Amazon.com, Inc. $AMZN Stock: Central Pacific Bank Trust Division Decreases Position

Key Points

• Central Pacific Bank Trust Division reduced its Amazon stake by 5.6% in the third quarter, selling 3,037 shares and retaining 50,970 shares valued at approximately $12.7 million. Amazon remains the fund’s 10th-largest holding and represents about 1.3% of its portfolio.
• Institutional investors own approximately 72.2% of Amazon’s shares, while several smaller funds initiated or increased positions during recent quarters.
• Analysts remain broadly bullish, with Amazon holding a “Moderate Buy” consensus rating and an average price target of $322.86, though AI-related capital spending, regulatory scrutiny, and insider selling remain key risks.

Central Pacific Bank Trust Division lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,970 shares of the e-commerce giant's stock after selling 3,037 shares during the period. Amazon.com comprises about 1.3% of Central Pacific Bank Trust Division's holdings, making the stock its 10th largest holding. Central Pacific Bank Trust Division's holdings in Amazon.com were worth $12,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of AMZN. TOP Private Wealth LLC. purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $29,000. Bard Associates Inc. bought a new position in shares of Amazon.com in the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC bought a new position in shares of Amazon.com in the second quarter worth approximately $33,000. Atomic Invest LLC increased its stake in shares of Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after buying an additional 49 shares during the period. Finally, Lifetime Wealth Management P.C. purchased a new position in shares of Amazon.com in the fourth quarter worth $45,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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 Stock Performance

Shares of AMZN stock opened at $262.43 on Monday. The stock has a fifty day moving average of $258.83 and a 200 day moving average of $250.16. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The firm has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.11, a PEG ratio of 2.03 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (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 for the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm earned $1.68 EPS. The company's quarterly revenue was up 19.6% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 8.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. Morgan Stanley reiterated an "overweight" rating and set a $335.00 price target (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Truist Financial boosted their price objective on shares of Amazon.com from $320.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $300.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. Finally, Tigress Financial reaffirmed a "buy" rating and set a $385.00 price objective (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus price target of $322.86.

Insider Activity

In other news, CEO Matthew S. Garman sold 14,541 shares of Amazon.com stock in a transaction dated 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 sale, the chief executive officer owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% 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 owned by company insiders.

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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