Grandfield & Dodd LLC Invests $2.65 Million in Amazon.com, Inc. $AMZN

Key Points

• Grandfield & Dodd LLC acquired 11,132 Amazon shares worth approximately $2.65 million during the second quarter.
• Institutional investors own 72.20% of Amazon, while insiders sold 71,589 shares worth $18.57 million over the past quarter, including sales by senior executives under Rule 10b5-1 plans.
• Analysts maintain a bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $323.26. Amazon recently exceeded earnings and revenue expectations, supported by strong AWS and artificial-intelligence growth, though elevated capital spending and operational risks remain concerns.

Grandfield & Dodd LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 11,132 shares of the e-commerce giant's stock, valued at approximately $2,653,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after buying an additional 8,913,959 shares during the last quarter. State Street Corp raised its holdings in shares of Amazon.com by 1.8% in the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant's stock worth $89,708,913,000 after buying an additional 6,971,680 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Amazon.com by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant's stock worth $51,753,622,000 after buying an additional 2,479,324 shares during the period. Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter valued at $32,868,735,000. Finally, Auto Owners Insurance Co increased its position in shares of Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 9,258 shares of the company's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the sale, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the sale, the chief executive officer owned 476,681 shares in the company, valued at approximately $123,465,145.81. This trade represents a 1.32% 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. Over the last quarter, insiders have sold 71,589 shares of company stock valued at $18,568,785. 8.90% of the stock is owned by insiders.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS remains the primary bullish catalyst. Analysts and market commentators described AWS as the “heartbeat” of the AI trade, citing its fastest growth in 18 quarters and Amazon’s ability to combine cloud AI services with its large e-commerce ecosystem. AWS Cloud Heartbeat of AI Trade
• Positive Sentiment: A major Qualcomm partnership strengthens Amazon’s AI infrastructure position. Amazon could purchase as much as $60 billion of Qualcomm AI data-center chips and related products under a long-term agreement. The deal supports AWS capacity expansion and signals confidence in sustained AI demand, although it also implies substantial future capital spending. Qualcomm AI Ambitions Get a Boost From Amazon Partnership
• Positive Sentiment: Amazon’s AI products are gaining enterprise validation. Rivian used Amazon Bedrock to automate finance work and eliminate more than 15 days of manual effort per close cycle, offering a concrete example of potential Bedrock demand. Amazon also expanded its Quick AI assistant to mobile devices. Rivian’s AI Agents Cut 15 Days From Every Close
• Positive Sentiment: Prime Air is moving closer to broader UK drone deliveries. Amazon completed more than 500 flights during a UK trial and is seeking approval to expand service in Darlington. Successful deployment could improve delivery economics and support longer-term logistics automation. Amazon delivery drones set for UK expansion
• Neutral Sentiment: Amazon Pay India is considering travel insurance and other financial products, expanding its potential addressable market but providing limited near-term earnings impact. Amazon Pay plans to expand insurance offerings
• Negative Sentiment: Risks remain around costs, leverage, and operations. Amazon’s AI buildout requires heavy capital spending and new debt, while potential changes to Ohio data-center tax incentives could reduce project economics. Separately, a fatal accident involving an aircraft operating for Prime Air has increased regulatory and reputational risk. Amazon’s Aviation Network Faces a Sobering Test

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMZN. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $325.00 target price (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Monness Crespi & Hardt upped their price target on Amazon.com from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Roth Capital reaffirmed a "buy" rating and issued a $325.00 price objective on shares of Amazon.com in a research note on Monday, August 3rd. Morgan Stanley restated an "overweight" rating and set a $335.00 target price (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $375.00 price objective (up from $335.00) on shares of Amazon.com in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $323.26.

Amazon.com Stock Up 1.9%

Shares of AMZN stock opened at $256.78 on Friday. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The firm has a market capitalization of $2.77 trillion, a P/E ratio of 20.66, a PEG ratio of 1.98 and a beta of 1.44. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The firm's fifty day moving average price is $255.56 and its two-hundred day moving average price is $244.13.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results 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. The business had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm's revenue was up 19.6% on a year-over-year basis. During the same period last year, the business earned $1.68 earnings per share. On average, equities analysts predict that Amazon.com, Inc. will post 8.05 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company that operates online marketplaces and provides a broad range of consumer products and services. Its retail business sells merchandise directly to customers and enables third-party sellers to offer products through Amazon's websites and applications. The company also operates physical stores and provides services such as digital content, subscriptions, and consumer devices, including Kindle and Echo products.

Amazon Web Services (AWS) provides cloud computing, storage, database, analytics, artificial intelligence, machine learning, and other technology services to businesses, governments, and organizations.

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