ING Groep NV Sells 252,216 Shares of Amazon.com, Inc. $AMZN

Key Points

• ING Groep NV trimmed its Amazon stake by 13.8% in Q3, selling 252,216 shares and leaving 1,572,827 shares worth about $345.35 million (Amazon is ~1.9% of ING’s portfolio and its 9th-largest holding).
• Insider selling has been notable recently: CEOs Douglas Herrington and Matthew Garman sold 6,835 and 17,751 shares respectively (at ~ $205 each), and insiders sold 71,686 shares worth $14.69 million over the past 90 days (insiders own 9.70% of the company).
• Market sentiment is broadly positive—Amazon carries a "Moderate Buy" consensus with a $287.29 average price target and multiple Buy/Outperform ratings—supported by the OpenAI partnership and large AWS AI/data‑center investments, though risks include Middle East data‑center strikes and recent robotics layoffs.

ING Groep NV lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,572,827 shares of the e-commerce giant's stock after selling 252,216 shares during the period. Amazon.com makes up about 1.9% of ING Groep NV's portfolio, making the stock its 9th biggest holding. ING Groep NV's holdings in Amazon.com were worth $345,346,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barlow Wealth Partners Inc. increased its holdings in shares of Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant's stock valued at $2,763,000 after acquiring an additional 44 shares in the last quarter. Probity Advisors Inc. boosted its stake in Amazon.com by 0.4% in the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock worth $2,667,000 after purchasing an additional 45 shares in the last quarter. IMPACTfolio LLC boosted its stake in 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 purchasing an additional 45 shares in the last quarter. Cadence Wealth Management LLC grew its position in Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock worth $292,000 after purchasing an additional 45 shares during the last quarter. Finally, Union Savings Bank increased its stake in Amazon.com by 0.4% during the 2nd 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. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMZN shares. Maxim Group raised their price target on shares of Amazon.com from $280.00 to $290.00 and gave the stock a "buy" rating in a report on Friday, February 6th. Piper Sandler reissued an "overweight" rating and issued a $260.00 target price (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. Wolfe Research reaffirmed an "outperform" rating and set a $275.00 price target on shares of Amazon.com in a research report on Monday, January 5th. Desjardins boosted their price target on Amazon.com to $218.00 in a research note on Monday, December 8th. Finally, Evercore cut their price objective on Amazon.com from $335.00 to $285.00 and set an "outperform" rating on the stock in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $287.29.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 6,835 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.82, for a total transaction of $1,406,779.70. Following the sale, the chief executive officer directly owned 522,361 shares of the company's stock, valued at approximately $107,512,341.02. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer directly owned 9,405 shares of the company's stock, valued at $1,930,094.10. The trade was a 65.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 71,686 shares of company stock worth $14,688,739. Insiders own 9.70% of the company's stock.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: OpenAI strategic partnership validates AWS AI demand — Amazon’s multi‑year deal with OpenAI (including an initial tranche and a potential investment of up to $50B plus large workload commitments) reassures investors that high capex is backed by long‑duration customer demand. Amazon's OpenAI tie-up ‘positive proof' for AI growth
• Positive Sentiment: Expansion of AI infrastructure — Amazon is buying a Virginia campus (~$427M) and continuing large data‑center investments to host AI workloads, supporting long‑term AWS revenue growth. Amazon invests $427M in new AI data hub
• Positive Sentiment: Wall Street support and high price targets — Many analysts remain bullish (numerous Buy/Outperform ratings and a median price target well above current levels), which provides technical and sentiment support for a rebound. Analyst commentary and price targets
• Neutral Sentiment: Pledge to self‑power AI data centers — Amazon joined other big tech firms in a White House pledge to provide their own power for AI data centers; helpful for long‑run grid resilience but vague on sourcing and near‑term impact. Top tech companies sign Trump's pledge
• Neutral Sentiment: Operational expansion in retail markets — Initiatives like 15‑minute delivery rollout in Brazil signal growth initiatives in international commerce, but they are incremental vs. the AWS/AI story. Amazon deploys 15-minute delivery in Brazil
• Negative Sentiment: Drone strikes damaged Middle East AWS facilities — Physical damage and prolonged outages in UAE and Bahrain introduce operational risk, customer disruption and potential remediation costs; these headlines have weighed on sentiment periodically. Amazon's Bahrain data center targeted by Iran
• Negative Sentiment: Job cuts and robotics scaling back — Recent layoffs in the robotics unit and reports of reduced robot deployments are a reminder of near‑term cost pressures and restructuring that can hurt execution narratives. Amazon cuts more jobs in robotics unit
• Negative Sentiment: Insider selling — A CEO Form 4 shows a small sale (1,000 shares); while modest in size, continued insider sales across the company are watched by investors as a negative signal. SEC filing: insider sale

Amazon.com Stock Up 3.9%

Amazon.com stock opened at $216.82 on Thursday. The business's 50-day moving average price is $225.48 and its 200 day moving average price is $227.39. 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 firm has a market cap of $2.33 trillion, a price-to-earnings ratio of 30.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.40. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company's revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share 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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