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

Key Points

• IKE Capital reduced its Amazon position by 5.4% in the second quarter, selling 2,252 shares and retaining 39,093 shares valued at approximately $9.3 million. Amazon remains the firm’s third-largest holding and represents about 4.8% of its portfolio.
• Institutional investors own 72.2% of Amazon, with several major firms—including Bank of America, Bank of New York Mellon, Amundi, and Invesco—recently adding or establishing positions. Company insiders have sold 71,589 shares worth about $18.6 million over the past 90 days.
• Amazon reported quarterly revenue of $200.61 billion and EPS of $5.75, exceeding analyst expectations, while analysts maintain a “Moderate Buy” consensus with an average price target of $322.86 versus the reported share price of $262.43.

IKE Capital LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,093 shares of the e-commerce giant's stock after selling 2,252 shares during the period. Amazon.com accounts for about 4.8% of IKE Capital LLC's investment portfolio, making the stock its 3rd biggest position. IKE Capital LLC's holdings in Amazon.com were worth $9,317,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Auto Owners Insurance Co grew its position 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 bought a new position in Amazon.com in the 2nd quarter valued at $22,218,775,000. Bank of New York Mellon Corp acquired a new position in Amazon.com in the second quarter worth $16,341,405,000. Amundi boosted its stake in Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Amazon.com by 3.3% during the fourth quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock worth $13,757,993,000 after purchasing an additional 1,879,630 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This trade represents a 1.32% decrease in their ownership of the stock. The transaction 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, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This represents a 18.35% 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 have sold 71,589 shares of company stock worth $18,580,515 over the last ninety days. 8.90% of the stock is owned by corporate insiders.

Amazon.com Trading Up 3.3%

NASDAQ AMZN opened at $262.43 on Friday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The stock has a 50-day simple moving average of $258.83 and a 200 day simple moving average of $249.88. 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 company has a market capitalization of $2.83 trillion, a PE ratio of 21.11, a P/E/G ratio of 1.96 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company's revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 8.03 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research analyst reports. Truist Financial lifted their price target on Amazon.com from $320.00 to $350.00 and gave the company a "buy" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $325.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $360.00 target price (up from $355.00) on shares of Amazon.com in a research note on Tuesday, July 28th. DA Davidson reiterated a "neutral" rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Finally, HSBC restated a "buy" rating and issued a $310.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $322.86.

Amazon.com News Roundup

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 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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.