Jennison Associates LLC Cuts Stock Holdings in Amazon.com, Inc. $AMZN

Jennison Associates LLC decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,267,097 shares of the e-commerce giant’s stock after selling 1,464,526 shares during the quarter. Amazon.com accounts for approximately 5.7% of Jennison Associates LLC’s holdings, making the stock its 3rd largest holding. Jennison Associates LLC owned 0.42% of Amazon.com worth $9,719,726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of AMZN. Wilson Asset Management International PTY Ltd. acquired a new stake in shares of Amazon.com in the second quarter valued at about $11,102,000. American Capital Advisory LLC increased its position in shares of Amazon.com by 63.9% during the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock worth $1,774,000 after purchasing an additional 3,152 shares during the last quarter. ARK Investment Management LLC raised its stake in shares of Amazon.com by 8.3% during the 2nd quarter. ARK Investment Management LLC now owns 1,140,494 shares of the e-commerce giant’s stock worth $250,213,000 after purchasing an additional 86,978 shares in the last quarter. Buckhead Capital Management LLC boosted its holdings in shares of Amazon.com by 16.1% in the 2nd quarter. Buckhead Capital Management LLC now owns 28,407 shares of the e-commerce giant’s stock valued at $6,232,000 after buying an additional 3,948 shares during the last quarter. Finally, Alpha Wealth Funds LLC boosted its holdings in shares of Amazon.com by 172.8% in the 2nd quarter. Alpha Wealth Funds LLC now owns 3,012 shares of the e-commerce giant’s stock valued at $667,000 after buying an additional 1,908 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $300.00 price target (down from $315.00) on shares of Amazon.com in a research report on Friday, February 6th. CICC Research boosted their price objective on shares of Amazon.com from $240.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Evercore reaffirmed an “outperform” rating and issued a $285.00 target price (down from $335.00) on shares of Amazon.com in a report on Monday, February 2nd. The Goldman Sachs Group raised their target price on shares of Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, TD Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, February 6th. Fifty-five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $288.60.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.94, for a total value of $4,311,031.68. Following the transaction, the chief executive officer directly owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. This represents a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the completion of the sale, the chief executive officer owned 505,934 shares of the company’s stock, valued at $117,993,927.48. This trade represents a 0.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 47,061 shares of company stock valued at $10,351,262 in the last 90 days. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $204.25 on Thursday. The firm has a market cap of $2.19 trillion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 1.33 and a beta of 1.37. The business’s 50 day moving average is $231.89 and its 200-day moving average is $229.29. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $258.60.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

More Amazon.com News

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

• Positive Sentiment: Amazon Pharmacy will expand same‑day prescription delivery to nearly 4,500 U.S. cities and towns by year‑end — this materially scales a higher‑margin services business and improves growth/market share in healthcare delivery. Amazon Pharmacy expands same‑day delivery (Reuters)
• Positive Sentiment: The FCC approved Amazon’s request to launch an additional 4,500 LEO satellites, advancing its Project Kuiper/LEO internet strategy and strengthening long‑term connectivity and AWS edge opportunities. FCC approves 4,500 LEO satellites (CNBC)
• Positive Sentiment: Amazon disclosed a roughly 5% stake in Beta Technologies, signaling continued strategic investments in logistics/transport innovation that could support long‑term delivery cost reduction and sustainability goals. Amazon stake in Beta Technologies (TipRanks)
• Neutral Sentiment: Analysts continue to reprice targets: Arete raised its price target to $285 while Daiwa trimmed its target to $280 (still Buy ratings) — mixed analyst moves that reflect diverging views on the timing of returns from capex. Arete raises PT to $285 Daiwa trims PT to $280
• Neutral Sentiment: Amazon is exploring an AI content marketplace for publishers — a potential new revenue stream for Bedrock/AI services but execution and monetization are uncertain. Amazon AI content marketplace (Blockonomi)
• Negative Sentiment: Investors were spooked by Amazon’s plan for an outsized AI‑related capital spend (reported ~$200B), which triggered a sharp selloff and remains the main near‑term pressure on the stock as markets fret about returns and margin dilution. Why AI spending triggered the selloff (MarketWatch)
• Negative Sentiment: DA Davidson downgraded Amazon and cut its target sharply, citing concerns Amazon is “losing the lead” in cloud — analyst downgrades add selling pressure and feed negative sentiment. DA Davidson downgrade coverage (Barchart)
• Negative Sentiment: Large investors have been reshuffling positions (Morningstar trimmed its AMZN stake while others increased exposure), signaling mixed institutional positioning that can amplify volatility. Morningstar trims AMZN stake (TipRanks)

Amazon.com Company 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.