Thomasville National Bank Invests $93.34 Million in Amazon.com, Inc. $AMZN

Key Points

• Thomasville National Bank purchased 391,613 Amazon shares worth approximately $93.34 million in the second quarter, making Amazon its second-largest holding at 5.1% of its portfolio. Institutional investors collectively own 72.2% of Amazon.
• Amazon reported quarterly revenue of $200.61 billion, up 19.6% year over year, and EPS of $5.75, surpassing analyst expectations. Wall Street maintains a “Moderate Buy” consensus with an average price target of $322.39.
• AWS and AI demand remain key growth drivers, but heavy infrastructure spending has pressured free cash flow. Recent insider sales were conducted under pre-arranged Rule 10b5-1 plans, tempering—but not eliminating—investor concerns.

Thomasville National Bank purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 391,613 shares of the e-commerce giant's stock, valued at approximately $93,337,000. Amazon.com comprises about 5.1% of Thomasville National Bank's investment portfolio, making the stock its 2nd biggest position.

A number of other large investors have also recently bought and sold shares of the business. Sterling Investment Counsel LLC grew its position in Amazon.com by 1.8% during the 2nd quarter. Sterling Investment Counsel LLC now owns 30,771 shares of the e-commerce giant's stock worth $7,334,000 after purchasing an additional 545 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in Amazon.com by 5.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 171,378 shares of the e-commerce giant's stock valued at $40,846,000 after purchasing an additional 8,809 shares during the period. Hixon Zuercher LLC raised its holdings in shares of Amazon.com by 11.5% in the second quarter. Hixon Zuercher LLC now owns 36,944 shares of the e-commerce giant's stock valued at $8,805,000 after buying an additional 3,821 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Amazon.com by 8.5% in the second quarter. Venturi Wealth Management LLC now owns 98,512 shares of the e-commerce giant's stock valued at $23,479,000 after buying an additional 7,693 shares during the last quarter. Finally, Moody Lynn Lieberson & Walker LLC increased its position in Amazon.com by 2.6% in the 2nd quarter. Moody Lynn Lieberson & Walker LLC now owns 251,450 shares of the e-commerce giant's stock valued at $59,931,000 after acquiring an additional 6,377 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $260.28 on Thursday. The company has a market cap of $2.81 trillion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The stock has a 50 day simple moving average of $250.94 and a 200-day simple moving average of $239.94. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating 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 business had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. During the same period last year, the firm earned $1.68 EPS. The company's quarterly revenue was up 19.6% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com, Inc. will post 8.05 EPS for the current year.

Amazon.com News Summary

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

• Positive Sentiment: AWS expands its data-analytics offering. Amazon Web Services agreed to acquire DuckLabs, the team behind open-source DuckDB. The deal could strengthen AWS’s position in analytics and help attract developers and enterprise workloads, while DuckDB is expected to remain independent. Amazon DuckLabs acquisition
• Positive Sentiment: AI-related cloud demand remains a major catalyst. Amazon is reportedly negotiating with Moonshot AI to host its Kimi K3 model under a potential revenue-sharing arrangement. If completed, the agreement could add AI workloads to AWS, although U.S. scrutiny of Moonshot creates geopolitical and regulatory uncertainty. Reuters Moonshot AI article
• Positive Sentiment: Analysts and large investors remain optimistic. Citizens maintained a Market Outperform rating and a $315 price target, while several hedge funds and prominent investors, including Peter Thiel, David Tepper and Bill Ackman, have recently held or increased Amazon positions. These reports support the view that AMZN’s valuation and AWS growth remain attractive.
• Neutral Sentiment: Amazon is shutting down Mechanical Turk. The closure of the 21-year-old crowdsourcing platform on September 30 appears financially immaterial, but it signals continued portfolio streamlining as AI replaces some human-completed digital tasks. Mechanical Turk shutdown
• Negative Sentiment: AI spending is weighing on cash generation. AWS growth is reportedly accelerating, but infrastructure investment pushed trailing free cash flow backward by approximately $25.8 billion. Investors want evidence that massive data-center spending will translate into durable profits and improved cash flow. Amazon AWS free cash flow article
• Negative Sentiment: Executives sold more than $15 million of stock. CEO Andy Jassy, AWS CEO Matthew Garman, CFO Brian Olsavsky and other senior leaders reported sales. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their significance, but the concentration of selling can still weigh on sentiment. Amazon insider selling article

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 6,172 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares of the company's stock, valued at $28,427,674.17. This represents a 5.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the transaction, the chief executive officer owned 476,681 shares of the company's stock, valued at $123,465,145.81. This represents a 1.32% 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 have sold a total of 71,589 shares of company stock valued at $18,580,205 in the last three months. Insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMZN shares. Roth Capital reaffirmed a "buy" rating and set a $325.00 price objective on shares of Amazon.com in a research note on Monday, August 3rd. BMO Capital Markets reissued an "outperform" rating and issued a $360.00 target price (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Bank of America boosted their target price on Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a report on Friday, July 31st. Royal Bank Of Canada upped their price target on Amazon.com from $320.00 to $330.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Finally, Wolfe Research reaffirmed an "outperform" rating and set a $315.00 price target on shares of Amazon.com in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $322.39.

About Amazon.com

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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