Security National Bank of Sioux City Iowa IA Buys 3,980 Shares of Amazon.com, Inc. $AMZN

Security National Bank of Sioux City Iowa IA raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 44.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,849 shares of the e-commerce giant’s stock after purchasing an additional 3,980 shares during the quarter. Amazon.com accounts for 1.3% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 20th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Amazon.com were worth $3,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Altus USA Inc. raised its holdings in Amazon.com by 2.3% in the 2nd quarter. Wellington Altus USA Inc. now owns 7,569 shares of the e-commerce giant’s stock worth $1,804,000 after purchasing an additional 171 shares during the period. Reynders McVeigh Capital Management LLC raised its stake in shares of Amazon.com by 0.6% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 166,954 shares of the e-commerce giant’s stock worth $39,792,000 after buying an additional 1,003 shares during the period. Bullseye Investment Management LLC purchased a new position in shares of Amazon.com during the 2nd quarter valued at approximately $2,688,000. Smith Chas P & Associates PA Cpas grew its stake in Amazon.com by 2.4% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 195,038 shares of the e-commerce giant’s stock valued at $46,485,000 after acquiring an additional 4,639 shares during the period. Finally, Talon Private Wealth LLC grew its stake in Amazon.com by 20.0% in the 2nd quarter. Talon Private Wealth LLC now owns 18,859 shares of the e-commerce giant’s stock valued at $4,495,000 after acquiring an additional 3,139 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the sale, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This represents a 44.97% decrease in their position. The sale was disclosed in a document filed 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, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $251.50, for a total value of $251,500.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,580,515. 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: 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.

Amazon.com Stock Up 3.3%

Shares of NASDAQ:AMZN opened at $262.43 on Friday. The firm has a market capitalization of $2.83 trillion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 1.96 and a beta of 1.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The firm’s 50-day moving average is $258.83 and its two-hundred day moving average is $249.88.

Amazon.com (NASDAQ:AMZN) last announced its earnings results 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 the consensus estimate of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. Analysts predict that Amazon.com, Inc. will post 8.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMZN. HSBC reaffirmed a “buy” rating and set a $310.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Bank of America upped their price target on shares of Amazon.com from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wolfe Research reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Amazon.com in a research note on Friday, July 31st. Morgan Stanley reiterated an “overweight” rating and set a $335.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their target price on Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.86.

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.