Amazon.com, Inc. $AMZN Stake Increased by Rockland Trust Co.

Key Points

• Rockland Trust increased its Amazon stake by 65.4% in the third quarter to 168,213 shares valued at approximately $41.9 million. Institutional investors and hedge funds own 72.2% of Amazon’s outstanding stock.
• Analysts remain broadly bullish, with 56 Buy ratings and three Holds, producing a consensus “Moderate Buy” rating and a price target of $322.86.
• Amazon reported quarterly earnings and revenue above expectations, while optimism around AWS and AI supports the outlook; however, heavy AI spending, restructuring, and regulatory scrutiny remain key risks.

Rockland Trust Co. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 65.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,213 shares of the e-commerce giant's stock after buying an additional 66,529 shares during the quarter. Amazon.com makes up approximately 1.6% of Rockland Trust Co.'s investment portfolio, making the stock its 17th largest position. Rockland Trust Co.'s holdings in Amazon.com were worth $41,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Violich Capital Management Inc. raised its position in Amazon.com by 4.0% in the third quarter. Violich Capital Management Inc. now owns 97,491 shares of the e-commerce giant's stock valued at $24,290,000 after purchasing an additional 3,750 shares during the period. Silverleafe Capital Partners LLC lifted its stake in shares of Amazon.com by 34.1% in the 3rd quarter. Silverleafe Capital Partners LLC now owns 6,706 shares of the e-commerce giant's stock valued at $1,671,000 after purchasing an additional 1,706 shares during the last quarter. Polaris Financial Partners acquired a new position in shares of Amazon.com in the 3rd quarter valued at $18,572,000. Boltwood Capital Management grew its holdings in shares of Amazon.com by 3.9% during the 3rd quarter. Boltwood Capital Management now owns 19,899 shares of the e-commerce giant's stock worth $4,958,000 after purchasing an additional 750 shares during the period. Finally, GoalVest Advisory LLC grew its holdings in shares of Amazon.com by 289.7% during the 3rd quarter. GoalVest Advisory LLC now owns 86,308 shares of the e-commerce giant's stock worth $21,504,000 after purchasing an additional 64,160 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Wells Fargo & Company reissued an "overweight" rating and set a $338.00 price objective (up from $328.00) on shares of Amazon.com in a research report on Thursday, September 3rd. Benchmark upped their target price 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. Truist Financial increased their target price on shares of Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. 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. Finally, Piper Sandler reiterated an "overweight" rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six research 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.86.

Amazon.com News Summary

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.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew Jassy sold 20,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. This represents a 0.89% decrease in their position. The transaction was disclosed in a filing 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 1,000 shares of the firm'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 transaction, the chief executive officer directly owned 474,681 shares of the company's stock, valued at $119,382,271.50. This represents a 0.21% decrease in their position. 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 sold 71,589 shares of company stock worth $18,580,515 over the last 90 days. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 3.3%

Shares of AMZN opened at $262.43 on Friday. The stock has a market capitalization of $2.83 trillion, a PE ratio of 21.11, a P/E/G ratio of 2.03 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 debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The company's 50-day simple moving average is $258.83 and its 200-day simple moving average is $249.88.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.68 earnings per share. Analysts forecast that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

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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