Chevy Chase Trust Holdings LLC Sells 27,578 Shares of Amazon.com, Inc. $AMZN

Posted by Donald Scott on Mar 16th, 2026

Chevy Chase Trust Holdings LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,129,076 shares of the e-commerce giant’s stock after selling 27,578 shares during the quarter. Amazon.com makes up 3.7% of Chevy Chase Trust Holdings LLC’s holdings, making the stock its 4th biggest holding. Chevy Chase Trust Holdings LLC’s holdings in Amazon.com were worth $1,345,761,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. American Capital Advisory LLC grew its holdings in Amazon.com by 63.9% during the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock worth $1,774,000 after acquiring an additional 3,152 shares during the period. Buckhead Capital Management LLC raised its position in shares of Amazon.com by 16.1% in the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock worth $6,232,000 after acquiring an additional 3,948 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Amazon.com in the 3rd quarter valued at about $451,642,000. DJE Kapital AG boosted its position in shares of Amazon.com by 12.3% during the 2nd quarter. DJE Kapital AG now owns 1,037,443 shares of the e-commerce giant’s stock valued at $229,890,000 after purchasing an additional 113,345 shares in the last quarter. Finally, Banco Santander S.A. boosted its position in shares of Amazon.com by 8.7% during the 2nd quarter. Banco Santander S.A. now owns 1,164,777 shares of the e-commerce giant’s stock valued at $255,540,000 after purchasing an additional 93,245 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Trading Down 0.9%

NASDAQ AMZN opened at $207.67 on Monday. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The business has a 50 day moving average price of $222.93 and a 200-day moving average price of $226.67. The company has a market cap of $2.23 trillion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 1.56 and a beta of 1.40.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. Amazon.com’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Key Stories Impacting Amazon.com

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

Positive Sentiment: AWS partners with Cerebras to speed AI inference, which could improve Bedrock performance, lower customer costs and help AWS compete vs. Nvidia — a potential long‑term revenue/margin positive for Amazon’s cloud business. Cerebras Systems, Amazon strike deal to offer Cerebras AI chips on Amazon’s cloud
Positive Sentiment: Amazon splits out a paid “Ultra” Prime Video tier and hikes the ad‑free price — a direct, near‑term revenue boost from higher subscription ARPU that supports monetization of Prime streaming. Amazon to hike price of ad-free Prime Video tier by $2 a month
Positive Sentiment: Luxembourg court vacated a record €746M privacy fine and ordered a reassessment, removing a large regulatory overhang for Amazon in Europe. Win for Amazon as Luxembourg court scraps record $854 million privacy fine
Positive Sentiment: Wall Street remains constructive: analysts have reiterated buys and some raised price targets (e.g., Wolfe/Evercore), which can support the stock amid the pullback narrative. Amazon Is Rising While the Market Falls—Here’s Why
Neutral Sentiment: Amazon is reportedly moving Prime Day earlier to late June — timing and promotional cadence can affect quarterly sales mix but is not a clear positive/negative until details and vendor economics are known. Amazon plans to move Prime Day event to June from July, Bloomberg News reports
Negative Sentiment: Amazon closed a massive multi‑tranche corporate debt offering to fund its AI/capex push — strong demand (reported ~4:1 bids) eases short‑term funding risk but the large debt target and $200B+ capex plan keep investor concerns about near‑term returns and balance‑sheet risk elevated. Amazon Completes Massive Multi-Tranche Corporate Debt Offering
Negative Sentiment: Legal/tax risk persists: Milan prosecutors have sought trial for Amazon’s European unit and four execs over alleged €1.2B tax evasion — an ongoing legal exposure that could concern investors. Exclusive: Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 bln tax evasion

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. Wolfe Research lifted their target price on Amazon.com from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Tuesday, March 10th. Zacks Research cut Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. KeyCorp set a $285.00 price objective on shares of Amazon.com in a research report on Friday, February 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $310.00 price objective (up from $304.00) on shares of Amazon.com in a research note on Tuesday, February 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $286.93.

View Our Latest Research Report on AMZN

Insider Activity

In other news, CEO Douglas J. Herrington sold 6,835 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.82, for a total transaction of $1,406,779.70. Following the completion of the sale, the chief executive officer directly owned 522,361 shares of the company’s stock, valued at $107,512,341.02. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 17,751 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the sale, the chief executive officer owned 9,405 shares in the company, valued at $1,930,094.10. This represents a 65.37% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 71,686 shares of company stock valued at $14,688,739. 10.80% of the stock is currently owned by insiders.

Amazon.com Profile

(Free Report)

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.