Smithbridge Asset Management Inc. DE Cuts Stake in Amazon.com, Inc. $AMZN

Smithbridge Asset Management Inc. DE cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 64,228 shares of the e-commerce giant’s stock after selling 3,918 shares during the period. Amazon.com comprises about 2.1% of Smithbridge Asset Management Inc. DE’s holdings, making the stock its 14th largest position. Smithbridge Asset Management Inc. DE’s holdings in Amazon.com were worth $15,308,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. raised its position in shares of Amazon.com by 5.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 171,378 shares of the e-commerce giant’s stock worth $40,846,000 after purchasing an additional 8,809 shares during the last quarter. Hixon Zuercher LLC grew its position in Amazon.com by 11.5% during the 2nd quarter. Hixon Zuercher LLC now owns 36,944 shares of the e-commerce giant’s stock valued at $8,805,000 after purchasing an additional 3,821 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Amazon.com by 8.5% during the 2nd quarter. Venturi Wealth Management LLC now owns 98,512 shares of the e-commerce giant’s stock valued at $23,479,000 after purchasing an additional 7,693 shares in the last quarter. Moody Lynn Lieberson & Walker LLC increased its stake in Amazon.com by 2.6% during the 2nd quarter. Moody Lynn Lieberson & Walker LLC now owns 251,450 shares of the e-commerce giant’s stock valued at $59,931,000 after purchasing an additional 6,377 shares in the last quarter. Finally, Selective Wealth Management Inc. raised its holdings in Amazon.com by 10.6% in the second quarter. Selective Wealth Management Inc. now owns 6,060 shares of the e-commerce giant’s stock worth $1,498,000 after buying an additional 582 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In other news, CFO Brian T. Olsavsky sold 6,172 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the transaction, the chief financial officer directly owned 109,207 shares of the company’s stock, valued at $28,427,674.17. This represents a 5.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 on 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 transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. 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 $18,580,205 in the last ninety days. Corporate insiders own 8.90% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS expands its data-analytics offering. Amazon Web Services agreed to acquire DuckLabs, the team behind open-source DuckDB. The deal could strengthen AWS’s position in analytics and help attract developers and enterprise workloads, while DuckDB is expected to remain independent. Amazon DuckLabs acquisition
• Positive Sentiment: AI-related cloud demand remains a major catalyst. Amazon is reportedly negotiating with Moonshot AI to host its Kimi K3 model under a potential revenue-sharing arrangement. If completed, the agreement could add AI workloads to AWS, although U.S. scrutiny of Moonshot creates geopolitical and regulatory uncertainty. Reuters Moonshot AI article
• Positive Sentiment: Analysts and large investors remain optimistic. Citizens maintained a Market Outperform rating and a $315 price target, while several hedge funds and prominent investors, including Peter Thiel, David Tepper and Bill Ackman, have recently held or increased Amazon positions. These reports support the view that AMZN’s valuation and AWS growth remain attractive.
• Neutral Sentiment: Amazon is shutting down Mechanical Turk. The closure of the 21-year-old crowdsourcing platform on September 30 appears financially immaterial, but it signals continued portfolio streamlining as AI replaces some human-completed digital tasks. Mechanical Turk shutdown
• Negative Sentiment: AI spending is weighing on cash generation. AWS growth is reportedly accelerating, but infrastructure investment pushed trailing free cash flow backward by approximately $25.8 billion. Investors want evidence that massive data-center spending will translate into durable profits and improved cash flow. Amazon AWS free cash flow article
• Negative Sentiment: Executives sold more than $15 million of stock. CEO Andy Jassy, AWS CEO Matthew Garman, CFO Brian Olsavsky and other senior leaders reported sales. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their significance, but the concentration of selling can still weigh on sentiment. Amazon insider selling article

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $260.28 on Thursday. The firm’s 50-day moving average price is $250.94 and its 200-day moving average price is $239.94. 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 company has a market cap of $2.81 trillion, a PE ratio of 20.94, a PEG ratio of 1.74 and a beta of 1.45. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The firm 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 earnings per share. As a group, analysts anticipate that Amazon.com, Inc. will post 8.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMZN. Oppenheimer reiterated an “outperform” rating on shares of Amazon.com in a research note on Friday, July 31st. KeyCorp raised their price target on shares of Amazon.com from $335.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Cantor Fitzgerald restated an “overweight” rating and issued a $320.00 price objective (down from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Scotiabank restated an “outperform” rating and issued a $325.00 price objective (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $325.00 price objective on shares of Amazon.com in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $322.39.

Amazon.com Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.