Legal & General Group Plc Purchases Shares of 53,836,436 Amazon.com, Inc. $AMZN

Key Points

• Legal & General Group acquired 53.84 million Amazon shares worth approximately $12.83 billion, making Amazon its fifth-largest holding and representing about 2.7% of its portfolio.
• Amazon reported quarterly EPS of $5.75 versus the $1.82 consensus estimate, while revenue rose 19.6% year over year to $200.61 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $321.19.
• Amazon insiders sold 71,589 shares worth approximately $18.6 million during the last quarter, while institutional investors collectively own 72.2% of the company.

Legal & General Group Plc purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 53,836,436 shares of the e-commerce giant's stock, valued at approximately $12,831,376,000. Amazon.com accounts for about 2.7% of Legal & General Group Plc's investment portfolio, making the stock its 5th largest holding. Legal & General Group Plc owned approximately 0.50% of Amazon.com at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AMZN. Silvant Capital Management LLC acquired a new stake in Amazon.com during the second quarter valued at $60,065,000. Northstar Financial Companies Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter worth about $3,376,000. Gryphon Financial Partners LLC grew its position in shares of Amazon.com by 7.5% during the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant's stock valued at $15,221,000 after acquiring an additional 5,125 shares during the period. First Citizens Bank & Trust Co. grew its position in shares of Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant's stock valued at $63,285,000 after acquiring an additional 5,104 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $2,261,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of the business's stock in a transaction dated 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 directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer directly owned 17,794 shares of the company's stock, valued at approximately $4,609,713.64. This represents a 44.97% 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. In the last quarter, insiders sold 71,589 shares of company stock valued at $18,568,785. Company insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMZN shares. JPMorgan Chase & Co. increased their price target on Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Telsey Advisory Group set a $335.00 price objective on Amazon.com and gave the company an "outperform" rating in a research report on Friday, July 31st. BMO Capital Markets reaffirmed an "outperform" rating and set a $360.00 target price (up from $355.00) on shares of Amazon.com in a research note on Tuesday, July 28th. Zacks Research lowered Amazon.com from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 14th. Finally, Barclays reissued an "overweight" rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $321.19.

Amazon.com Stock Down 1.3%

NASDAQ AMZN opened at $254.98 on Wednesday. The business has a fifty day moving average price of $256.47 and a 200 day moving average price of $246.48. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market cap of $2.75 trillion, a P/E ratio of 20.51, a P/E/G ratio of 2.00 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $200.61 billion for the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The firm's quarterly revenue was up 19.6% on a year-over-year basis. Research analysts anticipate that Amazon.com, Inc. will post 8.01 EPS for the current fiscal year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon signed a Generac supply agreement worth up to $8 billion for backup generators, including approximately $2.4 billion of expected orders in 2027–2028 and warrants for Amazon. The deal highlights strong AWS data-center demand and addresses electricity constraints that could otherwise slow AI expansion. Amazon's Generac power deal
• Positive Sentiment: Amazon is expanding AI-powered logistics, including smart glasses for more than 20,000 delivery drivers by 2027. The company also plans an additional $1.9 billion investment in its Delivery Service Partner program, targeting better safety, routing and delivery efficiency. Amazon delivery investment
• Neutral Sentiment: Amazon blocked Meta’s Muse shopping agent, citing unauthorized access, failure to identify itself and concerns involving customer credentials and data. The move protects Amazon’s control over customer relationships, checkout and marketplace data, but could cause it to lose orders initiated by outside AI agents as agentic commerce develops. Amazon and Meta Muse dispute
• Negative Sentiment: Shopify’s shares rallied after Meta enabled Muse to browse Shopify-powered stores and complete purchases through Shop Pay, while Amazon remained excluded. Investors may view this as a competitive advantage for Shopify and a potential threat to Amazon’s influence over future AI-driven shopping. Shopify and Meta Muse integration
• Negative Sentiment: Amazon’s planned AI buildout—estimated at roughly $220 billion in capital spending—continues to raise concerns about cash flow, returns on investment and possible AWS margin pressure. Higher labor costs, including a $1 increase in eligible U.S. warehouse starting pay, add to near-term expense pressure. Amazon wage investment
• Negative Sentiment: A U.S. financial disclosure showed sales of between $5 million and $25 million of Amazon stock by President Donald Trump in July. The transaction is historical and does not change Amazon’s fundamentals, but the disclosure may add short-term selling sentiment. Trump Amazon stock sale disclosure

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.