Amazon.com, Inc. $AMZN Stock: First Citizens Bank & Trust Co. Increases Position

Key Points

• First Citizens Bank & Trust Co. increased its Amazon stake by 12.1% in the third quarter, bringing its holdings to 412,242 shares valued at approximately $102.7 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Wall Street remains broadly bullish: 57 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 reported strong quarterly results, with earnings of $5.75 per share and revenue of $200.61 billion, while shares recently opened at $262.63. However, investors remain focused on the company’s substantial capital-spending plans, free-cash-flow pressure and data-center capacity constraints.

First Citizens Bank & Trust Co. boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 412,242 shares of the e-commerce giant's stock after buying an additional 44,499 shares during the quarter. Amazon.com makes up approximately 1.4% of First Citizens Bank & Trust Co.'s portfolio, making the stock its 15th largest holding. First Citizens Bank & Trust Co.'s holdings in Amazon.com were worth $102,710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Auto Owners Insurance Co boosted its holdings in Amazon.com by 27,376.7% in 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 buying an additional 98,090,585 shares during the period. Bank of America Corp DE bought a new stake in shares of Amazon.com during the second quarter valued at about $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com in the second quarter worth about $16,341,405,000. Legal & General Group Plc purchased a new stake in shares of Amazon.com in the second quarter worth about $12,831,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Amazon.com in the second quarter worth about $6,631,466,000. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMZN shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amazon.com in a report on Monday, August 3rd. TD Cowen reiterated a "buy" rating and issued a $350.00 target price on shares of Amazon.com in a research note on Monday, October 5th. Yorkville Ives began coverage on shares of Amazon.com in a research note on Monday. They issued an "outperform" rating and a $300.00 target price on the stock. Wedbush raised their price target on shares of Amazon.com from $293.00 to $310.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Tigress Financial restated a "buy" rating and set a $385.00 price target (up from $315.00) on shares of Amazon.com in a research report on Tuesday, October 6th. Fifty-seven 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $322.53.

Amazon.com Stock Performance

NASDAQ AMZN opened at $262.63 on Wednesday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a fifty day moving average of $256.25 and a 200-day moving average of $252.67. The company has a market capitalization of $2.83 trillion, a P/E ratio of 21.13, a P/E/G ratio of 2.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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 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 analysts' expectations of $197.03 billion. During the same quarter in the prior year, the firm earned $1.68 earnings per share. The firm's revenue was up 19.6% on a year-over-year basis. As a group, equities research analysts predict that Amazon.com, Inc. will post 8.02 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas Herrington sold 6,362 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This represents a 1.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total value 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 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. In the last three months, insiders sold 71,589 shares of company stock worth $18,580,515. Company insiders own 8.90% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335. The firm expects AWS growth to accelerate to 47% in 2027 and cited cloud margins, Bedrock, agentic AI, advertising and robotics as additional catalysts. Amazon shares jump as Morgan Stanley calls AWS runway under-appreciated
• Positive Sentiment: Amazon plans to hire more than 300,000 U.S. seasonal, part-time and full-time workers—20% more than last year—signaling expectations for strong holiday shopping demand. It will also expand healthcare access for eligible seasonal employees beginning in 2027. Amazon Creates Over 300,000 New U.S. Jobs
• Positive Sentiment: AWS released TorchNeuron, which helps developers run existing PyTorch applications on Amazon’s Trainium chips with fewer code changes. The initiative could reduce reliance on Nvidia’s software ecosystem and improve Amazon’s long-term AI infrastructure economics. Amazon releases TorchNeuron
• Positive Sentiment: Amazon committed more than $17 billion to expand Germany operations, including AWS, AI infrastructure, logistics, satellite internet and Prime Video. The investment supports international growth but will require substantial capital. Amazon Germany investment
• Neutral Sentiment: Amazon is funding development of a proposed 960-megawatt Indiana small-modular-reactor project and would purchase its electricity if completed. The project could help address data-center power needs, but remains in the feasibility stage. Amazon Indiana nuclear project
• Negative Sentiment: Investors remain concerned about Amazon’s roughly $220 billion 2026 capital-spending plan, negative free cash flow and reports that some Nvidia AI systems cannot yet be powered because of data-center constraints. Heavy spending must translate into AWS revenue and profit growth.
• Negative Sentiment: Walmart’s new membership bundle increases competition with Amazon Prime, while analysts question whether customers will understand or use the offering. Amazon’s rising advertising and seller-services revenue also raises concerns about pressure on merchants’ profitability.

Amazon.com 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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