Amazon.com, Inc. $AMZN Stock Bought by New Covenant Trust Company N.A.

Key Points

• New Covenant Trust Company increased its Amazon position by 14.7% in the third quarter, owning 15,164 shares worth approximately $3.78 million. Institutional investors collectively hold 72.2% of Amazon’s outstanding stock.
• Wall Street remains 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 $322.53. Amazon also exceeded quarterly expectations with $5.75 in EPS and $200.61 billion in revenue, up 19.6% year over year.
• Investors are balancing strong AWS and AI-growth prospects against concerns over more than $220 billion in planned capital spending, pressure on free cash flow, potential UK marketplace taxes and increasing competition in smart-home devices.

New Covenant Trust Company N.A. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 14.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 15,164 shares of the e-commerce giant's stock after purchasing an additional 1,938 shares during the period. Amazon.com comprises 2.6% of New Covenant Trust Company N.A.'s holdings, making the stock its 10th largest position. New Covenant Trust Company N.A.'s holdings in Amazon.com were worth $3,778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Auto Owners Insurance Co lifted its position in shares of Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock valued at $2,272,397,000 after buying an additional 98,090,585 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $16,341,405,000. Legal & General Group Plc acquired a new position in shares of Amazon.com during the 2nd quarter worth approximately $12,831,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Amazon.com during the 2nd quarter worth approximately $6,631,466,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research analyst reports. Evercore set a $355.00 price target on Amazon.com and gave the company an "outperform" rating in a research note on Friday, August 28th. UBS Group set a $200.00 price objective on shares of Amazon.com in a research report on Thursday, September 17th. Needham & Company LLC reiterated a "buy" rating and issued a $300.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Mizuho set a $330.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Wedbush increased their price objective on shares of Amazon.com from $293.00 to $310.00 and gave the company an "outperform" rating 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $322.53.

Amazon.com Stock Down 0.4%

NASDAQ AMZN opened at $258.58 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The company has a market cap of $2.79 trillion, a price-to-earnings ratio of 20.80, a PEG ratio of 2.01 and a beta of 1.45. The company has a 50 day moving average of $257.96 and a 200-day moving average of $250.86. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. The firm's quarterly revenue was up 19.6% compared to the same quarter last year. On average, equities research analysts expect that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 14,541 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following 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. 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. Over the last three months, insiders sold 71,589 shares of company stock worth $18,580,515. Corporate insiders own 8.90% of the company's stock.

Amazon.com News Summary

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

• Positive Sentiment: Amazon is reportedly in advanced discussions to acquire AI startup Decart for approximately $7 billion. Decart’s software helps developers switch workloads among different AI chips, potentially strengthening AWS, Amazon’s custom-chip strategy and its broader AI infrastructure offering. The deal remains unfinalized, but investors view it as a way to acquire specialized technology and talent. Amazon weighs Decart deal
• Positive Sentiment: A bullish fundamental case remains intact: AWS growth is reportedly above 35%, AI-related demand is supporting a cloud backlog approaching $500 billion, and operating cash flow has risen 33% to $161.4 billion. Analysts at Erste Group also raised their fiscal 2027 EPS forecast to $10.71 from $10.54. Amazon free cash flow outlook
• Neutral Sentiment: Investors are awaiting Q3 results later this month for evidence that AWS demand, advertising and revenue growth can offset the near-term impact of AI infrastructure spending. Analysts generally remain positive, although Cantor Fitzgerald recently reduced its price target to $310 from $320 while retaining an Overweight rating. Amazon Q3 earnings preview
• Negative Sentiment: Amazon’s planned capital spending could exceed $220 billion this year. Depreciation, energy costs and rapidly aging AI hardware are pressuring free cash flow, raising concerns that AWS growth and its large backlog may take time to produce adequate returns. The potential Decart purchase also adds to concerns about valuation and capital discipline.
• Negative Sentiment: The UK government is expected to target online marketplaces, including Amazon, in a tax crackdown. New fees or compliance requirements could increase costs for Amazon and third-party sellers. UK online marketplace tax crackdown
• Negative Sentiment: Apple’s new HomeView smart display, cameras, doorbell and smart lock expand competition with Amazon’s Echo and Ring businesses, potentially increasing pressure on Amazon’s consumer-device margins and market share. Apple challenges Amazon in smart home

Amazon.com 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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