Amazon.com, Inc. $AMZN Stock: Virginia Estate & Retirement Planning Advisors Inc. Lowers Position

Posted by George Bondi on Oct 21st, 2026

Virginia Estate & Retirement Planning Advisors Inc. cut its position in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 93.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 261 shares of the e-commerce giant’s stock after selling 3,824 shares during the quarter. Virginia Estate & Retirement Planning Advisors Inc.’s holdings in Amazon.com were worth $65,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MFA Wealth Services grew its position in shares of Amazon.com by 1.8% in the 3rd quarter. MFA Wealth Services now owns 5,746 shares of the e-commerce giant’s stock worth $1,432,000 after acquiring an additional 104 shares in the last quarter. XY Planning Network Inc. increased its holdings in shares of Amazon.com by 39.1% in the 3rd quarter. XY Planning Network Inc. now owns 11,740 shares of the e-commerce giant’s stock valued at $2,925,000 after acquiring an additional 3,302 shares during the last quarter. Define Financial LLC increased its holdings in shares of Amazon.com by 2.7% in the 3rd quarter. Define Financial LLC now owns 4,006 shares of the e-commerce giant’s stock valued at $998,000 after acquiring an additional 104 shares during the last quarter. ProCore Advisors LLC raised its position in shares of Amazon.com by 1.0% during the 3rd quarter. ProCore Advisors LLC now owns 5,661 shares of the e-commerce giant’s stock valued at $1,410,000 after acquiring an additional 55 shares in the last quarter. Finally, Allied Investment Advisors LLC raised its position in shares of Amazon.com by 3.7% during the 3rd quarter. Allied Investment Advisors LLC now owns 3,341 shares of the e-commerce giant’s stock valued at $832,000 after acquiring an additional 118 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com News Summary

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

Positive Sentiment: Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335. The firm expects AWS growth to accelerate to 47% in 2027 and cited cloud margins, Bedrock, agentic AI, advertising and robotics as additional catalysts. Amazon shares jump as Morgan Stanley calls AWS runway under-appreciated
Positive Sentiment: Amazon plans to hire more than 300,000 U.S. seasonal, part-time and full-time workers—20% more than last year—signaling expectations for strong holiday shopping demand. It will also expand healthcare access for eligible seasonal employees beginning in 2027. Amazon Creates Over 300,000 New U.S. Jobs
Positive Sentiment: AWS released TorchNeuron, which helps developers run existing PyTorch applications on Amazon’s Trainium chips with fewer code changes. The initiative could reduce reliance on Nvidia’s software ecosystem and improve Amazon’s long-term AI infrastructure economics. Amazon releases TorchNeuron
Positive Sentiment: Amazon committed more than $17 billion to expand Germany operations, including AWS, AI infrastructure, logistics, satellite internet and Prime Video. The investment supports international growth but will require substantial capital. Amazon Germany investment
Neutral Sentiment: Amazon is funding development of a proposed 960-megawatt Indiana small-modular-reactor project and would purchase its electricity if completed. The project could help address data-center power needs, but remains in the feasibility stage. Amazon Indiana nuclear project
Negative Sentiment: Investors remain concerned about Amazon’s roughly $220 billion 2026 capital-spending plan, negative free cash flow and reports that some Nvidia AI systems cannot yet be powered because of data-center constraints. Heavy spending must translate into AWS revenue and profit growth.
Negative Sentiment: Walmart’s new membership bundle increases competition with Amazon Prime, while analysts question whether customers will understand or use the offering. Amazon’s rising advertising and seller-services revenue also raises concerns about pressure on merchants’ profitability.

Insider Transactions at Amazon.com

In other news, CEO Matthew Garman sold 14,541 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian T. Olsavsky sold 6,172 shares of the stock in a transaction on 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 sale, the chief financial officer owned 109,207 shares of the company’s stock, valued at $28,427,674.17. The trade was a 5.35% 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. Insiders have sold a total of 71,589 shares of company stock valued at $18,580,515 in the last 90 days. 8.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Telsey Advisory Group set a $335.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 31st. TD Cowen restated a “buy” rating and issued a $350.00 price target on shares of Amazon.com in a research report on Monday, October 5th. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a report on Friday, August 14th. HSBC reaffirmed a “buy” rating and set a $310.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $350.00 price objective (up from $335.00) on shares of Amazon.com in a research note on Monday. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $322.53.

Get Our Latest Analysis on AMZN

Amazon.com Price Performance

Shares of AMZN opened at $262.63 on Wednesday. The firm has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $287.20. The stock’s fifty day moving average is $256.25 and its 200-day moving average is $252.67.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share 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%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 8.02 EPS for the current year.

About Amazon.com

(Free Report)

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.