Amazon.com, Inc. $AMZN Stock: State Street Corp Grows Stake

State Street Corp increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 5.5% in the second quarter, Holdings Channel reports. The fund owned 411,848,346 shares of the e-commerce giant’s stock after purchasing an additional 21,398,025 shares during the quarter. Amazon.com accounts for approximately 1.9% of State Street Corp’s portfolio, making the stock its 6th largest position. State Street Corp’s holdings in Amazon.com were worth $95,504,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Premier Financial Group purchased a new position in Amazon.com in the second quarter valued at about $315,000. Security National Bank of Sioux City Iowa IA lifted its position in shares of Amazon.com by 44.9% during the second quarter. Security National Bank of Sioux City Iowa IA now owns 12,849 shares of the e-commerce giant’s stock valued at $3,062,000 after buying an additional 3,980 shares during the last quarter. Wellington Altus USA Inc. boosted its holdings in shares of Amazon.com by 2.3% in the 2nd quarter. Wellington Altus USA Inc. now owns 7,569 shares of the e-commerce giant’s stock valued at $1,804,000 after buying an additional 171 shares in the last quarter. Reynders McVeigh Capital Management LLC grew its position in shares of Amazon.com by 0.6% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 166,954 shares of the e-commerce giant’s stock worth $39,792,000 after buying an additional 1,003 shares during the last quarter. Finally, Bullseye Investment Management LLC purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $2,688,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 3.3%

Amazon.com stock opened at $262.43 on Friday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The stock has a 50-day moving average price of $258.83 and a 200 day moving average price of $249.88. 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 company has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted 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. The company had revenue of $200.61 billion during 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%. Amazon.com’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. Sell-side analysts anticipate that Amazon.com, Inc. will post 8.03 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the transaction, the chief executive officer owned 476,681 shares in the company, valued at approximately $123,465,145.81. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of the business’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 approximately $28,427,674.17. This trade represents a 5.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock valued at $18,580,515 over the last ninety days. Corporate insiders own 8.90% of the company’s stock.

More Amazon.com News

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMZN shares. Bank of America increased their target price on shares of Amazon.com from $310.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, July 31st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $375.00 price target (up from $335.00) on shares of Amazon.com in a research report on Friday, July 31st. Monness Crespi & Hardt increased their price objective on Amazon.com from $315.00 to $330.00 and gave the company a “buy” rating in a report on Friday, July 31st. Barclays reissued an “overweight” rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Truist Financial boosted 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 research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $322.86.

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.