Amazon.com, Inc. $AMZN Stock: St. Louis Financial Planners Asset Management LLC Trims Holdings

Key Points

• St. Louis Financial Planners Asset Management LLC cut its Amazon stake by 94.4% in the third quarter, selling 13,714 shares and retaining 806 shares worth approximately $200,000.
• Institutional investors own 72.2% of Amazon, while analysts remain broadly bullish: 57 rate the stock a Buy and three rate it Hold, producing a “Moderate Buy” consensus and an average price target of $325.12.
• Amazon recently exceeded quarterly expectations with $5.75 in earnings per share and $200.61 billion in revenue, up 19.6% year over year; however, insiders have sold $18.6 million worth of shares over the past 90 days.

St. Louis Financial Planners Asset Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 94.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 806 shares of the e-commerce giant's stock after selling 13,714 shares during the period. St. Louis Financial Planners Asset Management LLC's holdings in Amazon.com were worth $200,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AMZN. State Street Corp raised its stake in shares of Amazon.com by 5.5% during the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock worth $95,504,904,000 after buying an additional 21,398,025 shares during the last quarter. Bank of America Corp DE acquired a new stake in Amazon.com in the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in Amazon.com in the 2nd quarter valued at about $16,341,405,000. Amundi grew its stake in Amazon.com by 3.9% in the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock valued at $15,211,393,000 after acquiring an additional 2,421,739 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Amazon.com during the 2nd quarter valued at about $12,831,376,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMZN shares. Susquehanna restated a "positive" rating on shares of Amazon.com in a research report on Tuesday, October 6th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Cantor Fitzgerald dropped their price objective on shares of Amazon.com from $320.00 to $310.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Benchmark raised their price objective on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Finally, Citigroup restated a "market outperform" rating on shares of Amazon.com in a research report on Friday, August 14th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $325.12.

Amazon.com Trading Up 1.6%

NASDAQ:AMZN opened at $253.10 on Wednesday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The firm has a market cap of $2.73 trillion, a price-to-earnings ratio of 20.36 and a beta of 1.45. The company's 50-day moving average is $255.21 and its two-hundred day moving average is $243.10.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. The business's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 earnings per share. On average, equities research analysts forecast that Amazon.com, Inc. will post 7.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew S. Garman sold 14,541 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares in the company, valued at approximately $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares of the company's stock, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by corporate insiders.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS growth is the central bullish factor. Analysts expect Amazon Web Services to benefit from strong AI-related demand, with 2027 cloud capacity reportedly largely sold out. Wall Street estimates and several analysts’ price targets imply meaningful upside if AWS growth and margins exceed expectations. Amazon Q3 Earnings Preview: AWS Growth Takes Center Stage
• Positive Sentiment: Anthropic’s IPO filing reinforces Amazon’s AI infrastructure opportunity. Anthropic disclosed approximately $110 billion in non-cancelable cloud commitments with Amazon, providing substantial long-term revenue visibility for AWS. Amazon’s equity stake in Anthropic could also benefit from a higher public valuation, although related gains may be largely non-cash. Anthropic's IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: The FCC approved Amazon Leo’s $11.57 billion acquisition of Globalstar. The approval removes a regulatory hurdle and advances Amazon’s satellite-connectivity ambitions, though the deal will require significant investment. US agency approves Amazon Leo's acquisition of Globalstar
• Neutral Sentiment: Earnings expectations are elevated. Investors will focus on AWS revenue growth, operating margins, advertising, free cash flow and management’s capital-expenditure outlook after Thursday’s closing bell.
• Neutral Sentiment: Amazon is refining its internal AI strategy. New guidance tells engineers to measure business results rather than token usage or raw code generation, potentially improving productivity and controlling AI costs, but offering limited immediate financial impact. Amazon's anti-tokenmaxxing memo
• Negative Sentiment: Heavy AI infrastructure spending remains the main risk. Massive data-center investment is expected to weigh on free cash flow and profitability more heavily than at some peers, while investors question whether AWS growth will justify the spending.
• Negative Sentiment: Cost pressures could affect lower-margin businesses. Rising memory prices have forced difficult pricing and profitability trade-offs for Amazon’s devices unit, while AI-related restructuring and potential technology-sector layoffs add reputational and execution concerns.

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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