stock. TD Cowen Amazon Rating
• Positive Sentiment: Prime Video secured a six-year agreement to stream the Emmy Awards beginning in 2027. The deal strengthens Amazon’s streaming content portfolio and could support Prime engagement, although its direct financial impact is likely modest. Amazon Emmy Awards Deal
• Positive Sentiment: Amazon is reportedly exploring an $8 billion Nvidia-chip financing structure, while continuing investments in custom chips, nuclear power and data centers. These moves could improve capital flexibility and expand AWS’s AI capacity as demand remains strong. Amazon Nvidia Chip Financing
• Neutral Sentiment: A senior Amazon finance executive, James Dibbo, is leaving to become Pinterest’s CFO. The departure may be viewed as a modest talent loss, but he represented only one executive within Amazon’s broad finance organization. Pinterest Hires Amazon Executive
• Negative Sentiment: Investors remain concerned that roughly $200 billion in annual AI and data-center spending could pressure free cash flow before new capacity generates revenue. Power constraints, community opposition and uncertain returns increase execution risk. Amazon Data Center Spending Risks
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.21% and is unlikely to materially affect the investment case, but may create minor headline pressure. SEC Insider Sale Filing

Analysts Set New Price Targets

A number of analysts recently weighed in on AMZN shares. KeyCorp increased their price target on shares of Amazon.com from $335.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Roth Capital restated a "buy" rating and set a $325.00 price objective on shares of Amazon.com in a report on Monday, August 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $375.00 target price (up from $335.00) on shares of Amazon.com in a research note on Friday, July 31st. Morgan Stanley reiterated an "overweight" rating and issued a $335.00 target price (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, UBS Group set a $200.00 price target on shares of Amazon.com in a research report on Thursday, September 17th. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $322.86.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 business's stock in a transaction on 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 transaction, the chief executive officer directly owned 17,794 shares of the company's stock, valued at $4,609,713.64. This trade represents a 44.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 71,589 shares of company stock worth $18,580,515. Corporate insiders own 8.90% of the company's stock.

Amazon.com Price Performance

Shares of AMZN opened at $256.29 on Wednesday. The company has a market cap of $2.76 trillion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.94 and a beta of 1.45. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The company's fifty day simple moving average is $257.97 and its 200 day simple moving average is $249.09. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. Amazon.com's revenue was up 19.6% on a year-over-year basis. During the same period last year, the business posted $1.68 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

About Amazon.com

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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