Amazon.com, Inc. $AMZN Shares Sold by Cim Investment Management Inc.

Key Points

• Cim Investment Management cut its Amazon stake by 11.2% in the second quarter, selling 2,980 shares and retaining 23,735 shares worth approximately $5.66 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Amazon insiders sold 71,589 shares worth about $18.6 million during the past quarter, including sales by CEO Andy Jassy and SVP David Zapolsky under pre-arranged Rule 10b5-1 plans.
• Amazon reported strong quarterly results, with revenue up 19.6% year over year and EPS of $5.75 versus analysts’ $1.82 estimate. Wall Street maintains a “Moderate Buy” consensus, with an average price target of $322.86, while investors continue to weigh AI growth opportunities against heavy spending and regulatory risks.

Cim Investment Management Inc. lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,735 shares of the e-commerce giant's stock after selling 2,980 shares during the period. Amazon.com makes up 1.3% of Cim Investment Management Inc.'s investment portfolio, making the stock its 14th largest position. Cim Investment Management Inc.'s holdings in Amazon.com were worth $5,657,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Trust Asset Management LLC increased its holdings in shares of Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after acquiring an additional 3,414 shares during the last quarter. TOP Private Wealth LLC. purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $29,000. Bard Associates Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC acquired a new stake in Amazon.com during the 2nd quarter worth $33,000. Finally, Atomic Invest LLC lifted its stake in Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after buying an additional 49 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction dated 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 sale, 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 filing with the SEC, which is available through 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 company'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 transaction of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. The trade was a 0.89% 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. Over the last quarter, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by company insiders.

Amazon.com News Summary

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Amazon.com Trading Up 3.3%

Shares of AMZN opened at $262.43 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The stock has a market cap of $2.83 trillion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.45. The firm has a 50 day simple moving average of $258.83 and a 200-day simple moving average of $249.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results 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 firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the prior year, the company earned $1.68 EPS. Amazon.com's revenue was up 19.6% on a year-over-year basis. Equities analysts forecast that Amazon.com, Inc. will post 8.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group set a $200.00 target price on Amazon.com in a research note on Thursday, September 17th. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a research note on Thursday, June 18th. Royal Bank Of Canada raised their target price on shares of Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Oppenheimer reissued an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. Finally, Tigress Financial reiterated a "buy" rating and set a $385.00 target price (up from $315.00) on shares of Amazon.com in a research report on Tuesday. Fifty-six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $322.86.

Amazon.com Company Profile

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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