SBI Securities Co. Ltd. lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 377,671 shares of the e-commerce giant’s stock after selling 14,239 shares during the quarter. Amazon.com comprises about 2.0% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 12th largest position. SBI Securities Co. Ltd.’s holdings in Amazon.com were worth $90,014,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the company. Westchester Capital Management Inc. grew its position in shares of Amazon.com by 1.0% in the 2nd quarter. Westchester Capital Management Inc. now owns 42,813 shares of the e-commerce giant’s stock worth $10,204,000 after acquiring an additional 423 shares in the last quarter. Louisbourg Investments Inc. raised its position in shares of Amazon.com by 0.9% during the 2nd quarter. Louisbourg Investments Inc. now owns 49,875 shares of the e-commerce giant’s stock valued at $11,887,000 after acquiring an additional 454 shares in the last quarter. WT Wealth Management raised its position in shares of Amazon.com by 1.4% during the 2nd quarter. WT Wealth Management now owns 40,377 shares of the e-commerce giant’s stock valued at $9,624,000 after acquiring an additional 558 shares in the last quarter. Lazari Capital Management Inc. lifted its stake in Amazon.com by 1.7% during the second quarter. Lazari Capital Management Inc. now owns 75,415 shares of the e-commerce giant’s stock worth $17,974,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Oakworth Capital Inc. lifted its stake in Amazon.com by 3.8% during the second quarter. Oakworth Capital Inc. now owns 30,000 shares of the e-commerce giant’s stock worth $7,167,000 after purchasing an additional 1,090 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
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.
Amazon.com Stock Performance
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share 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 firm had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, equities research analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current year.
Analyst Ratings Changes
Several analysts have weighed in on AMZN shares. Raymond James Financial reiterated an “outperform” rating and set a $390.00 target price (up from $280.00) on shares of Amazon.com in a research note on Friday, July 31st. Sanford C. Bernstein restated an “outperform” rating and issued a $320.00 price target (up from $315.00) on shares of Amazon.com in a research report on Friday, July 31st. UBS Group set a $318.00 price target on shares of Amazon.com and gave the company a “buy” rating in a report on Friday, July 31st. Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Finally, Benchmark increased their price objective on shares of Amazon.com from $370.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $323.09.
Check Out Our Latest Report on Amazon.com
Insider Activity at Amazon.com
In related news, CFO Brian T. Olsavsky sold 6,172 shares of Amazon.com stock in a transaction dated 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 sale, the chief financial officer directly owned 109,207 shares in the company, valued at $28,427,674.17. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 14,541 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the sale, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at $4,609,713.64. The trade was a 44.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 70,589 shares of company stock valued at $18,314,015. 8.90% of the stock is owned by corporate insiders.
About Amazon.com
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.
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