Amazon.com, Inc. $AMZN Stock Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,122,679 shares of the e-commerce giant’s stock after selling 741,019 shares during the period. Amazon.com makes up 1.8% of The Manufacturers Life Insurance Company’s investment portfolio, making the stock its 6th largest holding. The Manufacturers Life Insurance Company owned about 0.14% of Amazon.com worth $3,568,246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tortoise Investment Management LLC boosted its stake in Amazon.com by 10.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 6,243 shares of the e-commerce giant’s stock valued at $1,488,000 after purchasing an additional 599 shares during the last quarter. Community Bank of Raymore raised its stake in shares of Amazon.com by 2,290.7% in the second quarter. Community Bank of Raymore now owns 47,552 shares of the e-commerce giant’s stock worth $11,334,000 after purchasing an additional 45,563 shares during the last quarter. Dragoneer Investment Group LLC purchased a new position in shares of Amazon.com in the second quarter worth $303,049,000. MCF Advisors LLC lifted its holdings in shares of Amazon.com by 10.7% during the second quarter. MCF Advisors LLC now owns 42,664 shares of the e-commerce giant’s stock valued at $10,133,000 after purchasing an additional 4,135 shares in the last quarter. Finally, Bienville Capital Management LLC lifted its holdings in shares of Amazon.com by 171.4% during the second quarter. Bienville Capital Management LLC now owns 86,722 shares of the e-commerce giant’s stock valued at $20,669,000 after purchasing an additional 54,765 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 3.3%

Amazon.com stock opened at $262.43 on Friday. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The company has a market cap of $2.83 trillion, a P/E ratio of 21.11, a P/E/G ratio of 1.96 and a beta of 1.45. 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 business has a 50-day simple moving average of $258.83 and a two-hundred day simple moving average of $249.88.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 EPS. Analysts predict that Amazon.com, Inc. will post 8.03 EPS for the current year.

Key Amazon.com News

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

• Positive Sentiment: AI and AWS optimism: AWS CEO Matt Garman said AI spending is not yet in a bubble, citing diversified customers and attractive returns. Analysts also point to AWS’s accelerating growth, custom-chip demand from major AI companies, and Amazon’s planned infrastructure investments as potential long-term catalysts. AWS CEO discusses AI spending
• Positive Sentiment: Analysts see upside: Needham described Amazon as undervalued, citing AI adoption, expanding margins, and cloud leadership. Technical analysts said a double-bottom breakout could open a path toward $320, with resistance near $267.56 and $287.20. Amazon valuation and AI outlook
• Positive Sentiment: Cost-cutting supports margins: Amazon is eliminating fewer than 1,000 positions, primarily in Stores, customer service, marketplace support, and engineering. The cuts may improve efficiency as the company shifts resources toward AI, although they also signal ongoing restructuring. Amazon job cuts
• Neutral Sentiment: Data-center transparency: Amazon said it will stop using nondisclosure agreements in negotiations with local governments over data centers, potentially easing opposition to AI infrastructure while exposing the company to greater public scrutiny. Amazon drops data-center NDAs
• Negative Sentiment: Regulatory and reputational risk: An investigation alleges Amazon pressured sellers to raise prices at competing retailers, potentially increasing antitrust scrutiny. Investigation into Amazon pricing practices
• Negative Sentiment: Heavy AI spending remains a concern: Amazon’s large capital commitments, including planned GPU deployments, could pressure free cash flow if AI demand or returns disappoint. Blocking third-party AI shopping agents may also create an opening for competitors.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research analyst reports. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 3rd. Evercore set a $355.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, August 28th. HSBC reaffirmed a “buy” rating and set a $310.00 price target on shares of Amazon.com in a report on Friday, July 31st. Benchmark lifted their price target 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. Finally, DA Davidson restated a “neutral” rating and set a $250.00 price objective on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $322.86.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 1,000 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $251.50, for a total transaction of $251,500.00. Following the completion of the sale, the chief executive officer owned 474,681 shares of the company’s stock, valued at $119,382,271.50. The trade was a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at $579,085,751.66. This trade represents a 0.89% decrease in their ownership of the stock. 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 71,589 shares of company stock valued at $18,580,515 in the last quarter. Insiders own 8.90% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon’s major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.