Commonwealth Financial Services LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 21.1% during the third quarter, Holdings Channel.com reports. The fund owned 19,981 shares of the e-commerce giant’s stock after selling 5,339 shares during the quarter. Amazon.com accounts for 0.9% of Commonwealth Financial Services LLC’s investment portfolio, making the stock its 22nd largest holding. Commonwealth Financial Services LLC’s holdings in Amazon.com were worth $4,978,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. Silvant Capital Management LLC purchased a new stake in Amazon.com during the second quarter valued at about $60,065,000. Public Employees Retirement System of Ohio purchased a new position in shares of Amazon.com in the 2nd quarter worth about $909,868,000. Northstar Financial Companies Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth about $3,376,000. Gryphon Financial Partners LLC boosted its holdings in shares of Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after purchasing an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its position in shares of Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock valued at $63,285,000 after purchasing an additional 5,104 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Wolfe Research reissued an “outperform” rating and set a $315.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Wedbush cut their target price on Amazon.com from $310.00 to $298.00 and set an “outperform” rating for the company in a research note on Friday. The Goldman Sachs Group reiterated a “conviction-buy” rating and set a $370.00 price target on shares of Amazon.com in a research report on Friday. Evercore reissued an “outperform” rating on shares of Amazon.com in a research note on Friday. Finally, Barclays restated an “overweight” rating and issued a $365.00 price objective (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $320.86.
View Our Latest Research Report on Amazon.com
Insider Activity
In other news, CFO Brian Olsavsky sold 6,172 shares of the 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 completion of the sale, the chief financial officer directly owned 109,207 shares in the company, valued at approximately $28,427,674.17. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $10,699,926.30. The trade was a 18.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 71,589 shares of company stock valued at $18,580,515. 8.90% of the stock is owned by corporate insiders.
Key Stories Impacting Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AWS growth accelerated significantly. Amazon Web Services revenue rose 39% to approximately $46 billion, its fastest growth in nearly five years. Management said AWS could grow more than 40% annually in 2027 and 2028, supported by AI demand, a large backlog and rising cloud workloads. Analysts including JPMorgan, Canaccord, Monness and RBC maintained bullish ratings or targets, viewing AWS as a potential long-term, trillion-dollar business. AWS growth hits 39 percent
- Positive Sentiment: Amazon continues expanding its AI and adjacent businesses. The company plans to sell its Trainium AI chips externally by late 2027, while Amazon Pharmacy users increased more than 60% year over year and Prime Video reportedly reached profitability. Management also highlighted longer-term opportunities in retail automation, satellite internet and AI infrastructure. Amazon Trainium AI chips
- Neutral Sentiment: Analyst sentiment remains broadly constructive, but targets were trimmed. Several firms reaffirmed Buy or Outperform ratings, with targets generally well above the current trading level. However, Wells Fargo, Morgan Stanley, Wedbush, Scotiabank, Cantor Fitzgerald and others lowered targets, signaling reduced near-term confidence after the earnings release. Amazon price target changes
- Negative Sentiment: Amazon missed both major Q3 estimates. Earnings per share came in at $1.89 versus roughly $1.97–$2.01 expected, while revenue was $201.94 billion compared with about $202.2 billion anticipated. Fourth-quarter revenue guidance was also viewed as soft, raising concerns about holiday-season retail demand. Amazon fourth-quarter guidance
- Negative Sentiment: AI investment is pressuring cash flow and leverage. Amazon spent about $77 billion on property and equipment in Q3 and continues targeting approximately $220 billion in 2026 capital expenditures. Trailing free cash flow fell to a $42.4 billion deficit, while long-term debt increased substantially. Investors are questioning when the spending will generate adequate returns, overshadowing AWS’s strong growth. Amazon AI spending concerns
- Negative Sentiment: Broader technology-sector weakness amplified the selling. Amazon’s report contributed to a wider Nasdaq decline as investors reconsidered whether massive AI infrastructure spending across Big Tech can produce timely profits. Concerns about AI-related debt, cash burn and valuation affected sentiment beyond Amazon itself. Nasdaq and AI spending concerns
Amazon.com Trading Down 1.4%
NASDAQ:AMZN opened at $240.35 on Friday. The company has a fifty day moving average of $254.28 and a 200 day moving average of $243.09. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.59 trillion, a P/E ratio of 19.43, a P/E/G ratio of 1.87 and a beta of 1.45.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). The firm had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 16.94%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 EPS. On average, research analysts predict that Amazon.com, Inc. will post 8.00 earnings per share for the current year.
Amazon.com Company 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.
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