DAVENPORT & Co LLC Has $472.87 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• DAVENPORT & Co LLC trimmed its Amazon stake by 0.2% to 2,046,367 shares valued at approximately $472.87 million, making AMZN its second-largest holding at 2.5% of the firm's portfolio.
• Insider selling was notable — CEO Andrew R. Jassy sold 19,872 shares for about $4.08 million and insiders sold 71,686 shares totaling roughly $14.69 million over the last quarter; insiders still own 10.8% of the company.
• Analyst and market sentiment is broadly positive (consensus "Moderate Buy", average target $286.66) supported by rising AWS AI demand and robotics/automation plans, but risks include heavy AI capex/debt concerns, executive departures in the chip team, and macro volatility.

DAVENPORT & Co LLC decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,046,367 shares of the e-commerce giant's stock after selling 4,372 shares during the period. Amazon.com comprises 2.5% of DAVENPORT & Co LLC's portfolio, making the stock its 2nd largest holding. DAVENPORT & Co LLC's holdings in Amazon.com were worth $472,871,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairway Wealth LLC lifted its holdings in shares of Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after buying an additional 60 shares during the period. Sellwood Investment Partners LLC bought a new stake in shares of Amazon.com in the third quarter worth $27,000. Bridge Generations Wealth Management LLC increased its position in Amazon.com by 2,330.0% during the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock valued at $53,000 after acquiring an additional 233 shares during the last quarter. Cooksen Wealth LLC increased its position in Amazon.com by 23.5% during the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock valued at $54,000 after acquiring an additional 47 shares during the last quarter. Finally, PayPay Securities Corp lifted its holdings in Amazon.com by 62.3% in the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant's stock valued at $55,000 after acquiring an additional 96 shares during the period. Hedge funds and other institutional investors 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: AWS AI demand and bank price‑target lifts — Citi and JPMorgan raised price targets and highlighted surging demand for AWS AI capacity, which supports Amazon’s high-margin cloud growth thesis. As Demand for AWS’ AI Surges, Citi and JPMorgan Raise Amazon Price Targets
• Positive Sentiment: Bull case from sell‑side: Bernstein and other analysts point to Amazon as an AI/cloud winner alongside Nvidia, reinforcing longer‑term AI revenue upside for AWS and custom silicon. Bernstein Says Qualcomm Isn’t an AI Winner...
• Positive Sentiment: Robotics/automation expansion — Amazon’s acquisition of Fauna Robotics (humanoid/consumer robotics) and continued investment in delivery/warehouse automation support cost savings and longer‑term efficiency gains for logistics. Deal Dispatch: Amazon Acquires Fauna Robotics
• Neutral Sentiment: Analyst upgrades and mixed estimates — Several analysts and firms have reiterated buy ratings or nudged targets higher (including JPMorgan, Citigroup, Tigress), while small estimate tweaks from the likes of Erste show modest model revisions rather than a major shift. Amazon.com Stock Price Expected to Rise, Tigress Financial Analyst Says
• Neutral Sentiment: Prime/fulfillment pilots could broaden reach — Tests that let merchants offer Prime shipping externally (multi‑channel fulfillment) may expand Prime’s ecosystem, but benefits will be gradual. Amazon testing Prime benefits on third‑party sites
• Negative Sentiment: Executive departures at Annapurna Labs / Trainium chip team — Reports of a senior AI‑chip product leader leaving (a second notable exit in months) raise execution and timeline concerns for Amazon’s custom silicon initiatives. Amazon AI chip product leader leaves Annapurna Labs faces second executive exit
• Negative Sentiment: Macro and market risk — Rising crude oil and Middle East uncertainty have dragged markets lower and hit tech stocks broadly this week, amplifying downside pressure on AMZN despite company‑specific positives. US Equity Markets End Lower After Crude Oil Climbs Tech stocks suffer worst week in nearly a year
• Negative Sentiment: AI capex / credit concerns — Coverage highlighting a large AI‑related debt build and investor unease about heavy AI capex can pressure sentiment while Amazon invests aggressively in GPUs, data centers, and custom chips. AI debt tsunami and JPMorgan risk tools
• Negative Sentiment: Sentiment risks from capex/guidance and insider sales — Articles flag higher capex guidance as a near‑term headwind, and visible insider selling activity can add to short‑term downside pressure. Key Risks To Watch Insider selling and market impact data

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the transaction, the chief executive officer owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,695 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.90, for a total transaction of $554,900.50. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at $24,662,702. This represents a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 71,686 shares of company stock valued at $14,688,739. Insiders own 10.80% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Bank of America dropped their target price on Amazon.com from $303.00 to $286.00 and set a "buy" rating on the stock in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amazon.com in a research report on Monday, December 29th. Wall Street Zen cut shares of Amazon.com from a "buy" rating to a "hold" rating in a research note on Saturday, January 10th. Barclays reissued a "buy" rating on shares of Amazon.com in a report on Monday, March 23rd. Finally, Roth Mkm reaffirmed a "buy" rating and set a $295.00 target price (up from $270.00) on shares of Amazon.com in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $286.66.

Amazon.com Price Performance

AMZN stock opened at $199.34 on Monday. The business's 50-day moving average price is $216.42 and its 200-day moving average price is $225.07. The stock has a market cap of $2.14 trillion, a P/E ratio of 27.80, a PEG ratio of 1.49 and a beta of 1.40. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm had revenue of $213.39 billion during the quarter, compared to analysts' expectations of $211.02 billion. During the same period in the prior year, the company posted $1.86 earnings per share. The company's revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current 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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