Amazon.com, Inc. $AMZN Shares Sold by Greenleaf Trust

Greenleaf Trust reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 461,920 shares of the e-commerce giant’s stock after selling 4,126 shares during the period. Amazon.com accounts for 1.1% of Greenleaf Trust’s holdings, making the stock its 10th biggest position. Greenleaf Trust’s holdings in Amazon.com were worth $110,094,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trustmark Bank Trust Department boosted its position in Amazon.com by 7.0% during the second quarter. Trustmark Bank Trust Department now owns 60,671 shares of the e-commerce giant’s stock valued at $14,460,000 after purchasing an additional 3,993 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Amazon.com by 8.7% in the 2nd quarter. New Mexico Educational Retirement Board now owns 486,696 shares of the e-commerce giant’s stock worth $115,999,000 after purchasing an additional 38,796 shares during the last quarter. Royal London Asset Management Ltd. increased its position in Amazon.com by 0.8% in the 2nd quarter. Royal London Asset Management Ltd. now owns 8,904,735 shares of the e-commerce giant’s stock worth $2,122,355,000 after purchasing an additional 68,469 shares during the last quarter. Toth Financial Advisory Corp raised its stake in shares of Amazon.com by 1.3% during the 2nd quarter. Toth Financial Advisory Corp now owns 16,596 shares of the e-commerce giant’s stock worth $3,956,000 after purchasing an additional 215 shares in the last quarter. Finally, Mufg Securities Americas Inc. raised its stake in shares of Amazon.com by 9.1% during the 2nd quarter. Mufg Securities Americas Inc. now owns 294,830 shares of the e-commerce giant’s stock worth $70,270,000 after purchasing an additional 24,579 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Down 1.9%

Shares of Amazon.com stock opened at $254.92 on Wednesday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month 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 stock has a 50 day moving average price of $252.57 and a two-hundred day moving average price of $241.40. The stock has a market capitalization of $2.75 trillion, a P/E ratio of 20.51, a PEG ratio of 2.00 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 earnings per share. Equities analysts expect that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS and AI expansion remain key catalysts. Amazon’s planned $5.3 billion investment in a Saudi Arabia cloud region, expanded access to OpenAI, Meta, and Anthropic models through AWS GovCloud, and a deeper partnership with Nvidia—including two million additional GPUs—could strengthen AWS’s position in government and enterprise AI. AMZN’s Saudi Arabia investment
• Positive Sentiment: New commerce initiatives could broaden monetization. YouTube’s integration of Amazon products into its Shopping Affiliate Program may increase product discovery and sales, while Alexa’s personalized shopping alerts and Amazon Pharmacy’s Solv integration could improve customer engagement and conversion. YouTube Amazon partnership
• Positive Sentiment: Analysts remain constructive. Citi reiterated a Buy rating and a $350 price target despite the legal risks, while recent results showed $200.6 billion in revenue and substantially stronger-than-expected earnings, with AWS revenue reportedly growing 36.7% year over year. Analyst reiterates Amazon Buy rating
• Neutral Sentiment: Zoox is expanding its robotaxi efforts. Amazon’s autonomous-vehicle unit plans testing in Houston and San Diego, but the initiative is still early-stage and has limited near-term earnings impact. Zoox and Waymo robotaxi expansion
• Negative Sentiment: The FTC lawsuit is driving the immediate pressure. The FTC and 22 states allege Amazon manipulated advertising auctions and overcharged approximately 1.2 million advertisers by more than $20 billion. Potential penalties, refunds, operational changes, and limits on ad-pricing practices threaten a rapidly growing, high-margin business. Amazon denies the allegations. FTC lawsuit against Amazon
• Negative Sentiment: AI spending and shareholder concerns remain overhangs. Investors are weighing the capital required for Amazon’s AI infrastructure against future returns, while reports of an institutional investor trimming its stake add near-term selling pressure.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMZN. Citizens Jmp reissued a “market outperform” rating and issued a $315.00 price target on shares of Amazon.com in a research note on Friday, July 31st. DA Davidson reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. UBS Group set a $318.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Bank of America boosted their target price 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. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $323.09.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 6,172 shares of the business’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 completion of the transaction, the chief financial officer owned 109,207 shares of the company’s stock, valued at $28,427,674.17. The trade was a 5.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction 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 trade 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. Over the last ninety days, insiders have sold 70,589 shares of company stock worth $18,314,015. Corporate insiders own 8.90% 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.