Amazon.com, Inc. $AMZN Stake Lowered by DMC Group LLC

Key Points

• DMC Group LLC reduced its Amazon stake by 21.8% in the second quarter, selling 2,883 shares and retaining 10,331 shares valued at approximately $2.46 million. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Analysts remain broadly bullish: Amazon has 56 Buy ratings and three Hold ratings, with a consensus price target of $321.63. Recent targets range from $320 to $400.
• Amazon reported strong quarterly results, with revenue rising 19.6% year over year to $200.61 billion and EPS of $5.75, well above the $1.82 consensus estimate.

DMC Group LLC cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,331 shares of the e-commerce giant's stock after selling 2,883 shares during the period. Amazon.com accounts for about 1.7% of DMC Group LLC's investment portfolio, making the stock its 13th largest position. DMC Group LLC's holdings in Amazon.com were worth $2,462,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Auto Owners Insurance Co increased its stake in shares of 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 purchasing an additional 98,090,585 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $16,341,405,000. Amundi boosted its holdings in Amazon.com by 14.1% in the first quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock worth $12,787,883,000 after purchasing an additional 7,590,952 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Amazon.com by 3.3% in 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 in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on AMZN. Truist Financial raised their target price on Amazon.com from $320.00 to $350.00 and gave the company a "buy" rating in a report on Friday, July 31st. Bank of America upped their price target on Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. DA Davidson reissued a "neutral" rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Benchmark raised their price objective on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Cantor Fitzgerald restated an "overweight" rating on shares of Amazon.com in a report on Monday. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus target price of $321.63.

More Amazon.com News

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

• Positive Sentiment: TD Cowen reaffirmed its Buy rating and raised its price target to $350, implying substantial upside. Analysts and investment articles also point to AMZN’s roughly 20-times earnings valuation as historically low for the company. TD Cowen Reaffirms Buy Rating for Amazon
• Positive Sentiment: AWS is expanding its AI capabilities by hiring former Microsoft Copilot executive Pedram Rezaei to work on agentic AI, coding and workplace tools. AWS also says AI costs are falling rapidly, potentially broadening adoption and supporting future cloud demand. Amazon Hires Microsoft AI Leader
• Positive Sentiment: Amazon signed a multiyear, $1 billion-plus agreement with Synopsys to strengthen its custom-chip strategy. Developing its own chips could reduce reliance on Nvidia and improve AWS infrastructure economics over time. Amazon’s Chip Deal
• Positive Sentiment: Amazon is investing in data-center power and community support, including more than $3 billion tied to Maryland’s Calvert Cliffs nuclear plant and $1 billion for job training and energy-efficiency programs. These investments may ease local opposition and remove infrastructure constraints on AWS expansion. Amazon Data Center Community Investment
• Positive Sentiment: Prime Big Deal Days and holiday merchandising, including Amazon’s annual kids’ gift book, provide near-term catalysts for fourth-quarter retail sales. Amazon Prepares for Holiday Sales
• Neutral Sentiment: Amazon is reportedly considering moving approximately $8 billion of Nvidia chips into a special-purpose vehicle and leasing them back. The structure could improve capital flexibility, but it also highlights the scale and financing burden of AI infrastructure spending. Amazon Nvidia Chip Financing
• Negative Sentiment: Amazon blocks outside AI shopping agents while rivals are allowing greater access, raising concerns that agentic commerce could weaken Amazon’s direct relationship with shoppers or increase competitive pressure. AI Agents and Retailers
• Negative Sentiment: Investors remain concerned that AI infrastructure spending may require trillions of dollars in additional revenue to justify current industry investment. Data-center opposition, power shortages and uncertain returns could pressure margins and cash flow.
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan. The transaction was small relative to his remaining holdings and is not necessarily a signal of deteriorating confidence, but it may add modest headline pressure. SEC Filing

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 2,343 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is currently owned by corporate insiders.

Amazon.com Stock Performance

NASDAQ AMZN opened at $251.40 on Tuesday. The company's fifty day moving average is $257.46 and its two-hundred day moving average is $248.76. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week 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. The firm has a market capitalization of $2.71 trillion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.95 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 8.01 EPS for the current 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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