Neville Rodie & Shaw Inc. Sells 10,685 Shares of Amazon.com, Inc. $AMZN

Key Points

• Neville Rodie & Shaw reduced its Amazon stake by 8.9% in the third quarter, selling 10,685 shares and retaining 109,581 shares valued at approximately $27.3 million.
• Amazon continues to receive strong analyst support, with 56 Buy ratings, three Holds, and a consensus price target of $322.86 versus a share price of $262.43.
• Recent results exceeded expectations, with revenue up 19.6% year over year to $200.61 billion and earnings per share of $5.75; however, substantial AI infrastructure spending and regulatory scrutiny remain key risks.

Neville Rodie & Shaw Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 8.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,581 shares of the e-commerce giant's stock after selling 10,685 shares during the period. Amazon.com makes up 1.9% of Neville Rodie & Shaw Inc.'s investment portfolio, making the stock its 11th largest position. Neville Rodie & Shaw Inc.'s holdings in Amazon.com were worth $27,302,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Trust Asset Management LLC boosted its holdings in shares of Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock valued at $26,000 after purchasing an additional 3,414 shares during the last quarter. TOP Private Wealth LLC. purchased a new stake in shares of Amazon.com during the 2nd quarter valued at $29,000. Bard Associates Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter valued at $32,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Amazon.com during the 2nd quarter worth $33,000. Finally, Atomic Invest LLC increased its holdings in shares of Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock worth $40,000 after buying an additional 49 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

More Amazon.com News

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Benchmark lifted their target price on Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a report on Friday, July 31st. TD Cowen reissued a "buy" rating and set a $350.00 price target on shares of Amazon.com in a research report on Monday, October 5th. Sanford C. Bernstein restated an "outperform" rating and set a $320.00 price target (up from $315.00) on shares of Amazon.com in a research note on Friday, July 31st. Needham & Company LLC restated a "buy" rating and issued a $300.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Finally, Pivotal Research reaffirmed a "buy" rating and issued a $333.00 price objective (up from $320.00) on shares of Amazon.com in a research note on Friday, July 31st. Fifty-six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $322.86.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of the business'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 transaction of $2,404,950.66. Following the transaction, the senior vice president directly owned 41,190 shares of the company's stock, valued at approximately $10,699,926.30. The trade was a 18.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the completion of the transaction, the chief executive officer owned 2,235,766 shares of the company's stock, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. 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 worth $18,580,515. Insiders own 8.90% of the company's stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $262.43 on Monday. The business's 50-day moving average is $258.83 and its two-hundred day moving average is $250.16. The firm has a market capitalization of $2.83 trillion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. 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 (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The company 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 business earned $1.68 earnings per share. The company's revenue was up 19.6% compared to the same quarter last year. Research analysts predict that Amazon.com, Inc. will post 8.03 earnings per share for the current fiscal year.

Amazon.com Company 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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