City Holding Co. Grows Stock Position in Amazon.com, Inc. $AMZN

Key Points

• City Holding Co. increased its Amazon stake by 2.9% in the second quarter to 86,979 shares valued at approximately $20.73 million, making Amazon its fifth-largest holding. Institutional investors and hedge funds collectively own 72.2% of Amazon’s stock.
• Amazon reported strong quarterly results, posting $5.75 in earnings per share versus the $1.82 consensus estimate and revenue of $200.61 billion, up 19.6% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target near $322.
• CEO Douglas Herrington sold 3,741 shares worth about $983,000 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 0.79%. Amazon shares opened at $258.63, compared with a 52-week range of $196.00 to $287.20.

City Holding Co. raised its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,979 shares of the e-commerce giant's stock after buying an additional 2,476 shares during the quarter. Amazon.com comprises approximately 2.3% of City Holding Co.'s investment portfolio, making the stock its 5th biggest holding. City Holding Co.'s holdings in Amazon.com were worth $20,730,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Trust Asset Management LLC boosted its position in Amazon.com by 3.3% during the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after purchasing an additional 3,414 shares during the last quarter. MilWealth Group LLC grew its position in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after acquiring an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com in the 4th quarter valued at about $45,000. Elkhorn Partners Limited Partnership increased its stake in shares of Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 180 shares during the last quarter. Finally, Fairway Wealth LLC increased its stake in shares of Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock worth $51,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com News Summary

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

• Positive Sentiment: AI and AWS remain the main bullish catalysts: Amazon is part of a group of major technology companies expected to spend approximately $615 billion on AI infrastructure this year. AWS growth, a reported $496 billion backlog and an AI annualized revenue run rate above $25 billion reinforce the view that Amazon’s capital spending could translate into stronger long-term cloud revenue. AI infrastructure spending article
• Positive Sentiment: Analyst support is strong: Rosenblatt initiated coverage with a Buy rating and a $335 price target. The broader analyst consensus remains Moderately Buy, with an average target of about $322.56, suggesting substantial potential upside if AWS growth and margins improve. Rosenblatt coverage report
• Positive Sentiment: New growth initiatives could expand Amazon’s ecosystem: Prime Video plans to invest more than $2 billion in Latin America from 2027 through 2030, while the company is targeting drone delivery in nearly 500 U.S. cities and towns. Amazon also selected Austin for a multibillion-dollar robotics facility expected to create up to 500 jobs. Prime Video Latin America investment
• Neutral Sentiment: Anthropic investment offers both strategic value and valuation uncertainty: Amazon’s stake in the AI startup could become highly valuable if reported IPO valuations hold, and Anthropic supports AWS demand. However, some analysts question whether the private company’s potential valuation is justified by its current revenue and cash generation. Anthropic valuation analysis
• Negative Sentiment: Investors are concerned about spending and near-term returns: The $2 billion Prime Video expansion adds to Amazon’s investment burden, while the market is focusing more on underlying cash generation than gains related to the rising value of Anthropic. Amazon Prime Video investment analysis
• Negative Sentiment: Competitive and execution risks remain: SpaceX’s Starlink has more than 11,000 satellites compared with Amazon Leo’s fewer than 1,000, highlighting a significant gap in the satellite broadband race. Drone deliveries also face regulatory, noise, safety and reliability hurdles, including recent delivery mishaps. Starlink and Amazon Leo comparison

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,741 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $262.76, for a total transaction of $982,985.16. Following the sale, the chief executive officer owned 467,138 shares of the company's stock, valued at approximately $122,745,180.88. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,741 shares of company stock valued at $1,767,335 in the last quarter. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Zacks Research raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 4th. Roth Capital restated a "buy" rating and issued a $325.00 price target on shares of Amazon.com in a research note on Monday, August 3rd. KeyCorp lifted their price objective on shares of Amazon.com from $335.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, July 31st. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, June 18th. Finally, China Renaissance increased their target price on shares of Amazon.com from $300.00 to $326.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $322.39.

Amazon.com Price Performance

Amazon.com stock opened at $258.63 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. 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 $2.79 trillion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 1.72 and a beta of 1.45. The stock has a fifty day moving average of $249.86 and a 200-day moving average of $239.32.

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 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 analyst estimates of $197.03 billion. During the same period last year, the firm posted $1.68 earnings per share. Amazon.com's revenue was up 19.6% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current fiscal year.

Amazon.com 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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