Amazon.com, Inc. $AMZN Stock Sold by CX Institutional

Key Points

• CX Institutional reduced its Amazon stake by 7.8% in the third quarter, selling 13,640 shares and retaining 161,556 shares valued at approximately $39.3 million. Institutional investors collectively own 72.2% of Amazon.
• Wall Street remains bullish: 56 analysts rate Amazon a Buy and three rate it Hold, resulting in a “Moderate Buy” consensus and an average price target of $322.86.
• Amazon reported quarterly EPS of $5.75, significantly above the $1.82 consensus estimate, while revenue rose 19.6% year over year to $200.61 billion. Recent insider sales totaled 71,589 shares worth about $18.6 million, conducted under pre-arranged trading plans.

CX Institutional trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,556 shares of the e-commerce giant's stock after selling 13,640 shares during the period. Amazon.com comprises 1.1% of CX Institutional's holdings, making the stock its 17th largest position. CX Institutional's holdings in Amazon.com were worth $39,338,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMZN. Silvant Capital Management LLC bought a new stake in Amazon.com in the 2nd quarter valued at $60,065,000. Public Employees Retirement System of Ohio acquired a new stake in Amazon.com during the 2nd quarter valued at $909,868,000. Northstar Financial Companies Inc. acquired a new stake in Amazon.com during the 2nd quarter valued at $3,376,000. Gryphon Financial Partners LLC boosted its position in Amazon.com by 7.5% during the first 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. boosted its position in Amazon.com by 1.7% during the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock worth $63,285,000 after purchasing an additional 5,104 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on AMZN. Pivotal Research reiterated a "buy" rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a report on Friday, July 31st. KeyCorp raised their target price on shares of Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. HSBC restated a "buy" rating and set a $310.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Wedbush lifted their target price on shares of Amazon.com from $293.00 to $310.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amazon.com in a report on Monday, August 3rd. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $322.86.

Insider Buying and Selling

In related news, CEO Douglas Herrington sold 1,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $251.50, for a total transaction of $251,500.00. Following the completion of the sale, the chief executive officer directly owned 474,681 shares in the company, valued at $119,382,271.50. This represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 sale, the senior vice president owned 41,190 shares of the company's stock, valued at $10,699,926.30. This represents a 18.35% 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. Insiders have sold a total of 71,589 shares of company stock worth $18,580,515 in the last 90 days. 8.90% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $262.43 on Friday. The firm has a fifty day simple moving average of $258.83 and a two-hundred day simple moving average of $249.88. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The company has a market capitalization of $2.83 trillion, a PE ratio of 21.11, a P/E/G ratio of 2.03 and a beta of 1.45.

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 (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 firm had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. During the same period last year, the firm earned $1.68 earnings per share. The company's revenue for the quarter was up 19.6% compared to the same quarter last year. Research analysts expect that Amazon.com, Inc. will post 8.03 EPS for the current year.

Amazon.com News Roundup

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

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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