Amazon.com, Inc. $AMZN Shares Sold by Security National Bank of SO Dak

Security National Bank of SO Dak trimmed its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 30.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,792 shares of the e-commerce giant’s stock after selling 4,219 shares during the quarter. Amazon.com makes up about 1.1% of Security National Bank of SO Dak’s investment portfolio, making the stock its 29th largest holding. Security National Bank of SO Dak’s holdings in Amazon.com were worth $2,334,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Silvant Capital Management LLC bought a new position in Amazon.com in the 2nd quarter worth $60,065,000. Public Employees Retirement System of Ohio bought a new stake in Amazon.com during the second quarter valued at about $909,868,000. Northstar Financial Companies Inc. acquired a new stake in shares of Amazon.com in the second quarter valued at about $3,376,000. Gryphon Financial Partners LLC grew its position in shares of Amazon.com by 7.5% in the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after purchasing an additional 5,125 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in shares of Amazon.com by 1.7% in the first quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after purchasing an additional 5,104 shares during the period. Institutional investors own 72.20% of the company’s stock.

Key Headlines Impacting 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 Price Performance

Shares of NASDAQ:AMZN opened at $262.43 on Friday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $287.20. The firm has a market capitalization of $2.83 trillion, a PE ratio of 21.11, a PEG ratio of 1.96 and a beta of 1.45. The business’s 50 day moving average is $258.83 and its 200-day moving average is $249.88. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

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

Analyst Ratings Changes

AMZN has been the subject of several research analyst reports. Zacks Research cut Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Phillip Securities downgraded Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 3rd. Raymond James Financial reiterated an “outperform” rating and set a $390.00 price target (up from $280.00) on shares of Amazon.com in a report on Friday, July 31st. Oppenheimer reissued an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. Finally, Susquehanna restated a “positive” rating on shares of Amazon.com in a research note on Tuesday. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $322.86.

Insider Buying and Selling

In other news, CEO Douglas Herrington sold 6,362 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the transaction, the chief executive officer directly owned 476,681 shares of the company’s stock, valued at approximately $123,465,145.81. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares in the company, valued at approximately $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. In the last quarter, insiders have sold 71,589 shares of company stock worth $18,580,515. Insiders own 8.90% of the company’s stock.

About Amazon.com

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.