Amazon.com, Inc. $AMZN Stock: TD Waterhouse Canada Inc. Boosts Holdings

TD Waterhouse Canada Inc. raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,303,862 shares of the e-commerce giant’s stock after purchasing an additional 46,300 shares during the quarter. Amazon.com accounts for approximately 1.5% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 16th largest position. TD Waterhouse Canada Inc.’s holdings in Amazon.com were worth $572,092,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. State Street Corp grew its position in Amazon.com by 5.5% in the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after acquiring an additional 21,398,025 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Amazon.com during the second quarter worth about $22,218,775,000. Bank of New York Mellon Corp acquired a new stake in shares of Amazon.com during the second quarter worth about $16,341,405,000. Amundi lifted its position in shares of Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after purchasing an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of Amazon.com in the second quarter valued at approximately $12,831,376,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity

In related news, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. The trade was a 44.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the transaction, 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 position. 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 sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by corporate insiders.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: AWS demand is the main catalyst. Amazon CEO Andy Jassy said AWS capacity is largely sold out through 2027, while analysts expect cloud growth to exceed forecasts as customers expand AI-computing usage. The combination of rising demand and a large backlog could support faster revenue growth and improve investor confidence in AWS. Amazon cloud growth expected to beat forecasts as AI demand strengthens
• Positive Sentiment: Anthropic’s IPO filing reinforces Amazon’s AI-infrastructure opportunity. The filing disclosed at least $110 billion of non-cancelable cloud commitments with Amazon, providing substantial long-term visibility for AWS. Amazon is also an Anthropic investor, creating potential upside from both cloud revenue and the value of its equity stake. Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
• Positive Sentiment: Analysts remain bullish ahead of earnings. UBS said expectations may be too low and sees substantial upside, while other analysts maintained Buy ratings and price targets ranging from $320 to $350, citing AWS growth, AI demand and resilient retail operations. Amazon analyst expectations and AWS growth
• Neutral Sentiment: Results are the immediate test. Investors will watch AWS growth, operating margins, capital expenditures, free cash flow and fourth-quarter guidance. The Federal Reserve’s policy decision and earnings from Microsoft and Alphabet may also influence sentiment toward mega-cap technology and AI stocks. Big Tech earnings outlook
• Negative Sentiment: High AI spending remains a risk. Amazon must invest heavily in data centers and computing capacity to serve its backlog, creating uncertainty over near-term margins, depreciation and free cash flow. Investors may also be concerned about intensifying competition from Walmart’s membership strategy and other digital-commerce platforms.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMZN shares. Wedbush lifted their price objective on shares of Amazon.com from $293.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Tigress Financial reaffirmed a “buy” rating and set a $385.00 target price (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Royal Bank Of Canada upped their target price on shares of Amazon.com from $320.00 to $330.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Mizuho set a $330.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, TD Cowen reissued a “buy” rating and issued a $350.00 price target on shares of Amazon.com in a research report on Monday, October 5th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.12.

Amazon.com Price Performance

AMZN stock opened at $249.09 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The firm has a market capitalization of $2.69 trillion, a P/E ratio of 20.04, a P/E/G ratio of 2.04 and a beta of 1.45. The business’s 50-day moving average is $255.64 and its two-hundred day moving average is $243.00. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter last year, the business posted $1.68 EPS. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post 7.55 earnings per share for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.