Amazon.com, Inc. $AMZN Stock Sold by Washington Trust Advisors Inc.

Key Points

• Washington Trust Advisors reduced its Amazon stake by 4.6% in the second quarter, selling 9,549 shares and retaining 198,001 shares valued at approximately $47.2 million. Institutional investors collectively own 72.2% of Amazon.
• Amazon reported strong quarterly results, with earnings of $5.75 per share versus the $1.82 consensus estimate and revenue of $200.61 billion, up 19.6% year over year.
• Analyst sentiment remains positive: 56 analysts rate Amazon a Buy, three assign a Hold, and the consensus price target is $321.63 versus the reported share price of $251.40.

Washington Trust Advisors Inc. lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,001 shares of the e-commerce giant's stock after selling 9,549 shares during the period. Amazon.com makes up 3.5% of Washington Trust Advisors Inc.'s holdings, making the stock its 6th biggest holding. Washington Trust Advisors Inc.'s holdings in Amazon.com were worth $47,192,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new position in shares of Amazon.com in the second quarter worth $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com during the second quarter worth $16,341,405,000. Invesco Ltd. raised its stake in shares of Amazon.com by 3.3% in the fourth quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock valued at $13,757,993,000 after acquiring an additional 1,879,630 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Amazon.com in the second quarter valued at $12,831,376,000. Finally, Amundi boosted its holdings in Amazon.com by 14.1% in the first quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock valued at $12,787,883,000 after purchasing an additional 7,590,952 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.0%

Shares of NASDAQ:AMZN opened at $251.40 on Tuesday. The company has a market capitalization of $2.71 trillion, a PE ratio of 20.23, a P/E/G ratio of 1.95 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.87 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 firm has a 50 day simple moving average of $257.46 and a 200-day simple moving average of $248.76.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 EPS. On average, equities analysts predict that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: TD Cowen reaffirmed its Buy rating and raised its price target to $350, implying substantial upside. Analysts and investment articles also point to AMZN’s roughly 20-times earnings valuation as historically low for the company. TD Cowen Reaffirms Buy Rating for Amazon
• Positive Sentiment: AWS is expanding its AI capabilities by hiring former Microsoft Copilot executive Pedram Rezaei to work on agentic AI, coding and workplace tools. AWS also says AI costs are falling rapidly, potentially broadening adoption and supporting future cloud demand. Amazon Hires Microsoft AI Leader
• Positive Sentiment: Amazon signed a multiyear, $1 billion-plus agreement with Synopsys to strengthen its custom-chip strategy. Developing its own chips could reduce reliance on Nvidia and improve AWS infrastructure economics over time. Amazon’s Chip Deal
• Positive Sentiment: Amazon is investing in data-center power and community support, including more than $3 billion tied to Maryland’s Calvert Cliffs nuclear plant and $1 billion for job training and energy-efficiency programs. These investments may ease local opposition and remove infrastructure constraints on AWS expansion. Amazon Data Center Community Investment
• Positive Sentiment: Prime Big Deal Days and holiday merchandising, including Amazon’s annual kids’ gift book, provide near-term catalysts for fourth-quarter retail sales. Amazon Prepares for Holiday Sales
• Neutral Sentiment: Amazon is reportedly considering moving approximately $8 billion of Nvidia chips into a special-purpose vehicle and leasing them back. The structure could improve capital flexibility, but it also highlights the scale and financing burden of AI infrastructure spending. Amazon Nvidia Chip Financing
• Negative Sentiment: Amazon blocks outside AI shopping agents while rivals are allowing greater access, raising concerns that agentic commerce could weaken Amazon’s direct relationship with shoppers or increase competitive pressure. AI Agents and Retailers
• Negative Sentiment: Investors remain concerned that AI infrastructure spending may require trillions of dollars in additional revenue to justify current industry investment. Data-center opposition, power shortages and uncertain returns could pressure margins and cash flow.
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan. The transaction was small relative to his remaining holdings and is not necessarily a signal of deteriorating confidence, but it may add modest headline pressure. SEC Filing

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 14,541 shares of the company'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 completion of the sale, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the sale, the chief financial officer owned 109,207 shares of the company's stock, valued at $28,427,674.17. This trade represents a 5.35% 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 a total of 71,589 shares of company stock valued at $18,580,515 in the last quarter. Corporate insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMZN. Bank of America boosted their target price on Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Citigroup reiterated a "market outperform" rating on shares of Amazon.com in a research note on Friday, August 14th. BMO Capital Markets reissued an "outperform" rating and set a $360.00 price objective (up from $355.00) on shares of Amazon.com in a research report on Tuesday, July 28th. DA Davidson restated a "neutral" rating and set a $250.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Finally, Barclays reaffirmed an "overweight" rating and issued a $365.00 target price (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $321.63.

Amazon.com 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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