Amazon.com, Inc. $AMZN Stock Sold by Whetstone Capital Advisors LLC

Key Points

• Whetstone Capital Advisors reduced its Amazon position by 25.6% in the second quarter, selling 23,833 shares and retaining 69,271 shares worth approximately $16.5 million. Institutional investors overall own 72.2% of Amazon’s stock.
• Amazon reported strong quarterly results, with earnings of $5.75 per share and revenue of $200.61 billion, up 19.6% year over year and above analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $322.86.
• Investors continue to weigh Amazon’s AI, AWS and advertising growth prospects against risks including roughly $220 billion in planned 2026 AI infrastructure spending, workforce reductions, regulatory pressure and concerns about weaker free cash flow.

Whetstone Capital Advisors LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 25.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,271 shares of the e-commerce giant's stock after selling 23,833 shares during the period. Amazon.com comprises approximately 4.4% of Whetstone Capital Advisors LLC's holdings, making the stock its 4th biggest holding. Whetstone Capital Advisors LLC's holdings in Amazon.com were worth $16,510,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Gemmer Asset Management LLC grew its stake in shares of Amazon.com by 0.4% during the second quarter. Gemmer Asset Management LLC now owns 18,410 shares of the e-commerce giant's stock valued at $4,388,000 after acquiring an additional 79 shares in the last quarter. Lotus Asset Management LLC purchased a new position in Amazon.com in the second quarter valued at about $809,000. National Pension Service boosted its holdings in Amazon.com by 4.0% in the second quarter. National Pension Service now owns 21,250,183 shares of the e-commerce giant's stock valued at $5,014,165,000 after purchasing an additional 807,859 shares during the last quarter. Darsana Capital Partners LP acquired a new stake in Amazon.com during the 2nd quarter valued at approximately $595,850,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Amazon.com during the 2nd quarter worth approximately $92,155,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Key Amazon.com News

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

• Positive Sentiment: Analysts remain broadly bullish on Amazon, citing accelerating AWS growth, expanding AI-services revenue and potential upside from advertising, logistics and other businesses. One report noted that 58 analysts cover the stock without a sell rating. 58 Analysts, Zero Sells: Amazon’s Price Target Is a Rare Consensus
• Positive Sentiment: Amazon launched three higher-priced Alexa-branded tablets running Android with Google Play access, positioning the devices against Apple and Samsung while expanding Alexa+ and AI monetization opportunities. Amazon launches first Android tablets, raising prices and incorporating Alexa
• Positive Sentiment: Amazon’s AWS pricing team is using an AI chatbot to automate complex customer-deal analysis, illustrating how the company is applying AI internally to improve productivity and potentially margins. AWS pricing team turns Excel model into an AI chatbot
• Neutral Sentiment: Amazon is adding two China-to-U.S. air-freight services, which could improve inventory replenishment and peak-season execution, although the financial impact was not disclosed. Amazon launches two new China-to-U.S. air freight options
• Negative Sentiment: Investors are concerned that planned 2026 capital spending of roughly $220 billion on AI infrastructure could push free cash flow further negative before the investments generate sufficient returns. Rising Treasury yields and oil prices are also pressuring technology valuations. Amazon stock hits rare valuation lows
• Negative Sentiment: Amazon confirmed another round of reductions affecting fewer than 1,000 employees, primarily in its Stores division. The cuts may support efficiency but also signal restructuring pressure in the core e-commerce business. Amazon makes fresh job cuts, mainly in retail division
• Negative Sentiment: Amazon is blocking external AI shopping agents such as Meta’s Muse from accessing its marketplace. Critics argue the policy could encourage startups to develop competing shopping platforms and weaken Amazon’s role in agent-driven commerce. Why Amazon is making a big AI mistake
• Negative Sentiment: An FTC lawsuit alleges Amazon overcharged advertisers by more than $20 billion, adding regulatory and potential financial risks to the company’s advertising business.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $254.06 on Friday. 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 firm's 50-day moving average price is $259.01 and its two-hundred day moving average price is $249.79. 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 $2.74 trillion, a P/E ratio of 20.44, a P/E/G ratio of 2.01 and a beta of 1.45.

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 the consensus estimate of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The business's revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 8.03 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Benchmark raised their price target on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Sanford C. Bernstein reissued an "outperform" rating and set a $320.00 price objective (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Cantor Fitzgerald restated an "overweight" rating on shares of Amazon.com in a research note on Monday. TD Cowen reiterated a "buy" rating and issued a $350.00 price target on shares of Amazon.com in a research note on Monday. Finally, DA Davidson reissued a "neutral" rating and issued a $250.00 price objective 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 given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $322.86.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 on Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the sale, the chief financial officer directly owned 109,207 shares in the company, valued at $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. 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 71,589 shares of company stock worth $18,580,515 over the last 90 days. Insiders own 8.90% of the company's stock.

About Amazon.com

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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