Amazon.com, Inc. $AMZN Shares Sold by Davidson Investment Advisors

Key Points

• Davidson Investment Advisors reduced its Amazon stake by 3.5%, selling 16,289 shares and retaining 447,774 shares valued at approximately $106.7 million. Institutional investors and hedge funds own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds, producing a “Moderate Buy” consensus and an average price target of $321.19.
• Amazon recently reported quarterly revenue of $200.61 billion and EPS of $5.75, both exceeding expectations, while CEO insiders sold shares worth roughly $18.6 million over the past 90 days.

Davidson Investment Advisors trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 447,774 shares of the e-commerce giant's stock after selling 16,289 shares during the quarter. Amazon.com makes up 4.4% of Davidson Investment Advisors' holdings, making the stock its 3rd largest holding. Davidson Investment Advisors' holdings in Amazon.com were worth $106,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Lifetime Wealth Management P.C. acquired a new position in shares of Amazon.com in the 4th quarter valued at $45,000. Prudent Man Investment Management Inc. increased its holdings in shares of Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock valued at $53,000 after purchasing an additional 107 shares during the period. West Financial Advisors LLC increased its stake in Amazon.com by 25.0% in the 2nd quarter. West Financial Advisors LLC now owns 500 shares of the e-commerce giant's stock valued at $119,000 after buying an additional 100 shares during the period. Torren Management LLC increased its stake in shares of Amazon.com by 24.4% in the second quarter. Torren Management LLC now owns 545 shares of the e-commerce giant's stock worth $130,000 after acquiring an additional 107 shares during the last quarter. Finally, Midwest Capital Advisors LLC raised its stake in shares of Amazon.com by 39.8% during the 1st quarter. Midwest Capital Advisors LLC now owns 702 shares of the e-commerce giant's stock worth $146,000 after purchasing an additional 200 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on AMZN. TD Cowen restated a "buy" rating and set a $350.00 price target (up from $340.00) on shares of Amazon.com in a report on Friday, July 31st. Wolfe Research reaffirmed an "outperform" rating and issued a $315.00 price target on shares of Amazon.com in a research report on Friday, July 31st. KeyCorp boosted their price target on Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Mizuho set a $330.00 price target on Amazon.com and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $321.19.

Amazon.com Trading Down 1.4%

Shares of AMZN opened at $246.15 on Tuesday. The firm has a market capitalization of $2.66 trillion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.93 and a beta of 1.44. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The stock's 50-day moving average price is $256.31 and its 200 day moving average price is $247.42.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $197.03 billion. During the same period last year, the business earned $1.68 earnings per share. Amazon.com's quarterly revenue was up 19.6% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 8.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew Jassy sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction 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 $579,085,751.66. This trade represents a 0.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were 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 approximately $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,568,785 in the last 90 days. 8.90% of the stock is owned by corporate insiders.

Amazon.com News Summary

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

• Positive Sentiment: Adobe expects U.S. consumers to spend approximately $10 billion during Amazon’s October Prime Day, contributing to a projected record $275 billion U.S. holiday shopping season. Higher online spending could support fourth-quarter sales, although aggressive retailer promotions may pressure margins. Amazon Has a $10 Billion Holiday Catalyst Coming in October
• Positive Sentiment: Analysts and investors continue to point to accelerating AWS growth, a large contracted backlog and rising AI-related cloud demand. Commentary that Amazon’s AI capital expenditures are beginning to generate returns supports the long-term bull case for AWS. I'd Buy Amazon Stock While It Sits 12% Below Its Record
• Positive Sentiment: Amazon is expanding its strategic footprint through robotics in India, low-carbon data-center infrastructure and its Leo satellite network. These initiatives could strengthen logistics, cloud infrastructure and future connectivity businesses, though they require substantial investment.
• Neutral Sentiment: Amazon’s comparison with Alibaba highlights that both companies are making major AI and cloud investments. The key differentiator for investors is whether AWS growth and profitability can justify Amazon’s spending pace.
• Negative Sentiment: Cheaper Anthropic Claude models are raising questions about AWS Bedrock pricing. Lower prices could reduce revenue per AI call, even if they stimulate greater usage and overall cloud consumption. Amazon Stock Falls as Cheaper Claude Tests Bedrock Elasticity
• Negative Sentiment: Senate Democrats are seeking information from Amazon and other technology companies about tax subsidies for AI and data-center development, creating potential regulatory and political uncertainty around future incentives. Sen. Warren Questions AI Tax Subsidies
• Negative Sentiment: A U.K. consumer lawsuit alleging that Apple and Amazon restricted competition in Apple-product sales was allowed to proceed in part, adding to Amazon’s legal and antitrust exposure. Apple and Amazon Face Revived UK Consumer Lawsuit

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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