Somerville Kurt F Sells 3,665 Shares of Amazon.com, Inc. $AMZN

Key Points

• Somerville Kurt F trimmed its stake in Amazon by 3.6%, selling 3,665 shares to hold 98,360 shares worth about $21.6 million, making AMZN roughly 3.6% of its portfolio and its sixth‑largest position.
• Large institutions have been adding to AMZN — including new or increased positions from Norges Bank, Nuveen and Vanguard — and overall institutional investors now own about 72.2% of the company.
• Insiders have been net sellers this quarter (71,686 shares), including SVP David Zapolsky and CEO Andy Jassy, with insiders now holding about 9.7% of shares, a dynamic that can pressure short‑term sentiment.

Somerville Kurt F cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,360 shares of the e-commerce giant's stock after selling 3,665 shares during the period. Amazon.com makes up about 3.6% of Somerville Kurt F's holdings, making the stock its 6th biggest position. Somerville Kurt F's holdings in Amazon.com were worth $21,597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AMZN. Norges Bank purchased a new position in shares of Amazon.com in the second quarter worth approximately $27,438,011,000. Nuveen LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at approximately $11,674,091,000. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant's stock valued at $186,420,422,000 after acquiring an additional 17,447,045 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in Amazon.com by 22,085.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant's stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Amazon.com by 21.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock worth $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 10,649 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the transaction, the senior vice president owned 41,190 shares of the company's stock, valued at approximately $8,461,661.70. This represents a 20.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the completion of the transaction, the chief executive officer directly owned 2,238,118 shares in the company, valued at $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 71,686 shares of company stock valued at $14,688,739. Insiders own 9.70% of the company's stock.

Amazon.com Stock Down 2.6%

Amazon.com stock opened at $213.31 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60. The firm's fifty day simple moving average is $224.83 and its 200-day simple moving average is $227.20. The company has a market capitalization of $2.29 trillion, a P/E ratio of 29.75, a P/E/G ratio of 1.60 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). The business 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 firm's revenue for the quarter was up 13.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.86 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: AWS launched an agentic healthcare AI product (Amazon Connect Health) that expands high‑margin cloud workloads into regulated healthcare, offering a tangible new revenue stream for AWS. Amazon launches AI-enabled platform to automate healthcare administrative tasks
• Positive Sentiment: Amazon continues to host Anthropic’s Claude for non‑defense workloads after Pentagon concerns, preserving a key AI partner relationship that supports continued AWS AI demand. Amazon says customers can keep using Anthropic's Claude on its cloud for non-defense workloads
• Positive Sentiment: Wall Street and active managers are adding conviction: BofA and TD Cowen reiterations and ARK/other fund buys signal analyst and institutional support for an AWS‑led re‑rating. Anthropic growth set to boost Amazon's AWS revenue acceleration, says Bank of America
• Positive Sentiment: Amazon Data Services’ $427M acquisition of George Washington University’s Virginia campus signals longer‑term AWS capacity expansion (infra investment that supports growth). Amazon (AMZN) Buys George Washington University’s Virginia Campus for $427 Million
• Neutral Sentiment: Amazon joined a non‑binding White House “Ratepayer Protection Pledge” to cover data‑center power upgrade costs — removes some political overhang but is unlikely to change near‑term economics materially. Tech Giants Sign Ratepayer Protection Pledge On Power For Data Centers
• Neutral Sentiment: Short‑interest entries reported are effectively meaningless (zero/NaN in feeds) and don’t provide a reliable signal for current positioning. SEC Form 4 — insider sale disclosure
• Negative Sentiment: Geopolitical / operational risk spiked after reported drone strikes and attacks on AWS data centers in the Gulf (UAE/Bahrain), causing regional outages and highlighting potential disruption, repair and insurance exposures. Iran hits Amazon data centres in jolt to Gulf AI drive
• Negative Sentiment: Customer‑facing outages (site/checkout issues) and Downdetector spikes this week are short‑term hits to sales and reputation that can pressure near‑term revenue and sentiment. Amazon online store suffers outage for some users
• Negative Sentiment: Amazon cut ~100 white‑collar roles in its robotics division — cost‑cutting that could help margins but also signals program disruptions and execution risk in a strategic automation area. Amazon eliminates 100 white-collar jobs in robotics team
• Negative Sentiment: Insider selling (CEO disclosed sale of 1,000 shares) is modest but can add to short‑term negative sentiment when combined with other headwinds. SEC Form 4 — insider sale disclosure

Analysts Set New Price Targets

AMZN has been the topic of several recent analyst reports. BMO Capital Markets reissued an "outperform" rating and set a $310.00 target price (up from $304.00) on shares of Amazon.com in a research note on Tuesday, February 3rd. UBS Group set a $311.00 target price on Amazon.com in a research report on Tuesday, February 3rd. Sanford C. Bernstein reissued an "outperform" rating on shares of Amazon.com in a research report on Friday, February 6th. Guggenheim reissued a "buy" rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday, February 6th. Finally, Bank of America decreased their price objective on Amazon.com from $303.00 to $286.00 and set a "buy" rating for the company in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $287.29.

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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