Amazon.com, Inc. $AMZN Stock Position Cut by Investment House LLC

Key Points

• Investment House LLC cut its Amazon position by 21.7% in the third quarter, selling 75,585 shares and retaining 272,862 shares worth about $68 million.
• Amazon’s latest quarter missed analyst expectations for both earnings and revenue, although sales rose 12.1% year over year. Shares also faced pressure from tech-market weakness and concerns over heavy AI and data-center spending.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $321.74; AWS growth and AI opportunities are cited as potential long-term drivers.

Investment House LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 21.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 272,862 shares of the e-commerce giant's stock after selling 75,585 shares during the quarter. Amazon.com accounts for 3.0% of Investment House LLC's portfolio, making the stock its 7th largest position. Investment House LLC's holdings in Amazon.com were worth $67,983,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Silvant Capital Management LLC purchased a new position in Amazon.com in the second quarter worth about $60,065,000. Public Employees Retirement System of Ohio bought a new stake in shares of Amazon.com during the 2nd quarter valued at $909,868,000. Northstar Financial Companies Inc. bought a new position in shares of Amazon.com in the second quarter worth about $3,376,000. Gryphon Financial Partners LLC boosted its stake in Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock worth $15,221,000 after purchasing an additional 5,125 shares during the period. Finally, First Citizens Bank & Trust Co. increased its holdings in Amazon.com by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock valued at $63,285,000 after acquiring an additional 5,104 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com News Roundup

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

• Positive Sentiment: AWS and AI opportunities support the long-term outlook. AWS growth has accelerated, and CEO Andy Jassy has indicated the cloud business could grow around 40% in 2027 and 2028. Amazon’s stake in Anthropic could also gain value if the AI company proceeds with a potential IPO, although the outcome is uncertain. AWS growth outlook Amazon's Anthropic investment
• Positive Sentiment: New customer and shopping features could strengthen Prime. Amazon’s Uber Eats partnership lets Prime members order restaurant meals through Amazon, while expanded Alexa shopping tools add functions for managing subscriptions, billing questions, and lists. These moves may boost engagement, though their near-term financial impact is unclear. Uber Eats partnership Alexa shopping functions
• Neutral Sentiment: Amazon plans to raise U.S. marketplace fulfillment fees by an average of 19 cents per item in 2027. The increase could help offset costs but may add pressure on sellers. Seller fee changes
• Negative Sentiment: Market-wide tech weakness and spending concerns weighed on sentiment. Amazon shares pulled back as a technology selloff erased earlier gains. Investors are also weighing Amazon’s recent earnings miss against substantial AI and data-center investment, which raises concerns about cash flow and the timing of returns—even as AWS demand remains strong. Technology selloff Earnings and spending concerns
• Negative Sentiment: FTC allegations add advertising-related regulatory risk. The FTC alleges Amazon misled advertisers about the reasons for increases in ad prices around major shopping events, potentially adding legal and reputational concerns. FTC allegations

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research reports. Piper Sandler reiterated an "overweight" rating on shares of Amazon.com in a research report on Friday, October 30th. The Goldman Sachs Group reiterated a "conviction-buy" rating and issued a $370.00 target price on shares of Amazon.com in a research note on Friday, October 30th. Mizuho boosted their price target on Amazon.com from $330.00 to $335.00 and gave the company an "outperform" rating in a report on Friday, October 30th. Cantor Fitzgerald dropped their target price on shares of Amazon.com from $310.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Finally, Wells Fargo & Company cut their price target on Amazon.com from $329.00 to $326.00 and set an "overweight" rating on the stock in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $321.74.

Insider Activity

In other Amazon.com news, 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 value of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.06, for a total value of $3,766,991.46. Following 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 ownership of the stock. 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 90 days, insiders have sold 71,589 shares of company stock worth $18,545,595. Insiders own 8.90% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $260.21 on Friday. The firm has a market cap of $2.81 trillion, a PE ratio of 21.04, a PEG ratio of 2.02 and a beta of 1.49. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The firm has a fifty day moving average of $253.89 and a 200 day moving average of $243.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same period in the previous year, the company earned $1.95 EPS. Amazon.com's revenue was up 12.1% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 7.80 EPS for the current fiscal year.

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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