Amazon.com, Inc. $AMZN Shares Sold by Clarkston Capital Partners LLC

Key Points

• Clarkston Capital Partners cut its Amazon stake by 91.6% in the first quarter, selling 55,672 shares and retaining 5,099 shares valued at approximately $1.06 million.
• Institutional investors own 72.2% of Amazon, with Vanguard, State Street and Geode Capital among major holders increasing their positions. Amazon insiders have also sold shares, including CEOs Douglas Herrington and Andy Jassy, though the transactions were made under pre-arranged trading plans.
• Analyst sentiment remains bullish: Amazon reported $5.75 in quarterly EPS and $200.61 billion in revenue, both above expectations, while analysts maintain a “Moderate Buy” consensus and an average price target of $322.56.

Clarkston Capital Partners LLC trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 91.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,099 shares of the e-commerce giant's stock after selling 55,672 shares during the period. Clarkston Capital Partners LLC's holdings in Amazon.com were worth $1,062,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock worth $158,348,557,000 after buying an additional 8,913,959 shares during the period. State Street Corp raised its holdings in shares of Amazon.com by 1.8% in the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant's stock valued at $89,708,913,000 after buying an additional 6,971,680 shares during the period. Geode Capital Management LLC lifted its stake in Amazon.com by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant's stock worth $51,753,622,000 after acquiring an additional 2,479,324 shares in the last quarter. Norges Bank acquired a new position in Amazon.com during the 4th quarter worth about $32,868,735,000. Finally, Auto Owners Insurance Co boosted its holdings in Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after acquiring an additional 98,090,585 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 1,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $278.39, for a total transaction of $278,390.00. Following the completion of the transaction, the chief executive officer owned 483,527 shares in the company, valued at approximately $134,609,081.53. The trade was a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,205,766 shares in the company, valued at $581,042,879.72. This trade represents a 0.90% 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 90 days, insiders sold 77,867 shares of company stock worth $20,532,092. Corporate insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. New Street Research lifted their target price on Amazon.com from $280.00 to $350.00 and gave the company a "buy" rating in a research report on Monday, May 4th. UBS Group set a $318.00 price objective on shares of Amazon.com and gave the company a "buy" rating in a research note on Friday, July 31st. Citigroup restated a "buy" rating and issued a $350.00 price objective (up from $325.00) on shares of Amazon.com in a report on Friday, July 31st. Telsey Advisory Group set a $335.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Roth Capital reiterated a "buy" rating and set a $325.00 target price on shares of Amazon.com in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $322.56.

Amazon.com Stock Down 0.1%

AMZN stock opened at $272.26 on Friday. The company's 50 day moving average price is $246.27 and its 200 day moving average price is $237.20. 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 fifty-two week low of $196.00 and a fifty-two week high of $287.20. The firm has a market capitalization of $2.94 trillion, a price-to-earnings ratio of 21.90, a PEG ratio of 1.81 and a beta of 1.45.

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 for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter last year, the company earned $1.68 earnings per share. The firm's revenue was up 19.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Strong Q2 results and AWS growth support the bullish case. Amazon reported $200.61 billion in revenue, up 19.6% year over year, and adjusted earnings of $5.75 per share versus the $1.82 consensus estimate. AWS growth, expanding margins and a large backlog reinforced expectations that AI demand is translating into operating gains. Amazon: $3 Trillion Is a Milestone, Not a Ceiling
• Positive Sentiment: Analyst sentiment remains broadly favorable. Zacks upgraded AMZN to “Strong Buy,” while several firms raised price targets following the earnings beat. The consensus target remains well above recent trading levels, although at least one analyst cut the stock to “Moderate Buy,” highlighting valuation-related disagreement. Zacks Amazon Analysis
• Positive Sentiment: Zoox is moving toward commercial operations. Amazon’s autonomous-vehicle unit will begin charging for robotaxi rides in Las Vegas on August 10 after receiving U.S. safety approval, giving investors another potential growth avenue beyond retail, advertising and AWS. Amazon’s Zoox Robotaxi Launch
• Neutral Sentiment: Jeff Bezos’ $4.07 billion share sale was pre-planned. The sale of approximately 15 million shares was arranged about eight months before the latest earnings beat, reducing concerns that it reflects a negative view of Amazon’s business. Nevertheless, the transaction adds near-term share supply after AMZN reached record highs. Bezos Amazon Sale Trading Plan
• Negative Sentiment: AI investment is creating a risk-versus-return debate. Amazon raised its 2026 capital-expenditure outlook above $220 billion, citing higher memory costs and intense AI infrastructure demand. Investors support the growth opportunity but are concerned that spending could pressure free cash flow if cloud monetization slows. Amazon Capital Expenditure Expansion
• Negative Sentiment: Legal and operational pressures remain. An appeals court allowed Perplexity’s AI shopping agents to access Amazon’s platform, potentially challenging Amazon’s control over customer traffic. The company also faces criticism and political pressure involving delivery contractors, e-bike sales and its planned Quebec shutdown.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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