Amazon.com, Inc. $AMZN Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 83.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,343 shares of the e-commerce giant’s stock after selling 12,206 shares during the quarter. Amazon.com comprises about 1.0% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 14th biggest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Amazon.com were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AMZN. TOP Private Wealth LLC. purchased a new stake in Amazon.com in the second quarter worth about $29,000. Bard Associates Inc. bought a new stake in Amazon.com during the 2nd quarter valued at approximately $32,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Amazon.com during the 2nd quarter worth approximately $33,000. Atomic Invest LLC grew its holdings in shares of Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after acquiring an additional 49 shares during the period. Finally, Lifetime Wealth Management P.C. purchased a new stake in Amazon.com in the fourth quarter worth $45,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird set a $310.00 price objective on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, July 31st. Zacks Research cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. TD Cowen reiterated a “buy” rating and set a $350.00 price target on shares of Amazon.com in a report on Monday, October 5th. Needham & Company LLC reissued a “buy” rating and set a $300.00 price target on shares of Amazon.com in a research report on Friday, July 31st. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $322.53.

Insider Transactions at Amazon.com

In related news, CEO Andrew Jassy sold 20,000 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $10,699,926.30. This represents 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 three months, insiders have 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: 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.

Amazon.com Price Performance

NASDAQ AMZN opened at $262.63 on Wednesday. The company has a 50-day moving average price of $256.25 and a 200-day moving average price of $252.67. 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 $2.83 trillion, a P/E ratio of 21.13, a PEG ratio of 2.03 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The company had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.68 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 8.02 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.