Kessler Investment Group LLC Sells 2,764 Shares of Amazon.com, Inc. $AMZN

Key Points

• Kessler Investment Group reduced its Amazon stake by 7.4%, selling 2,764 shares and retaining 34,363 shares valued at approximately $8.56 million. Amazon remains about 3.9% of the firm’s portfolio and its fifth-largest holding.
• Institutional ownership remains high at 72.2%, although insider selling totaled 71,589 shares worth about $18.6 million during the latest quarter.
• Wall Street remains broadly bullish, with 56 analysts rating Amazon a Buy and three rating it a Hold; the consensus target is $322.53. Amazon also reported quarterly revenue growth of 19.6% and EPS of $5.75, well above estimates.

Kessler Investment Group LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,363 shares of the e-commerce giant's stock after selling 2,764 shares during the quarter. Amazon.com comprises approximately 3.9% of Kessler Investment Group LLC's portfolio, making the stock its 5th biggest holding. Kessler Investment Group LLC's holdings in Amazon.com were worth $8,562,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AMZN. Whalen Wealth Management Inc. boosted its stake in Amazon.com by 7.4% in the 3rd quarter. Whalen Wealth Management Inc. now owns 29,165 shares of the e-commerce giant's stock worth $7,266,000 after buying an additional 2,003 shares during the last quarter. Vann Equity Management LLC grew its holdings in Amazon.com by 3.2% in the 3rd quarter. Vann Equity Management LLC now owns 24,738 shares of the e-commerce giant's stock valued at $6,164,000 after buying an additional 771 shares during the period. Alkeme Wealth LLC grew its holdings in Amazon.com by 1.6% in the 3rd quarter. Alkeme Wealth LLC now owns 5,993 shares of the e-commerce giant's stock valued at $1,493,000 after buying an additional 97 shares during the period. Ayalon Insurance Comp Ltd. increased its stake in shares of Amazon.com by 15.5% during the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 47,017 shares of the e-commerce giant's stock valued at $11,714,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Applied Capital LLC FL increased its stake in shares of Amazon.com by 0.5% during the 3rd quarter. Applied Capital LLC FL now owns 8,334 shares of the e-commerce giant's stock valued at $2,076,000 after acquiring an additional 43 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,343 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at approximately $31,024,217.80. This trade represents a 1.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction on Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 71,589 shares of company stock valued at $18,580,515 over the last quarter. Company insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMZN shares. 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 research report on Friday, July 31st. Mizuho set a $330.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. Truist Financial upped their price target on shares of Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Evercore set a $355.00 price target on shares of Amazon.com and gave the stock an "outperform" rating in a research note on Friday, August 28th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Amazon.com in a report on Thursday, June 18th. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average target price of $322.53.

Amazon.com Stock Performance

NASDAQ AMZN opened at $258.58 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. 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 $2.79 trillion, a P/E ratio of 20.80, a P/E/G ratio of 2.01 and a beta of 1.45. The business's 50-day simple moving average is $257.96 and its 200-day simple moving average is $250.86.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the prior year, the company earned $1.68 EPS. The company's revenue was up 19.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 8.03 EPS for the current year.

More Amazon.com News

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

• Positive Sentiment: Amazon is reportedly in advanced discussions to acquire AI startup Decart for approximately $7 billion. Decart’s software helps developers switch workloads among different AI chips, potentially strengthening AWS, Amazon’s custom-chip strategy and its broader AI infrastructure offering. The deal remains unfinalized, but investors view it as a way to acquire specialized technology and talent. Amazon weighs Decart deal
• Positive Sentiment: A bullish fundamental case remains intact: AWS growth is reportedly above 35%, AI-related demand is supporting a cloud backlog approaching $500 billion, and operating cash flow has risen 33% to $161.4 billion. Analysts at Erste Group also raised their fiscal 2027 EPS forecast to $10.71 from $10.54. Amazon free cash flow outlook
• Neutral Sentiment: Investors are awaiting Q3 results later this month for evidence that AWS demand, advertising and revenue growth can offset the near-term impact of AI infrastructure spending. Analysts generally remain positive, although Cantor Fitzgerald recently reduced its price target to $310 from $320 while retaining an Overweight rating. Amazon Q3 earnings preview
• Negative Sentiment: Amazon’s planned capital spending could exceed $220 billion this year. Depreciation, energy costs and rapidly aging AI hardware are pressuring free cash flow, raising concerns that AWS growth and its large backlog may take time to produce adequate returns. The potential Decart purchase also adds to concerns about valuation and capital discipline.
• Negative Sentiment: The UK government is expected to target online marketplaces, including Amazon, in a tax crackdown. New fees or compliance requirements could increase costs for Amazon and third-party sellers. UK online marketplace tax crackdown
• Negative Sentiment: Apple’s new HomeView smart display, cameras, doorbell and smart lock expand competition with Amazon’s Echo and Ring businesses, potentially increasing pressure on Amazon’s consumer-device margins and market share. Apple challenges Amazon in smart home

Amazon.com Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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