Wellington Management Group LLP Trims Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Wellington Management reduced its Amazon stake by 11.8% in the second quarter, selling 7.34 million shares and retaining 55.06 million shares valued at approximately $13.1 billion.
• Other major institutions, including Bank of America, Bank of New York Mellon, Legal & General, and Mitsubishi UFJ, established or increased Amazon positions; institutional investors collectively own 72.2% of the company.
• Analyst sentiment remains positive: Amazon has a “Moderate Buy” consensus rating, with 56 Buy ratings and an average price target of $321.19. Recent quarterly results also exceeded expectations, with revenue rising 19.6% year over year.

Wellington Management Group LLP cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,060,066 shares of the e-commerce giant's stock after selling 7,340,003 shares during the quarter. Amazon.com accounts for approximately 2.3% of Wellington Management Group LLP's holdings, making the stock its 7th biggest holding. Wellington Management Group LLP owned approximately 0.51% of Amazon.com worth $13,123,016,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Auto Owners Insurance Co boosted its position 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 valued at $2,272,397,000 after buying an additional 98,090,585 shares during the period. Bank of America Corp DE purchased a new position in shares of Amazon.com in the second quarter worth about $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com in the 2nd quarter valued at about $16,341,405,000. Legal & General Group Plc purchased a new position in Amazon.com in the 2nd quarter worth approximately $12,831,376,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Amazon.com in the second quarter valued at approximately $6,631,466,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity

In other news, CEO Andrew Jassy sold 20,000 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 71,589 shares of company stock worth $18,568,785. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wedbush raised their target price on shares of Amazon.com from $293.00 to $310.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Sanford C. Bernstein restated an "outperform" rating and issued a $320.00 price objective (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. Benchmark upped their price objective on shares of Amazon.com from $370.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Oppenheimer reiterated an "outperform" rating on shares of Amazon.com in a report on Friday, July 31st. Finally, Truist Financial raised their target price on Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating 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. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $321.19.

Amazon.com News Roundup

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

• Positive Sentiment: AWS and AI infrastructure remain the central bullish case. Analysts and commentators argue that Amazon’s roughly $200 billion 2026 capital-expenditure plan reflects substantial demand for AWS computing, custom chips and AI capacity. Amazon is also reportedly preparing to receive approximately $2.4 billion in backup-generator orders from Generac in 2027 and 2028, underscoring the scale of its data-center expansion. Amazon AI capital expenditures article Generac data-center orders article
• Positive Sentiment: Expansion of merchant services could broaden revenue beyond Amazon.com. New tools let sellers manage listings, inventory and orders across channels including Walmart, Shopify, TikTok and eBay. Amazon is also extending Prime delivery and fulfillment services to merchants’ own websites, potentially increasing third-party logistics revenue and seller dependence on its ecosystem. Amazon merchant services article
• Neutral Sentiment: Anthropic remains strategically important, but its infrastructure is becoming more diversified. Anthropic committed about $11.6 billion to an Akamai CPU agreement, which can be viewed as a setback for AWS. However, Amazon retains a major equity stake and an ongoing AWS relationship, limiting the immediate financial impact. Anthropic Akamai agreement article
• Negative Sentiment: Investors remain concerned that AI spending may outpace monetization. Goldman Sachs estimates hyperscalers may need roughly $300 billion in additional AI revenue to justify their investments, while Michael Burry and Jefferies’ Chris Wood have warned of leverage, overcapacity and potential write-offs. Those concerns could pressure AMZN’s valuation despite strong AWS demand. Goldman Sachs AI spending article
• Negative Sentiment: Amazon’s $3 billion India quick-commerce investment adds near-term cost and execution risk while the company attempts to catch rivals with a relatively small market share. The decision to block Meta’s Muse shopping agent also risks diverting AI-driven purchases toward Shopify and other platforms. Amazon India investment article

Amazon.com Trading Up 0.1%

Shares of AMZN opened at $249.67 on Friday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year 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. The firm's 50-day moving average price is $256.39 and its 200-day moving average price is $246.96. The firm has a market capitalization of $2.69 trillion, a price-to-earnings ratio of 20.09, a PEG ratio of 1.93 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the prior year, the firm earned $1.68 earnings per share. Amazon.com's revenue was up 19.6% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 8.01 EPS for the current year.

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.

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