Amazon.com, Inc. $AMZN Shares Sold by Gradient Investments LLC

Key Points

• Gradient Investments reduced its Amazon position by 8.7% in the third quarter, selling 51,820 shares and retaining 545,198 shares worth approximately $135.8 million. Institutional investors collectively own 72.2% of Amazon.
• Amazon reported a strong quarter, with EPS of $5.75 versus the $1.82 analyst estimate and revenue of $200.61 billion, up 19.6% year over year. AWS growth and AI infrastructure remain key bullish catalysts, though planned capital spending of roughly $200 billion–$220 billion is pressuring cash-flow expectations.
• Analyst sentiment remains favorable, with 56 Buy ratings and three Hold ratings and a consensus price target of $322.53 versus the reported share price of $254.08. Insiders, including CEO Andy Jassy, have sold shares under pre-arranged 10b5-1 plans.

Gradient Investments LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 8.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 545,198 shares of the e-commerce giant's stock after selling 51,820 shares during the quarter. Amazon.com accounts for about 1.9% of Gradient Investments LLC's holdings, making the stock its 5th largest holding. Gradient Investments LLC's holdings in Amazon.com were worth $135,836,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Ebert Capital Management Inc. grew its position in Amazon.com by 0.8% during the third quarter. Ebert Capital Management Inc. now owns 22,634 shares of the e-commerce giant's stock valued at $5,639,000 after acquiring an additional 178 shares during the last quarter. Veracity Capital LLC lifted its stake in shares of Amazon.com by 1.9% in the 3rd quarter. Veracity Capital LLC now owns 17,251 shares of the e-commerce giant's stock valued at $4,298,000 after acquiring an additional 319 shares during the last quarter. Plan A Wealth LLC lifted its stake in shares of Amazon.com by 1,683.4% in the 3rd quarter. Plan A Wealth LLC now owns 41,731 shares of the e-commerce giant's stock valued at $10,397,000 after acquiring an additional 39,391 shares during the last quarter. New Covenant Trust Company N.A. lifted its stake in shares of Amazon.com by 14.7% in the 3rd quarter. New Covenant Trust Company N.A. now owns 15,164 shares of the e-commerce giant's stock valued at $3,778,000 after acquiring an additional 1,938 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its holdings in Amazon.com by 1.0% during the 3rd quarter. Toth Financial Advisory Corp now owns 16,762 shares of the e-commerce giant's stock valued at $4,176,000 after acquiring an additional 166 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 1.7%

NASDAQ AMZN opened at $254.08 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The stock has a market capitalization of $2.74 trillion, a PE ratio of 20.44, a PEG ratio of 2.00 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 business's 50-day moving average is $257.59 and its 200 day moving average is $251.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly 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. The company had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. Amazon.com's revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.68 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 8.03 earnings per share for the current year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS remains the key bullish catalyst. Reports highlight a $496 billion AWS backlog, cloud margins near 39%, and continued demand for AI infrastructure. Amazon also said its custom-chip and AI businesses each surpassed $25 billion, supporting the case that Trainium and Inferentia could eventually reduce reliance on Nvidia GPUs. AWS Backlog and Cloud Margins
• Positive Sentiment: Amazon is expanding its AI ecosystem. The company is reportedly considering a roughly $7 billion acquisition of Decart, whose software helps run AI workloads across Nvidia and Amazon chips. The deal could accelerate Trainium adoption and improve AWS’s competitive position. Amazon Decart AI Deal
• Positive Sentiment: Analyst fundamentals remain supportive. Erste Group raised its FY2027 EPS estimate to $10.71 from $10.54, while Amazon’s Prime Video sports strategy could increase engagement, retention and advertising opportunities. Amazon Prime Video Sports Strategy
• Neutral Sentiment: Investor positioning may amplify volatility. Amazon was reportedly the most widely owned hedge-fund stock in September, creating potential support but also increasing the risk of crowded-trade selling if earnings or AWS growth disappoints. Amazon Hedge Fund Ownership
• Negative Sentiment: AI investment is pressuring cash flow. Amazon’s planned spending of roughly $200 billion to $220 billion raises concerns about capital intensity, returns on invested capital and near-term free cash flow, even as operating cash flow improves. Amazon AI Spending
• Negative Sentiment: Regulatory and execution risks increased. Lawmakers asked the FAA to conduct a site-specific environmental review of Amazon’s proposed Massachusetts drone hub, citing noise, privacy, safety and environmental concerns. Amazon also recalled more than 112,000 bottles of acetaminophen sold through its platform. FAA Review of Amazon Drone Hub
• Negative Sentiment: New hardware faces market skepticism. Amazon’s $499.99-plus Alexa Tablet 12 Pro moves the company into a higher-priced segment against Apple’s iPad, while Apple’s new smart-home products intensify competition. Amazon Alexa Tablet Launch

Insider Activity

In other news, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction 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 sale, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their position. The sale was disclosed in a filing 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 Amazon.com stock in a transaction dated 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 of the company's stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 71,589 shares of company stock worth $18,580,515. Company insiders own 8.90% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMZN shares. Robert W. Baird set a $310.00 price target on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Morgan Stanley reaffirmed an "overweight" rating and issued a $335.00 price target (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Piper Sandler reissued an "overweight" rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research note on Friday, August 14th. Fifty-six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $322.53.

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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