Amazon.com, Inc. $AMZN Stake Decreased by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG slightly reduced its Amazon stake by 3,997 shares, leaving it with 1.70 million shares worth approximately $423.8 million. Amazon represents about 8% of the bank’s portfolio, while institutional investors collectively own 72.2% of the company.
• Analysts remain broadly bullish on Amazon. The stock has a “Moderate Buy” consensus rating from MarketBeat, with 56 Buy ratings and an average price target of $320.86, well above its reported price of $240.35.
• Amazon missed third-quarter expectations with adjusted earnings of $1.89 per share versus the $1.97 consensus and revenue of $201.94 billion versus $202.22 billion expected. Strong AWS growth and AI opportunities are being weighed against heavy capital spending, weaker cash flow and concerns about near-term profitability.

Bank Pictet & Cie Europe AG trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,700,922 shares of the e-commerce giant's stock after selling 3,997 shares during the period. Amazon.com makes up approximately 8.0% of Bank Pictet & Cie Europe AG's holdings, making the stock its 3rd biggest holding. Bank Pictet & Cie Europe AG's holdings in Amazon.com were worth $423,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Amazon.com by 5.5% during the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock worth $95,504,904,000 after purchasing an additional 21,398,025 shares during the period. Bank of America Corp DE purchased a new position in Amazon.com in the second quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in Amazon.com in the 2nd quarter valued at $16,341,405,000. Amundi raised its position 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 acquiring an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Amazon.com during the 2nd quarter valued at about $12,831,376,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Wolfe Research restated an "outperform" rating and set a $315.00 target price on shares of Amazon.com in a report on Friday, July 31st. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $330.00 target price on shares of Amazon.com in a research note on Friday. UBS Group restated a "buy" rating and set a $348.00 price target (up from $318.00) on shares of Amazon.com in a research note on Monday, October 26th. KeyCorp set a $345.00 price objective on Amazon.com and gave the stock an "overweight" rating in a report on Friday. Finally, Benchmark raised their price objective on shares of Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $320.86.

Amazon.com Price Performance

Amazon.com stock opened at $240.35 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.99 and a quick ratio of 0.82. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The stock's 50 day moving average is $254.28 and its 200 day moving average is $243.09. The firm has a market cap of $2.59 trillion, a P/E ratio of 19.43, a P/E/G ratio of 1.86 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). The company had revenue of $201.94 billion during the quarter, compared to analysts' expectations of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 8.00 EPS for the current year.

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 14,541 shares of the firm's 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 sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of Amazon.com stock in a transaction that occurred 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 owned 476,681 shares in the company, 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. In the last three months, insiders have sold 70,589 shares of company stock valued at $18,302,125. 8.90% of the stock is currently owned by insiders.

Amazon.com News Roundup

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

• Positive Sentiment: AWS growth accelerated significantly. Amazon Web Services revenue rose 39% to approximately $46 billion, its fastest growth in nearly five years. Management said AWS could grow more than 40% annually in 2027 and 2028, supported by AI demand, a large backlog and rising cloud workloads. Analysts including JPMorgan, Canaccord, Monness and RBC maintained bullish ratings or targets, viewing AWS as a potential long-term, trillion-dollar business. AWS growth hits 39 percent
• Positive Sentiment: Amazon continues expanding its AI and adjacent businesses. The company plans to sell its Trainium AI chips externally by late 2027, while Amazon Pharmacy users increased more than 60% year over year and Prime Video reportedly reached profitability. Management also highlighted longer-term opportunities in retail automation, satellite internet and AI infrastructure. Amazon Trainium AI chips
• Neutral Sentiment: Analyst sentiment remains broadly constructive, but targets were trimmed. Several firms reaffirmed Buy or Outperform ratings, with targets generally well above the current trading level. However, Wells Fargo, Morgan Stanley, Wedbush, Scotiabank, Cantor Fitzgerald and others lowered targets, signaling reduced near-term confidence after the earnings release. Amazon price target changes
• Negative Sentiment: Amazon missed both major Q3 estimates. Earnings per share came in at $1.89 versus roughly $1.97–$2.01 expected, while revenue was $201.94 billion compared with about $202.2 billion anticipated. Fourth-quarter revenue guidance was also viewed as soft, raising concerns about holiday-season retail demand. Amazon fourth-quarter guidance
• Negative Sentiment: AI investment is pressuring cash flow and leverage. Amazon spent about $77 billion on property and equipment in Q3 and continues targeting approximately $220 billion in 2026 capital expenditures. Trailing free cash flow fell to a $42.4 billion deficit, while long-term debt increased substantially. Investors are questioning when the spending will generate adequate returns, overshadowing AWS’s strong growth. Amazon AI spending concerns
• Negative Sentiment: Broader technology-sector weakness amplified the selling. Amazon’s report contributed to a wider Nasdaq decline as investors reconsidered whether massive AI infrastructure spending across Big Tech can produce timely profits. Concerns about AI-related debt, cash burn and valuation affected sentiment beyond Amazon itself. Nasdaq and AI spending concerns

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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