Amazon.com, Inc. $AMZN Shares Bought by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 157,194 shares of the e-commerce giant’s stock after purchasing an additional 10,678 shares during the quarter. Amazon.com makes up about 0.9% of GRIMES & Co WEALTH MANAGEMENT LLC’s investment portfolio, making the stock its 22nd biggest position. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Amazon.com were worth $34,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMZN. Brighton Jones LLC lifted its holdings in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after acquiring an additional 397,007 shares during the period. Revolve Wealth Partners LLC increased its position in Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE boosted its holdings in shares of Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in shares of Amazon.com during the 4th quarter valued at $2,153,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMZN shares. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday. William Blair restated an “outperform” rating on shares of Amazon.com in a research note on Monday, November 3rd. BMO Capital Markets lifted their price objective on Amazon.com from $300.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $278.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, DA Davidson raised their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $295.91.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon is reportedly in talks to invest up to $50 billion in OpenAI — a game‑changing strategic stake that would deepen AMZN’s position in the AI infrastructure and services stack and could secure preferential access to advanced models for AWS and enterprise customers. Amazon in talks to invest up to $50 billion in OpenAI (Reuters)
• Positive Sentiment: Amazon confirmed another large round of corporate layoffs (roughly 16,000 roles; ~30,000 total across recent rounds) as it reallocates spending toward AI/data centers — a move investors typically view as margin‑accretive and discipline that improves near‑term earnings leverage. Amazon cuts 16,000 jobs (Reuters)
• Neutral Sentiment: Amazon is closing most Amazon Go and Fresh stores and refocusing grocery around Whole Foods and online — lowers ongoing retail losses but also signals scaling limits for physical experiments. Amazon Fresh, Amazon Go stores to close (LA Times)
• Neutral Sentiment: Logistics partner UPS is trimming roles tied to its Amazon relationship (report: UPS to cut ~30,000 jobs related to the partnership) — could reflect shifting third‑party logistics dynamics as Amazon expands its own supply chain capabilities. UPS cuts tied to Amazon partnership (Barchart)
• Negative Sentiment: Reports that Amazon discovered a “high volume” of illegal child‑abuse content in AI training data raise reputational and regulatory risk for its AI initiatives and could trigger scrutiny or compliance costs. AI training data content concerns (TipRanks)
• Negative Sentiment: Amazon agreed to settle a class action over refund denials for ~$309 million — a non‑material but visible legal expense and reminder of consumer‑facing operational risks. Amazon agrees to $309M settlement (PYMNTS)

Amazon.com Trading Down 0.5%

AMZN opened at $241.73 on Friday. The firm’s 50 day moving average is $233.13 and its 200-day moving average is $229.55. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a quick ratio of 0.80, a current ratio of 1.01 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.58 trillion, a P/E ratio of 34.14, a P/E/G ratio of 1.52 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business had revenue of $180.17 billion during the quarter, compared to analyst estimates of $177.53 billion. During the same period last year, the business earned $1.43 EPS. The business’s revenue was up 13.4% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $233.00, for a total value of $209,700.00. Following the completion of the transaction, the director owned 7,170 shares of the company’s stock, valued at approximately $1,670,610. This represents a 11.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Matthew S. Garman sold 17,768 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This trade represents a 73.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 49,561 shares of company stock worth $10,989,862 over the last quarter. Company insiders own 9.70% of the company’s stock.

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.