JARISLOWSKY FRASER Ltd Has $435.10 Million Stake in Amazon.com, Inc. $AMZN

JARISLOWSKY FRASER Ltd trimmed its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,981,602 shares of the e-commerce giant’s stock after selling 29,879 shares during the period. Amazon.com accounts for about 2.4% of JARISLOWSKY FRASER Ltd’s portfolio, making the stock its 13th biggest holding. JARISLOWSKY FRASER Ltd’s holdings in Amazon.com were worth $435,100,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wilson Asset Management International PTY Ltd. acquired a new position in shares of Amazon.com during the second quarter worth $11,102,000. ARK Investment Management LLC increased its position in Amazon.com by 8.3% during the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock valued at $250,213,000 after purchasing an additional 86,978 shares during the period. Buckhead Capital Management LLC boosted its stake 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 valued at $6,232,000 after purchasing an additional 3,948 shares during the last quarter. Border to Coast Pensions Partnership Ltd boosted its position in Amazon.com by 6.0% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after acquiring an additional 63,924 shares during the last quarter. Finally, Alpha Wealth Funds LLC boosted its position in shares of Amazon.com by 172.8% during the 2nd quarter. Alpha Wealth Funds LLC now owns 3,012 shares of the e-commerce giant’s stock valued at $667,000 after purchasing an additional 1,908 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the completion of the transaction, the chief executive officer directly owned 6,273 shares in the company, valued at $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director owned 26,148 shares in the company, valued at $5,925,398.28. This trade represents a 4.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 79,734 shares of company stock worth $18,534,017 over the last ninety days. 9.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on AMZN shares. Monness Crespi & Hardt raised their target price on Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. JMP Securities set a $300.00 price objective on Amazon.com in a research report on Friday, October 31st. Mizuho downgraded Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. DZ Bank reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, October 31st. Finally, CIBC lifted their price objective on Amazon.com to $315.00 in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $295.96.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Goldman Sachs raised its price target to $300 and kept a “buy” rating, reinforcing upside expectations for AMZN and supporting demand. Read More.
• Positive Sentiment: AWS launched the AWS European Sovereign Cloud (multi‑billion euro push) and announced expansion across EU markets — a strategic win for gov’t/compliance-driven customers that could accelerate higher‑margin cloud revenue. Read More.
• Positive Sentiment: Amazon secured copper supply from Rio Tinto for AI data‑center buildout, addressing a material infrastructure bottleneck for expansion of AI workloads and related capex. That supply deal reduces execution risk for AWS growth. Read More.
• Neutral Sentiment: Amazon joined other big tech firms in a Wikimedia Enterprise agreement to access Wikipedia for AI training — supportive for LLM development but not an immediate revenue driver. Read More.
• Neutral Sentiment: Reports that Amazon is seeking supplier discounts to offset tariff changes show active cost management; this can help margins but may strain vendor relationships. Read More.
• Negative Sentiment: Amazon is in a legal fight over its $475M investment in Saks Global after Saks filed Chapter 11; Amazon says the stake is now worthless and has objected to Saks’ financing plan — a clear near‑term hit to asset value and potential litigation exposure. Read More.
• Negative Sentiment: A U.S. judge rejected Amazon’s first attempt to block Saks’ bankruptcy funding, signaling more court battles ahead and downside risk to recovery value. Read More.
• Negative Sentiment: Amazon plans to continue appealing an Italian antitrust fine even after a reduction, keeping regulatory/legal uncertainty in Europe. Read More.

Amazon.com Stock Performance

AMZN opened at $238.18 on Friday. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The stock has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 33.64, a PEG ratio of 1.49 and a beta of 1.37. The company has a fifty day moving average of $232.57 and a 200 day moving average of $228.42. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Amazon.com Company 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.