Amazon.com, Inc. $AMZN Stock Position Raised by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Amazon stake by 2.1% in the third quarter, adding 46,300 shares to reach 2.30 million shares valued at approximately $572.1 million. Institutional investors own 72.2% of Amazon’s stock.
• AWS and AI demand remain Amazon’s primary growth catalysts. Analysts cite strong cloud demand, Anthropic’s long-term AWS commitments and resilient retail operations, with Amazon holding a consensus “Moderate Buy” rating and a $325.12 price target.
• Heavy AI infrastructure spending is a key risk because data-center investment could pressure margins and free cash flow. Meanwhile, CEO Matthew Garman and CFO Brian Olsavsky sold shares under pre-arranged trading plans during the quarter.

TD Waterhouse Canada Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,303,862 shares of the e-commerce giant's stock after buying an additional 46,300 shares during the period. Amazon.com accounts for about 1.5% of TD Waterhouse Canada Inc.'s holdings, making the stock its 16th biggest holding. TD Waterhouse Canada Inc.'s holdings in Amazon.com were worth $572,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMZN. IFC & Insurance Marketing Inc. boosted its position in Amazon.com by 2.2% during the third quarter. IFC & Insurance Marketing Inc. now owns 2,760 shares of the e-commerce giant's stock worth $688,000 after acquiring an additional 60 shares during the last quarter. Peddock Capital Advisors LLC grew its stake in Amazon.com by 97.6% during the 3rd quarter. Peddock Capital Advisors LLC now owns 37,692 shares of the e-commerce giant's stock valued at $9,391,000 after acquiring an additional 18,620 shares in the last quarter. Opal Wealth Advisors LLC grew its stake in Amazon.com by 4.1% during the 3rd quarter. Opal Wealth Advisors LLC now owns 16,499 shares of the e-commerce giant's stock valued at $4,111,000 after acquiring an additional 655 shares in the last quarter. Wealth Intelligence LLC grew its stake in Amazon.com by 2.3% during the 3rd quarter. Wealth Intelligence LLC now owns 11,514 shares of the e-commerce giant's stock valued at $2,869,000 after acquiring an additional 255 shares in the last quarter. Finally, Rise Advisors LLC raised its holdings in Amazon.com by 2.7% in the 3rd quarter. Rise Advisors LLC now owns 11,989 shares of the e-commerce giant's stock valued at $2,987,000 after acquiring an additional 319 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com News Summary

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

• Positive Sentiment: AWS demand is the main catalyst. Amazon CEO Andy Jassy said AWS capacity is largely sold out through 2027, while analysts expect cloud growth to exceed forecasts as customers expand AI-computing usage. The combination of rising demand and a large backlog could support faster revenue growth and improve investor confidence in AWS. Amazon cloud growth expected to beat forecasts as AI demand strengthens
• Positive Sentiment: Anthropic’s IPO filing reinforces Amazon’s AI-infrastructure opportunity. The filing disclosed at least $110 billion of non-cancelable cloud commitments with Amazon, providing substantial long-term visibility for AWS. Amazon is also an Anthropic investor, creating potential upside from both cloud revenue and the value of its equity stake. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Analysts remain bullish ahead of earnings. UBS said expectations may be too low and sees substantial upside, while other analysts maintained Buy ratings and price targets ranging from $320 to $350, citing AWS growth, AI demand and resilient retail operations. Amazon analyst expectations and AWS growth
• Neutral Sentiment: Results are the immediate test. Investors will watch AWS growth, operating margins, capital expenditures, free cash flow and fourth-quarter guidance. The Federal Reserve’s policy decision and earnings from Microsoft and Alphabet may also influence sentiment toward mega-cap technology and AI stocks. Big Tech earnings outlook
• Negative Sentiment: High AI spending remains a risk. Amazon must invest heavily in data centers and computing capacity to serve its backlog, creating uncertainty over near-term margins, depreciation and free cash flow. Investors may also be concerned about intensifying competition from Walmart’s membership strategy and other digital-commerce platforms.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AMZN. Mizuho set a $330.00 target price on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Friday, July 31st. Royal Bank Of Canada boosted their target price on Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $325.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. TD Cowen reaffirmed a "buy" rating and issued a $350.00 price target on shares of Amazon.com in a report on Monday, October 5th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $300.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $325.12.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew Garman sold 14,541 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares in the company, valued at approximately $4,609,713.64. The trade was a 44.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the completion of the transaction, the chief financial officer directly owned 109,207 shares in the company, valued at $28,427,674.17. The trade was a 5.35% 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 quarter, insiders sold 71,589 shares of company stock worth $18,580,515. Insiders own 8.90% of the company's stock.

Amazon.com Price Performance

AMZN stock opened at $249.09 on Tuesday. The business has a fifty day moving average of $255.64 and a two-hundred day moving average of $243.00. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The stock has a market cap of $2.69 trillion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.45. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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 company had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the previous year, the business earned $1.68 earnings per share. The company's revenue for the quarter was up 19.6% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com, Inc. will post 7.55 earnings per share for the current 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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