AMI Asset Management Corp Reduces Stock Position in Amazon.com, Inc. $AMZN

AMI Asset Management Corp decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 331,221 shares of the e-commerce giant's stock after selling 7,026 shares during the quarter. Amazon.com comprises approximately 4.5% of AMI Asset Management Corp's holdings, making the stock its 5th largest position. AMI Asset Management Corp's holdings in Amazon.com were worth $78,943,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AMZN. Evolution Wealth Management Inc. lifted its stake in Amazon.com by 31.9% during the second quarter. Evolution Wealth Management Inc. now owns 5,128 shares of the e-commerce giant's stock valued at $1,222,000 after purchasing an additional 1,239 shares during the last quarter. Cordoba Advisory Partners LLC boosted its holdings in Amazon.com by 206.9% during the second quarter. Cordoba Advisory Partners LLC now owns 3,625 shares of the e-commerce giant's stock worth $864,000 after buying an additional 2,444 shares in the last quarter. Unique Wealth LLC grew its position in Amazon.com by 4.7% in the second quarter. Unique Wealth LLC now owns 10,659 shares of the e-commerce giant's stock worth $2,540,000 after buying an additional 482 shares during the last quarter. Appalachian Capital Management Ltd grew its position in Amazon.com by 2.4% in the second quarter. Appalachian Capital Management Ltd now owns 4,218 shares of the e-commerce giant's stock worth $1,005,000 after buying an additional 100 shares during the last quarter. Finally, Flagstone Financial Management increased its holdings in shares of Amazon.com by 19.0% in the second quarter. Flagstone Financial Management now owns 2,558 shares of the e-commerce giant's stock valued at $610,000 after buying an additional 408 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,343 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value 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 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 $18,580,205 in the last quarter. Insiders own 8.90% of the company's stock.

Amazon.com Price Performance

NASDAQ AMZN opened at $266.43 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 stock has a market capitalization of $2.87 trillion, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.45. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a 50 day moving average price of $251.62 and a two-hundred day moving average price of $240.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter last year, the firm earned $1.68 EPS. Amazon.com's revenue for the quarter was up 19.6% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Arete Research upped their target price on Amazon.com from $301.00 to $310.00 and gave the company a "buy" rating in a report on Monday, May 18th. Citigroup reissued a "market outperform" rating on shares of Amazon.com in a research note on Friday, August 14th. Barclays restated an "overweight" rating and set a $365.00 price objective (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Telsey Advisory Group set a $335.00 price objective on shares of Amazon.com and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $315.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $323.09.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Evercore raises target on agentic AI potential. Evercore ISI lifted its AMZN price target to $355 from $315.16 and maintained an Outperform rating. The firm believes agentic AI could improve retail growth and strengthen trends across Amazon Web Services (AWS), advertising and e-commerce. Why is Amazon stock surging 4% today
• Positive Sentiment: Expanded Nvidia partnership reinforces AI demand. Amazon plans to add 2 million Nvidia GPUs to its data centers in 2027–2028, bringing its announced commitment to roughly 3 million chips. The spending signals strong expected demand for AWS AI capacity and helped distinguish Amazon positively within the AI infrastructure sector. Amazon just tripled its order of Nvidia chips over surging demand
• Positive Sentiment: AWS and AI economics remain major growth catalysts. Reports cited approximately 37% AWS revenue growth to $42.2 billion in the second quarter, while Amazon’s AI and chip businesses each reached annualized revenue run rates above $25 billion. Analysts also highlighted solid retail profitability and long-term cloud adoption. Amazon Stock: AI Investment Gains Momentum as AWS Revenue Surges
• Positive Sentiment: New distribution and energy initiatives support the platform. Amazon plans to expand Prime Air drone delivery to nearly 500 U.S. cities by year-end, while new power-purchase agreements add 600 megawatts of carbon-free electricity and support data-center expansion. Amazon is about to six times its drone delivery footprint
• Neutral Sentiment: Amazon-backed Zoox is launching robotaxi service in San Francisco, creating a potential long-term growth option but adding an unproven business with significant execution requirements. Amazon-backed Zoox launches robotaxis in San Francisco
• Negative Sentiment: AI spending is raising return-on-investment concerns. The enlarged GPU commitment adds to an already substantial capital budget, prompting investors to question whether AWS demand and AI monetization will justify the cost. Amazon’s post-earnings gains have also partially faded, and billionaire Bill Ackman reportedly shifted from Amazon to Microsoft.
• Negative Sentiment: California litigation over alleged price-fixing remains an overhang, although a judge indicated the state’s request to block Amazon’s practices would likely be denied. Judge likely to deny California’s bid to stop Amazon’s alleged price fixing

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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