Amazon.com, Inc. $AMZN Stock: KMG Fiduciary Partners LLC Decreases Position

Key Points

• KMG Fiduciary Partners reduced its Amazon position by 3.0% in the third quarter, selling 4,588 shares and retaining 150,508 shares valued at approximately $37.5 million. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Amazon reported stronger-than-expected quarterly results, with $5.75 in earnings per share and $200.61 billion in revenue, up 19.6% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $322.53.
• Recent developments support Amazon’s AI and AWS expansion, including efforts to increase Trainium adoption and plans for additional data-center power, though investors remain concerned about heavy capital spending, negative free cash flow and rising debt.

KMG Fiduciary Partners LLC trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,508 shares of the e-commerce giant's stock after selling 4,588 shares during the period. Amazon.com makes up 3.5% of KMG Fiduciary Partners LLC's portfolio, making the stock its 8th biggest position. KMG Fiduciary Partners LLC's holdings in Amazon.com were worth $37,499,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Amazon.com by 5.5% during the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock valued at $95,504,904,000 after acquiring an additional 21,398,025 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Amazon.com during the second quarter worth about $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com during the second quarter worth about $16,341,405,000. Amundi increased its position in shares of Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Amazon.com in the second quarter worth about $12,831,376,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at $31,024,217.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 that occurred 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 transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock valued at $18,580,515 over the last 90 days. Corporate insiders own 8.90% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $262.45 on Tuesday. The firm has a market cap of $2.83 trillion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45. The firm's 50-day simple moving average is $256.44 and its 200-day simple moving average is $252.31. 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, 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 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion for 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 company's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 8.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. KeyCorp reissued an "overweight" rating on shares of Amazon.com in a report on Thursday. Susquehanna restated a "positive" rating on shares of Amazon.com in a research note on Tuesday, October 6th. Zacks Research downgraded Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Rosenblatt Securities upped their target price on Amazon.com from $335.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, September 30th. Finally, Roth Capital reaffirmed a "buy" rating and issued a $325.00 target price on shares of Amazon.com in a research report on Monday, August 3rd. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $322.53.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Morgan Stanley names Amazon a top pick: The firm raised its price target to $350 from $335 and maintained an Overweight rating, citing an “under-appreciated” AWS growth runway. Morgan Stanley now expects AWS growth of approximately 47% in 2027, alongside potential gains from Bedrock, agentic AI, advertising, robotics and automated fulfillment. Amazon stock pops after Morgan Stanley details five catalysts
• Positive Sentiment: AWS makes Trainium easier to adopt: Amazon introduced TorchNeuron, a tool designed to let developers run existing PyTorch applications on its Trainium chips with minimal code changes. The software could reduce Nvidia’s CUDA-related ecosystem advantage, improve Trainium adoption and lower customer AI-computing costs. Amazon is taking its biggest shot at Nvidia with TorchNeuron
• Positive Sentiment: Long-term power strategy supports AI expansion: Amazon agreed to fund development of a proposed 960-megawatt Indiana nuclear plant and intends to purchase its electricity. The project could provide reliable power for expanding data-center capacity, although it remains subject to feasibility work and approvals. Amazon to fund 12 small nuclear reactors in Indiana
• Neutral Sentiment: Data-center supply chain activity: 3M expanded its commercial relationship with Amazon for data-center products, reportedly involving a multibillion-dollar opportunity. The agreement highlights continued infrastructure spending but does not appear to materially change Amazon’s near-term earnings outlook. 3M expands Amazon data center partnership
• Negative Sentiment: Capital intensity remains a risk: Commentary noted Amazon’s planned roughly $220 billion in annual capital expenditures, negative free cash flow and higher long-term debt. Investors will need evidence that AI spending translates into durable AWS revenue and margin expansion. Amazon’s AI data-center spending challenges

About Amazon.com

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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