Amazon.com, Inc. $AMZN Stock: First Interstate Bank Cuts Holdings

Posted by Stanley Muller on Nov 11th, 2026

First Interstate Bank lessened its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 2.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 66,744 shares of the e-commerce giant’s stock after selling 1,888 shares during the period. Amazon.com comprises about 0.9% of First Interstate Bank’s holdings, making the stock its 21st biggest position. First Interstate Bank’s holdings in Amazon.com were worth $16,629,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in shares of Amazon.com during the 2nd quarter worth $22,218,775,000. Bank of New York Mellon Corp acquired a new position in Amazon.com during the 2nd quarter worth approximately $16,341,405,000. Legal & General Group Plc purchased a new position in Amazon.com in the 2nd quarter worth approximately $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Amazon.com in the second quarter valued at approximately $6,631,466,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Amazon.com during the second quarter valued at approximately $5,910,083,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of the business’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $243.47, for a total transaction of $243,470.00. Following the completion of the transaction, the chief executive officer owned 473,681 shares in the company, valued at approximately $115,327,113.07. The trade was a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 17,794 shares of the company’s stock, valued at $4,609,713.64. This represents a 44.97% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,545,595 over the last 90 days. Corporate insiders own 8.90% of the company’s stock.

Key Amazon.com News

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

Positive Sentiment: AWS growth and backlog support the AI investment case. AWS revenue grew 39.3% in the latest quarter, its fastest pace in nearly five years, while its reported backlog reached $578 billion. That contracted demand may help justify Amazon’s substantial infrastructure investment. Article: Andy Jassy Just Delivered Great News for Amazon Stock Investors
Positive Sentiment: Anthropic’s planned IPO could highlight the value of Amazon’s stake and cloud relationship. Reports describe Amazon as a major investor and cloud provider to Anthropic; the proposed offering could put a substantial valuation on its stake, while Anthropic’s infrastructure commitments could also generate AWS business. Any stake valuation remains a paper estimate until shares trade. Article: Amazon and Google Will See Big Paydays from Anthropic IPO
Positive Sentiment: UK approval expands Amazon’s drone-delivery opportunity. Regulatory clearance allows Amazon to extend eligible deliveries in Darlington to about 8,000 customers, providing a potential route to faster service and more efficient fulfillment. Article: UK aviation regulator clears Amazon for expanded drone delivery
Neutral Sentiment: Ring’s new home-security devices and Amazon’s holiday promotions add product and seasonal-sales visibility, but their financial contribution is not yet clear. Article: Amazon’s Ring launches flying camera, autonomous security robot
Negative Sentiment: AI infrastructure spending remains a key risk. Amazon’s large capital-spending plans could pressure cash flow if cloud and AI demand do not translate into returns quickly enough; data-center power, permitting and cost concerns add uncertainty. Article: Amazon Faces a $1.2 Trillion AI Spending Question
Negative Sentiment: Amazon agreed to pay $3 million to Arizona Prime members to resolve allegations related to its subscription-cancellation process, a modest financial cost but a potential reputational and regulatory concern. Article: Amazon agrees to pay $3M to Arizona Prime members

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent analyst reports. Wolfe Research restated an “outperform” rating and set a $315.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Guggenheim reissued a “buy” rating and issued a $320.00 price target on shares of Amazon.com in a report on Friday, October 30th. Wells Fargo & Company lowered their price objective on Amazon.com from $329.00 to $326.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $335.00 target price on shares of Amazon.com in a research report on Friday, October 30th. Finally, UBS Group reiterated a “buy” rating and set a $348.00 target price (up from $318.00) on shares of Amazon.com in a research note on Monday, October 26th. Two analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $321.74.

Read Our Latest Report on AMZN

Amazon.com Stock Up 1.5%

Shares of Amazon.com stock opened at $270.87 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $254.19 and its 200-day simple moving average is $243.93. The stock has a market capitalization of $2.93 trillion, a price-to-earnings ratio of 21.90, a PEG ratio of 2.03 and a beta of 1.49. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $287.20.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its 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). Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The company had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. During the same period in the prior year, the business earned $1.95 earnings per share. Amazon.com’s quarterly revenue was up 12.1% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 7.80 earnings per share for the current year.

Amazon.com Company Profile

(Free Report)

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.