Charles Schwab Trust Co Purchases 5,480 Shares of Amazon.com, Inc. $AMZN

Key Points

• Charles Schwab Trust Co increased its Amazon stake by 66.5% in the third quarter, purchasing 5,480 additional shares and bringing its holdings to 13,719 shares valued at approximately $3.42 million.
• Institutional investors own 72.2% of Amazon, with major firms including State Street, Amundi, and Legal & General expanding or initiating positions.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $322.53 price target, though investors are watching Amazon’s AI spending, free-cash-flow impact, and upcoming quarterly results for execution risks.

Charles Schwab Trust Co lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 66.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,719 shares of the e-commerce giant's stock after purchasing an additional 5,480 shares during the period. Charles Schwab Trust Co's holdings in Amazon.com were worth $3,418,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. State Street Corp grew its stake in Amazon.com by 5.5% in the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant's stock valued at $95,504,904,000 after purchasing an additional 21,398,025 shares during the period. Bank of America Corp DE bought a new stake in shares of Amazon.com during the 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com during the 2nd quarter worth $16,341,405,000. Amundi raised its stake in shares of Amazon.com by 3.9% during the 2nd quarter. Amundi now owns 63,822,242 shares of the e-commerce giant's stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc purchased a new position in shares of Amazon.com in the 2nd quarter worth about $12,831,376,000. 72.20% of the stock is owned by institutional investors.

More Amazon.com News

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

• Positive Sentiment: AWS growth is accelerating, with analysts focused on stronger demand for AI infrastructure, a large cloud backlog and potential margin expansion. Morgan Stanley named Amazon a top pick and raised its price target to $350, citing AWS growth, advertising, Prime, and fulfillment automation as additional catalysts. Amazon's $350 Price Target Faces a Big Earnings Test
• Positive Sentiment: CEO Andy Jassy said Amazon’s Trainium chips could reduce AI inference costs, which he characterized as roughly 10 times too high today. Successful adoption of internally designed chips could lower AWS infrastructure costs and improve profitability. Amazon CEO Discusses AI Inference Costs and Trainium
• Positive Sentiment: Analysts also see longer-term upside from warehouse automation, logistics expansion and advertising monetization, while Amazon’s planned UK entry-level hiring initiative may support its workforce and public-image goals. Amazon Logistics Automation Offers Long-Term Margin Gains
• Neutral Sentiment: Investors are awaiting the October 29 quarterly report, which is expected to clarify AWS growth, cloud margins, capital-spending guidance, free-cash-flow recovery and early Prime Day demand. Amazon Earnings Scheduled for October 29
• Negative Sentiment: The $220 billion investment plan has pushed free cash flow into the red and raised concerns that AI spending may outpace near-term returns. Reports that Nvidia hardware is waiting for available data-center power add execution risk to the infrastructure buildout. Amazon AI Hardware Awaits Data-Center Power

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AMZN. Rosenblatt Securities boosted their price target on shares of Amazon.com from $335.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, September 30th. Evercore set a $355.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a report on Friday, August 28th. HSBC reaffirmed a "buy" rating and issued a $310.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Raymond James Financial reiterated an "outperform" rating and issued a $390.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Cantor Fitzgerald lowered their target price on shares of Amazon.com from $320.00 to $310.00 and set an "overweight" rating on the stock in a report on Monday, October 12th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $322.53.

Amazon.com Stock Performance

Shares of AMZN stock opened at $248.00 on Friday. The company has a market capitalization of $2.68 trillion, a P/E ratio of 19.95, a PEG ratio of 2.06 and a beta of 1.45. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock has a 50 day moving average price of $255.56 and a two-hundred day moving average price of $253.29.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. The firm's revenue for the quarter was up 19.6% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 7.55 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas Herrington sold 1,000 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $251.50, for a total value of $251,500.00. Following the sale, the chief executive officer owned 474,681 shares of the company's stock, valued at $119,382,271.50. This trade represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is currently owned by insiders.

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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