Amazon.com, Inc. $AMZN Shares Sold by Green Ridge Wealth Planning LLC

Key Points

• Green Ridge Wealth Planning reduced its Amazon holdings by 9.6% in the third quarter, selling 2,374 shares and retaining 22,417 shares worth approximately $5.6 million. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Amazon reported quarterly revenue of $200.61 billion and adjusted earnings of $5.75 per share, significantly exceeding analyst expectations, with revenue up 19.6% year over year.
• Wall Street remains broadly bullish, with 56 Buy ratings, three Holds and an average price target of $322.53, while investors weigh AWS and AI growth against heavy capital spending and execution risks.

Green Ridge Wealth Planning LLC lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,417 shares of the e-commerce giant's stock after selling 2,374 shares during the period. Amazon.com accounts for about 2.3% of Green Ridge Wealth Planning LLC's portfolio, making the stock its 14th largest position. Green Ridge Wealth Planning LLC's holdings in Amazon.com were worth $5,585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. Auto Owners Insurance Co grew 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 worth $2,272,397,000 after acquiring an additional 98,090,585 shares during the last quarter. Bank of America Corp DE acquired a new stake in Amazon.com in the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in Amazon.com in the 2nd quarter valued at about $16,341,405,000. Legal & General Group Plc bought a new position in shares of Amazon.com in the second quarter worth about $12,831,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Amazon.com in the second quarter worth about $6,631,466,000. 72.20% of the stock is currently 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: New Bee AI devices expand Amazon’s consumer-AI strategy. Amazon introduced the $74.99 Bee Frontier wearable and $99.99 Bee Eclipse smartphone accessory, which can summarize conversations, create reminders and suggest products with user permission. The devices connect with Alexa+ and add potential hardware, subscription and commerce revenue streams. Amazon launches two new portable AI listening devices
• Positive Sentiment: AI infrastructure and AWS remain major growth drivers. Coverage highlights Amazon’s custom AI-chip business, rising AWS demand and substantial data-center investment. Supportive analysts argue that Trainium chips and cloud growth could improve Amazon’s competitive position and eventually produce strong returns on today’s spending. Amazon custom AI chips
• Positive Sentiment: Holiday demand expectations are favorable. Analysts expect online shopping growth to support Amazon, Walmart and other large retailers during the 2026 holiday season, providing a near-term catalyst for retail revenue. Expected strong holiday sales
• Neutral Sentiment: Amazon will report third-quarter 2026 results and host its earnings call on October 29, giving investors a near-term update on AWS growth, margins, AI spending and holiday guidance. Amazon third-quarter 2026 earnings call
• Negative Sentiment: AI-agent restrictions could create reputational and competitive risks. Amazon has reportedly blocked Elon Musk’s Grok shopping agents, prompting discussion of an X Shop competitor and raising questions about whether Amazon could lose some control of emerging agent-driven commerce. Elon Musk’s AI shopper and Amazon
• Negative Sentiment: Investors remain concerned about heavy AI capital expenditures, recent layoffs and execution risks from premium Alexa hardware. Regulatory pushback over Amazon’s proposed Boston drone hub and a product recall add smaller additional overhangs.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $254.76 on Friday. The stock has a market capitalization of $2.75 trillion, a P/E ratio of 34.62, a P/E/G ratio of 1.96 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 has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average price of $257.24 and a two-hundred day moving average price of $251.58.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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. The company had revenue of $200.61 billion for 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%. The company's revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS. Equities analysts predict that Amazon.com, Inc. will post 8.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on AMZN shares. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, August 3rd. Oppenheimer reissued an "outperform" rating on shares of Amazon.com in a research note on Friday, July 31st. Raymond James Financial reissued an "outperform" rating and set a $390.00 price target (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Royal Bank Of Canada raised their price target on shares of Amazon.com from $320.00 to $330.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Truist Financial boosted their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a research 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 stock. According to MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $322.53.

Insider Activity at Amazon.com

In related news, CEO Douglas Herrington sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $251.50, for a total transaction of $251,500.00. Following the completion of the sale, the chief executive officer directly owned 474,681 shares of the company's stock, valued at $119,382,271.50. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 71,589 shares of company stock worth $18,580,515 over the last 90 days. Insiders own 8.90% of the company's stock.

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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