Vancity Investment Management Ltd Sells 8,471 Shares of Amazon.com, Inc. $AMZN

Key Points

• Vancity Investment Management reduced its Amazon stake by 4.3%, selling 8,471 shares and retaining 187,780 shares valued at approximately $44.8 million. Amazon remains Vancity’s third-largest holding, representing 6.7% of its portfolio.
• Institutional investors and hedge funds own 72.2% of Amazon, while analysts remain broadly bullish: 56 analysts rate the stock a Buy, with an average price target of $322.86.
• Amazon reported stronger-than-expected quarterly results, including $5.75 in earnings per share and $200.61 billion in revenue, but investors remain concerned that massive AI and data-center spending could pressure free cash flow and create execution risks.

Vancity Investment Management Ltd cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 187,780 shares of the e-commerce giant's stock after selling 8,471 shares during the period. Amazon.com accounts for approximately 6.7% of Vancity Investment Management Ltd's holdings, making the stock its 3rd biggest holding. Vancity Investment Management Ltd's holdings in Amazon.com were worth $44,755,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Auto Owners Insurance Co increased its stake in Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $22,218,775,000. Bank of New York Mellon Corp acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $16,341,405,000. Amundi grew its holdings in shares of Amazon.com by 14.1% during the 1st quarter. Amundi now owns 61,400,503 shares of the e-commerce giant's stock worth $12,787,883,000 after purchasing an additional 7,590,952 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Amazon.com by 3.3% during the 4th quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant's stock worth $13,757,993,000 after purchasing an additional 1,879,630 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon’s Prime Big Deal Days launched with discounts on electronics and other products, providing a near-term test of consumer demand and a potential boost to fourth-quarter retail revenue. Amazon Prime Big Deal Days
• Positive Sentiment: TD Cowen reaffirmed a Buy rating and set a $350 price target. Other coverage highlighted AMZN’s valuation near 20 times earnings as historically low for the company, supporting the view that AI and AWS growth may not be fully reflected in the stock. TD Cowen Amazon Rating
• Positive Sentiment: Prime Video secured a six-year agreement to stream the Emmy Awards beginning in 2027. The deal strengthens Amazon’s streaming content portfolio and could support Prime engagement, although its direct financial impact is likely modest. Amazon Emmy Awards Deal
• Positive Sentiment: Amazon is reportedly exploring an $8 billion Nvidia-chip financing structure, while continuing investments in custom chips, nuclear power and data centers. These moves could improve capital flexibility and expand AWS’s AI capacity as demand remains strong. Amazon Nvidia Chip Financing
• Neutral Sentiment: A senior Amazon finance executive, James Dibbo, is leaving to become Pinterest’s CFO. The departure may be viewed as a modest talent loss, but he represented only one executive within Amazon’s broad finance organization. Pinterest Hires Amazon Executive
• Negative Sentiment: Investors remain concerned that roughly $200 billion in annual AI and data-center spending could pressure free cash flow before new capacity generates revenue. Power constraints, community opposition and uncertain returns increase execution risk. Amazon Data Center Spending Risks
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.21% and is unlikely to materially affect the investment case, but may create minor headline pressure. SEC Insider Sale Filing

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian Olsavsky sold 6,172 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of 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 filing with the SEC, which is available at 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 firm's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares of the company's stock, valued at $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $18,580,515 over the last three months. Insiders own 8.90% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Phillip Securities lowered shares of Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $330.00 to $365.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Rosenblatt Securities raised their target price on shares of Amazon.com from $335.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. Zacks Research lowered shares of Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Monday, September 14th. Finally, Bank of America upped their price target on shares of Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Fifty-six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and an average target price of $322.86.

Amazon.com Trading Up 1.9%

AMZN opened at $256.29 on Wednesday. The firm's 50 day moving average is $257.97 and its 200-day moving average is $249.09. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.76 trillion, a P/E ratio of 20.62, a P/E/G ratio of 1.94 and a beta of 1.45.

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 for the quarter, beating the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business's quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 earnings per share. Analysts expect that Amazon.com, Inc. will post 8.03 EPS 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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