AMG National Trust Bank Takes $30.71 Million Position in Amazon.com, Inc. $AMZN

Key Points

• AMG National Trust Bank acquired a new $30.71 million Amazon stake in the second quarter, purchasing 128,841 shares. Amazon represents 0.6% of the bank’s portfolio, while institutional investors collectively own 72.2% of the company.
• Amazon reported strong quarterly results, with $5.75 in EPS and $200.61 billion in revenue, exceeding analyst estimates and representing 19.6% year-over-year revenue growth. AWS growth and expanding AI partnerships remain key bullish catalysts, though the AI buildout requires significant capital spending.
• Amazon shares opened at $256.78, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $323.26. Company insiders have sold $18.57 million in stock over the past 90 days, including sales by CEOs Andrew Jassy and Douglas Herrington under pre-arranged trading plans.

AMG National Trust Bank bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 128,841 shares of the e-commerce giant's stock, valued at approximately $30,708,000. Amazon.com accounts for 0.6% of AMG National Trust Bank's portfolio, making the stock its 19th biggest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Idaho Trust Co bought a new stake in Amazon.com in the second quarter valued at approximately $645,000. Compass Capital Management Inc. bought a new stake in Amazon.com during the 2nd quarter valued at $12,943,000. Prospect Financial Group LLC bought a new stake in Amazon.com during the 2nd quarter valued at $1,130,000. Avise Financial Cooperative Inc. purchased a new stake in Amazon.com during the 2nd quarter valued at $1,390,000. Finally, Insight Wealth Partners LLC purchased a new stake in Amazon.com during the 2nd quarter valued at $2,581,000. Institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, CEO Andrew Jassy sold 20,000 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, the chief executive officer directly owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. This trade represents a 1.32% 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. Over the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,568,785. Insiders own 8.90% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $256.78 on Friday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20. The firm has a market cap of $2.77 trillion, a P/E ratio of 20.66, a PEG ratio of 1.94 and a beta of 1.44. The company has a 50 day moving average of $255.56 and a 200 day moving average of $244.13. 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 (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $197.03 billion. During the same period in the prior year, the firm posted $1.68 EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

Amazon.com News Summary

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

• Positive Sentiment: AWS remains the primary bullish catalyst. Analysts and market commentators described AWS as the “heartbeat” of the AI trade, citing its fastest growth in 18 quarters and Amazon’s ability to combine cloud AI services with its large e-commerce ecosystem. AWS Cloud Heartbeat of AI Trade
• Positive Sentiment: A major Qualcomm partnership strengthens Amazon’s AI infrastructure position. Amazon could purchase as much as $60 billion of Qualcomm AI data-center chips and related products under a long-term agreement. The deal supports AWS capacity expansion and signals confidence in sustained AI demand, although it also implies substantial future capital spending. Qualcomm AI Ambitions Get a Boost From Amazon Partnership
• Positive Sentiment: Amazon’s AI products are gaining enterprise validation. Rivian used Amazon Bedrock to automate finance work and eliminate more than 15 days of manual effort per close cycle, offering a concrete example of potential Bedrock demand. Amazon also expanded its Quick AI assistant to mobile devices. Rivian’s AI Agents Cut 15 Days From Every Close
• Positive Sentiment: Prime Air is moving closer to broader UK drone deliveries. Amazon completed more than 500 flights during a UK trial and is seeking approval to expand service in Darlington. Successful deployment could improve delivery economics and support longer-term logistics automation. Amazon delivery drones set for UK expansion
• Neutral Sentiment: Amazon Pay India is considering travel insurance and other financial products, expanding its potential addressable market but providing limited near-term earnings impact. Amazon Pay plans to expand insurance offerings
• Negative Sentiment: Risks remain around costs, leverage, and operations. Amazon’s AI buildout requires heavy capital spending and new debt, while potential changes to Ohio data-center tax incentives could reduce project economics. Separately, a fatal accident involving an aircraft operating for Prime Air has increased regulatory and reputational risk. Amazon’s Aviation Network Faces a Sobering Test

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Raymond James Financial restated an "outperform" rating and issued a $390.00 price objective (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. Citizens Jmp reiterated a "market outperform" rating and set a $315.00 target price on shares of Amazon.com in a report on Friday, July 31st. DA Davidson restated a "neutral" rating and set a $250.00 price target on shares of Amazon.com in a report on Friday, July 31st. Mizuho set a $330.00 price target on Amazon.com and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Amazon.com in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $323.26.

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon's websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

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