Dodge & Cox Sells 295,820 Shares of Amazon.com, Inc. $AMZN

Key Points

• Dodge & Cox trimmed its Amazon stake by 1.8%, selling 295,820 shares in Q3 and now holds 16,296,330 shares worth roughly $3.58B, making Amazon its 12th largest holding (1.9% of the portfolio).
• Recent company developments are mixed: AWS partnered with Cerebras to speed AI inference and Amazon launched a paid "Ultra" Prime Video tier (near‑term monetization upside), while it completed a large debt offering to fund an aggressive AI/capex plan and faces ongoing European legal/tax probes.
• Insiders have been net sellers — CEO Andrew Jassy sold 19,872 shares and insiders sold 71,686 shares in the quarter — yet Wall Street remains largely positive, with most analysts rating AMZN a Buy and an average price target near $286.93.

Dodge & Cox lowered its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,296,330 shares of the e-commerce giant's stock after selling 295,820 shares during the quarter. Amazon.com comprises 1.9% of Dodge & Cox's portfolio, making the stock its 12th largest position. Dodge & Cox owned approximately 0.15% of Amazon.com worth $3,578,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. IMPACTfolio LLC raised its position in shares of Amazon.com by 3.8% in the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant's stock worth $269,000 after acquiring an additional 45 shares in the last quarter. Cadence Wealth Management LLC boosted its position in shares of Amazon.com by 3.5% during the third quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock valued at $292,000 after purchasing an additional 45 shares in the last quarter. Union Savings Bank boosted its position in shares of Amazon.com by 0.4% during the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant's stock valued at $2,510,000 after purchasing an additional 45 shares in the last quarter. Doheny Asset Management CA grew its stake in Amazon.com by 0.3% in the second quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant's stock worth $3,910,000 after purchasing an additional 45 shares during the period. Finally, Banco de Sabadell S.A grew its stake in Amazon.com by 0.3% in the second quarter. Banco de Sabadell S.A now owns 13,409 shares of the e-commerce giant's stock worth $2,946,000 after purchasing an additional 46 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com News Summary

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

• Positive Sentiment: AWS partners with Cerebras to speed AI inference, which could improve Bedrock performance, lower customer costs and help AWS compete vs. Nvidia — a potential long‑term revenue/margin positive for Amazon’s cloud business. Cerebras Systems, Amazon strike deal to offer Cerebras AI chips on Amazon's cloud
• Positive Sentiment: Amazon splits out a paid "Ultra" Prime Video tier and hikes the ad‑free price — a direct, near‑term revenue boost from higher subscription ARPU that supports monetization of Prime streaming. Amazon to hike price of ad-free Prime Video tier by $2 a month
• Positive Sentiment: Luxembourg court vacated a record €746M privacy fine and ordered a reassessment, removing a large regulatory overhang for Amazon in Europe. Win for Amazon as Luxembourg court scraps record $854 million privacy fine
• Positive Sentiment: Wall Street remains constructive: analysts have reiterated buys and some raised price targets (e.g., Wolfe/Evercore), which can support the stock amid the pullback narrative. Amazon Is Rising While the Market Falls—Here’s Why
• Neutral Sentiment: Amazon is reportedly moving Prime Day earlier to late June — timing and promotional cadence can affect quarterly sales mix but is not a clear positive/negative until details and vendor economics are known. Amazon plans to move Prime Day event to June from July, Bloomberg News reports
• Negative Sentiment: Amazon closed a massive multi‑tranche corporate debt offering to fund its AI/capex push — strong demand reported ~4: 1 bids eases short‑term funding risk but the large debt target and $200B+ capex plan keep investor concerns about near‑term returns and balance‑sheet risk elevated. Amazon Completes Massive Multi-Tranche Corporate Debt Offering
• Negative Sentiment: Legal/tax risk persists: Milan prosecutors have sought trial for Amazon's European unit and four execs over alleged €1.2B tax evasion — an ongoing legal exposure that could concern investors. Exclusive: Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 bln tax evasion

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the sale, the chief executive officer owned 2,238,118 shares of the company's stock, valued at $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 17,751 shares of the company's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the sale, the chief executive officer owned 9,405 shares of the company's stock, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 71,686 shares of company stock worth $14,688,739. Company insiders own 9.70% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $207.67 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average price of $222.93 and a 200-day moving average price of $226.70. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The firm has a market capitalization of $2.23 trillion, a PE ratio of 28.96, a P/E/G ratio of 1.57 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued 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 company had revenue of $213.39 billion during the quarter, compared to analysts' expectations of $211.02 billion. During the same quarter in the prior year, the business posted $1.86 EPS. The company's revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMZN shares. KeyCorp set a $285.00 price objective on Amazon.com in a research report on Friday, February 6th. Wolfe Research upped their target price on shares of Amazon.com from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Tuesday. BMO Capital Markets reiterated an "outperform" rating and issued a $310.00 price target (up from $304.00) on shares of Amazon.com in a research note on Tuesday, February 3rd. Roth Mkm reissued a "buy" rating and set a $295.00 price target (up from $270.00) on shares of Amazon.com in a research report on Monday, January 26th. Finally, Loop Capital upped their price objective on shares of Amazon.com from $300.00 to $360.00 and gave the stock a "buy" rating in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $286.93.

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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