Amazon.com, Inc. $AMZN Stock Sold by American National Bank & Trust

Key Points

• American National Bank & Trust cut its Amazon stake by 4.6% in the third quarter, selling 8,865 shares and retaining 183,204 shares worth approximately $45.6 million. Institutional investors collectively own 72.2% of Amazon’s stock.
• Wall Street remains broadly bullish, with 56 analysts rating Amazon a Buy and three rating it a Hold; the consensus is “Moderate Buy” with an average price target of $322.53.
• Amazon reported quarterly revenue of $200.61 billion and earnings per share of $5.75, beating estimates, while investors continue to weigh potential AI-related growth against the substantial cost of its infrastructure spending.

American National Bank & Trust reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 183,204 shares of the e-commerce giant's stock after selling 8,865 shares during the quarter. Amazon.com accounts for about 4.1% of American National Bank & Trust's investment portfolio, making the stock its 5th largest holding. American National Bank & Trust's holdings in Amazon.com were worth $45,645,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Silvant Capital Management LLC bought a new stake in shares of Amazon.com in the second quarter valued at approximately $60,065,000. Public Employees Retirement System of Ohio bought a new position in Amazon.com during the 2nd quarter worth $909,868,000. Northstar Financial Companies Inc. acquired a new position in Amazon.com in the 2nd quarter valued at $3,376,000. Gryphon Financial Partners LLC raised its holdings 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 valued at $15,221,000 after acquiring an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised 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 in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wells Fargo & Company set a $329.00 target price on Amazon.com and gave the company an "overweight" rating in a research report on Monday. Mizuho set a $330.00 price target on Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Benchmark boosted their price target on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $390.00 price objective (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Susquehanna reaffirmed a "positive" rating on shares of Amazon.com in a research report on Tuesday, October 6th. Fifty-six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $322.53.

Amazon.com Price Performance

Amazon.com stock opened at $259.53 on Tuesday. 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 52 week low of $196.00 and a 52 week high of $287.20. The stock has a market capitalization of $2.80 trillion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. The stock has a fifty day moving average of $258.34 and a 200-day moving average of $250.53.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the prior year, the company earned $1.68 EPS. Amazon.com's revenue for the quarter was up 19.6% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon is reportedly in talks to acquire AI startup Decart for approximately $7 billion. Decart’s software helps developers move workloads between different AI chips, potentially strengthening Amazon Web Services, its custom-chip strategy and its competitive position in generative AI. The deal remains uncertain and could still collapse. Amazon in Talks to Buy AI Startup Decart for Around $7 Billion
• Positive Sentiment: Analyst coverage remains broadly supportive. Reports citing 58 analysts showed no sell ratings, while Cantor Fitzgerald maintained an “overweight” rating and a $310 target, implying substantial upside despite trimming its target from $320. Amazon.com Price Target Lowered to $310 From $320
• Positive Sentiment: Several bullish analyses point to accelerating AWS growth, a growing advertising business and a large cloud backlog as reasons Amazon’s higher-margin businesses could support long-term earnings growth. Why It’s Time to Load Up on Amazon Stock
• Neutral Sentiment: Amazon’s reported AI ambitions include continued work with Anthropic, possible AI-startup investments and a potential satellite-internet bundle with Prime. These initiatives could expand its ecosystem, but they are longer-term opportunities without immediate earnings impact. Amazon Could Bundle Satellite Internet With Prime
• Negative Sentiment: Investors remain concerned about the scale of Amazon’s AI infrastructure spending. Amazon, Microsoft, Meta and Alphabet are expected to spend roughly $750 billion on capital expenditures this year, raising questions about free-cash-flow pressure and the returns on those investments. The Staggering Costs of a Single Data Center
• Negative Sentiment: Amazon is also reportedly considering an $8 billion financing structure for Nvidia AI chips, which could make spending more asset-light but underscores the enormous cost of its AI buildout. Amazon Wants Investors to Finance $8 Billion of Nvidia Chips
• Negative Sentiment: Amazon-specific commentary has highlighted a more challenging economic backdrop and a rating downgrade, while technology stocks broadly declined during the session, adding pressure to AMZN regardless of its company-specific catalysts. Amazon: The Economic Challenge Gets Bigger

Insider Activity

In other news, CFO Brian Olsavsky sold 6,172 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the transaction, the chief financial officer owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer directly owned 17,794 shares of the company's stock, valued at $4,609,713.64. This trade represents a 44.97% 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 90 days, insiders have sold 71,589 shares of company stock valued at $18,580,515. Corporate insiders own 8.90% of the company's stock.

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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