Amazon.com, Inc. $AMZN Shares Sold by Security National Bank of SO Dak

Key Points

• Security National Bank of South Dakota cut its Amazon stake by 30.1% in the second quarter, selling 4,219 shares and retaining 9,792 shares valued at approximately $2.3 million. Institutional investors still own 72.2% of Amazon’s stock.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $322.86. Amazon recently exceeded quarterly earnings and revenue expectations, supported by strong AWS growth and optimism around artificial intelligence.
• Amazon faces potential risks from heavy AI infrastructure spending, regulatory scrutiny over alleged pricing practices, and insider selling. CEO Matthew Garman sold 14,541 shares under a pre-arranged Rule 10b5-1 plan, while the stock was trading near $262.43.

Security National Bank of SO Dak trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 30.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 9,792 shares of the e-commerce giant's stock after selling 4,219 shares during the quarter. Amazon.com makes up about 1.1% of Security National Bank of SO Dak's investment portfolio, making the stock its 29th largest holding. Security National Bank of SO Dak's holdings in Amazon.com were worth $2,334,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Auto Owners Insurance Co boosted its position in shares of Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after buying an additional 98,090,585 shares during the period. 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 bought a new stake in shares of Amazon.com in the 2nd quarter worth approximately $16,341,405,000. Amundi lifted its stake in Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock valued at $15,211,393,000 after purchasing an additional 2,421,739 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Amazon.com by 3.3% during the fourth quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock valued at $13,757,993,000 after purchasing an additional 1,879,630 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

More Amazon.com News

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.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Oppenheimer reiterated an "outperform" rating on shares of Amazon.com in a research report on Friday, July 31st. Wolfe Research reissued an "outperform" rating and set a $315.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a report on Thursday, June 18th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.86.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,343 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 value of $606,860.43. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. This trade represents a 1.92% 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 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is currently owned by company insiders.

Amazon.com Trading Up 3.3%

NASDAQ AMZN opened at $262.43 on Friday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock has a market cap of $2.83 trillion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.96 and a beta of 1.45. The firm's 50 day moving average price is $258.83 and its two-hundred day moving average price is $249.88.

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 during the quarter, compared to analyst estimates 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 for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. Equities analysts anticipate that Amazon.com, Inc. will post 8.03 EPS for the current year.

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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