Sumitomo Life Insurance Co. Buys 37,168 Shares of Amazon.com, Inc. $AMZN

Sumitomo Life Insurance Co. increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 18.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,061 shares of the e-commerce giant’s stock after acquiring an additional 37,168 shares during the period. Amazon.com comprises approximately 1.6% of Sumitomo Life Insurance Co.’s portfolio, making the stock its 14th largest position. Sumitomo Life Insurance Co.’s holdings in Amazon.com were worth $52,271,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Probity Advisors Inc. raised its holdings in shares of Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after buying an additional 45 shares in the last quarter. IMPACTfolio LLC grew its position in Amazon.com by 3.8% during the third quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock valued at $269,000 after acquiring an additional 45 shares during the last quarter. Cadence Wealth Management LLC grew its position in Amazon.com by 3.5% during the third quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant’s stock valued at $292,000 after acquiring an additional 45 shares during the last quarter. Union Savings Bank raised its stake in shares of Amazon.com by 0.4% during the second quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock worth $2,510,000 after acquiring an additional 45 shares in the last quarter. Finally, Doheny Asset Management CA raised its stake in shares of Amazon.com by 0.3% during the second quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock worth $3,910,000 after acquiring an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN stock opened at $214.33 on Wednesday. The stock has a fifty day moving average of $224.09 and a 200 day moving average of $227.06. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 29.89, a PEG ratio of 1.60 and a beta of 1.40. 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 (NASDAQ:AMZN) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the previous year, the firm posted $1.86 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. As a group, research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Very strong demand for Amazon’s jumbo bond sale — investors piled into the offering (orders reportedly around $126B), signaling confidence from fixed‑income buyers in Amazon’s credit and its AI-capex plan. Demand for Amazon’s Bond Sale Is Off the Charts
• Positive Sentiment: Amazon is debuting in the euro bond market (seeking about €10B) and marketing a broader $37–$42B multi‑part bond program — the size and reception help fund its AI/data‑center expansion without equity dilution. Amazon Seeks €10 Billion From Debut Euro Bonds
• Positive Sentiment: Operational investments continue: Amazon plans a AU$750M robotics fulfillment center in Australia — a sign of continued logistics automation that can boost long‑term margin leverage. Amazon Bolsters AI Push With AU$750M Robotics Fulfillment Center
• Positive Sentiment: Product and platform AI rollouts: Amazon expanded its Health AI assistant to the website and app, increasing potential user engagement and monetization paths across Prime/AWS/Pharmacy. Amazon launches its healthcare AI assistant on its website and app
• Neutral Sentiment: Analyst support: Wolfe Research raised its price target on AMZN, reflecting bullish estimates on AWS and AI upside — a positive signal but not a direct operational catalyst. Wolfe Research Adjusts Price Target on Amazon.com
• Negative Sentiment: Operational risk: Amazon is investigating recent outages tied to AI‑assisted coding and held an engineering “deep dive” — execution missteps or repeated outages could dent sales and customer trust. Amazon plans ‘deep dive’ internal meeting to address AI-related outages
• Negative Sentiment: Funding vs. cashflow tradeoff: the massive bond/capex program (reports of up to ~$42B now and a multi‑year ~$200B capex plan) funds AI scale but raises leverage and pressures near‑term free cash flow; some investors see valuation and FCF risk. Amazon targeting $37–$42B bond sale
• Negative Sentiment: Geopolitical/data‑center risk: recent drone attacks on regional data centers and related coverage highlight physical and geopolitical risks to AWS infrastructure expansion. Iran’s attacks on Amazon data centers signal new risk

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $260.00 price objective (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Wedbush lowered their price target on shares of Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. The Goldman Sachs Group upped their price target on shares of Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Daiwa Securities Group decreased their price objective on Amazon.com from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $286.93.

Insider Buying and Selling at Amazon.com

In related news, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $8,461,661.70. This represents a 20.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 71,686 shares of company stock worth $14,688,739. Insiders own 10.80% 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.