Amazon.com, Inc. $AMZN Shares Sold by Tompkins Financial Corp

Key Points

• Tompkins Financial reduced its Amazon stake by 3.8% in the third quarter, selling 2,722 shares and retaining 69,641 shares valued at approximately $17.35 million. Institutional investors collectively own 72.2% of Amazon’s outstanding stock.
• Analysts remain broadly bullish: 56 analysts rate Amazon a Buy and three rate it a Hold, producing a “Moderate Buy” consensus and an average price target of $322.86. JPMorgan and Rosenblatt recently raised their targets to $365 and $360, respectively.
• Amazon reported strong quarterly results, with earnings of $5.75 per share and revenue of $200.61 billion, both exceeding expectations; revenue increased 19.6% year over year. However, insiders sold 71,589 shares worth $18.6 million over the past 90 days.

Tompkins Financial Corp lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,641 shares of the e-commerce giant's stock after selling 2,722 shares during the quarter. Amazon.com accounts for approximately 1.2% of Tompkins Financial Corp's holdings, making the stock its 22nd biggest position. Tompkins Financial Corp's holdings in Amazon.com were worth $17,351,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC raised its position in Amazon.com by 9.8% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 29,767 shares of the e-commerce giant's stock worth $7,416,000 after buying an additional 2,648 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its position in shares of Amazon.com by 1.1% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 753,345 shares of the e-commerce giant's stock valued at $187,696,000 after acquiring an additional 7,927 shares during the period. Bright Rock Capital Management LLC grew its holdings in Amazon.com by 210.5% during the third quarter. Bright Rock Capital Management LLC now owns 59,000 shares of the e-commerce giant's stock valued at $14,700,000 after purchasing an additional 40,000 shares during the period. Heartwood Wealth Advisors LLC grew its stake in shares of Amazon.com by 2.8% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 11,837 shares of the e-commerce giant's stock valued at $2,949,000 after acquiring an additional 320 shares during the period. Finally, Rockland Trust Co. increased its stake in shares of Amazon.com by 65.4% in the third quarter. Rockland Trust Co. now owns 168,213 shares of the e-commerce giant's stock worth $41,910,000 after purchasing an additional 66,529 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Citizens Jmp reaffirmed a "market outperform" rating and set a $315.00 target price 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 research report on Thursday, June 18th. Rosenblatt Securities raised their price objective on Amazon.com from $335.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $322.86.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $262.43 on Monday. The firm has a market capitalization of $2.83 trillion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. The business has a 50 day simple moving average of $258.83 and a two-hundred day simple moving average of $250.16. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share 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 for the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the prior year, the business posted $1.68 earnings per share. The company's revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 8.03 EPS for the current year.

Insider Buying and Selling

In other news, 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 completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares of the company's stock, valued at $123,465,145.81. This represents a 1.32% 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. Insiders have sold a total of 71,589 shares of company stock worth $18,580,515 over the last ninety days. Corporate insiders own 8.90% 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.

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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