Sawgrass Asset Management LLC Lowers Stake in Amazon.com, Inc. $AMZN

Sawgrass Asset Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,387 shares of the e-commerce giant’s stock after selling 28,325 shares during the period. Amazon.com comprises 4.2% of Sawgrass Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Sawgrass Asset Management LLC’s holdings in Amazon.com were worth $33,899,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CIBC Asset Management Inc raised its holdings in shares of Amazon.com by 1.7% in the 3rd quarter. CIBC Asset Management Inc now owns 2,751,154 shares of the e-commerce giant’s stock worth $603,885,000 after buying an additional 45,409 shares in the last quarter. Heritage Investment Group Inc. grew its position in Amazon.com by 14.8% in the third quarter. Heritage Investment Group Inc. now owns 3,859 shares of the e-commerce giant’s stock valued at $847,000 after acquiring an additional 498 shares during the period. TFR Capital LLC. raised its stake in Amazon.com by 0.4% during the third quarter. TFR Capital LLC. now owns 39,356 shares of the e-commerce giant’s stock worth $8,641,000 after acquiring an additional 159 shares in the last quarter. 1834 Investment Advisors Co. lifted its holdings in shares of Amazon.com by 1.5% during the third quarter. 1834 Investment Advisors Co. now owns 28,981 shares of the e-commerce giant’s stock valued at $6,363,000 after acquiring an additional 420 shares during the period. Finally, Patten & Patten Inc. TN boosted its stake in shares of Amazon.com by 10.2% in the 3rd quarter. Patten & Patten Inc. TN now owns 47,318 shares of the e-commerce giant’s stock valued at $10,390,000 after purchasing an additional 4,391 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Down 0.4%

NASDAQ AMZN opened at $198.79 on Friday. The stock has a market capitalization of $2.13 trillion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.37. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $258.60. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The stock has a fifty day moving average of $230.69 and a 200-day moving average of $228.85.

Amazon.com (NASDAQ:AMZN) last posted 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). The firm had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. Amazon.com’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the completion of the sale, the chief executive officer owned 2,208,310 shares in the company, valued at approximately $479,070,771.40. The trade was a 0.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $208.00, for a total value of $208,000.00. Following the completion of the transaction, the chief executive officer directly owned 504,934 shares in the company, valued at approximately $105,026,272. This trade represents a 0.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 48,061 shares of company stock worth $10,559,262 over the last 90 days. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citizens Jmp increased their target price on shares of Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Mizuho lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Daiwa Securities Group reduced their target price on Amazon.com from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday. Wedbush decreased their price target on Amazon.com from $340.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $260.00 price objective (down previously from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $287.48.

Amazon.com News Summary

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

• Positive Sentiment: AWS momentum and cloud demand remain a structural support for AMZN; analysts point to expanding AI and cloud revenues that underpin long‑term growth. AWS Momentum Supports Amazon.com
• Positive Sentiment: Amazon’s minority stake in BETA Technologies and other strategic bets could boost logistics/sustainability optionality and have drawn analyst interest as long‑term strategic wins. Amazon Bets Big on BETA
• Positive Sentiment: Amazon‑backed X‑Energy secured a U.S. nuclear fuel license — a long‑dated infrastructure win that could help power data centers and reduce energy costs for AWS over time. X‑Energy Secures Nuclear Fuel License
• Positive Sentiment: Amazon Pharmacy continues to expand same‑day delivery to thousands more cities — a near‑term revenue/market‑share positive for the retail segment. Amazon Pharmacy Same‑Day Expansion
• Positive Sentiment: Large institutional activity: several managers (e.g., PRIMECAP, Egerton) have recently increased stakes, signaling conviction from long‑term holders. PRIMECAP Boosts Amazon Stake
• Neutral Sentiment: Amazon’s satellite/LEO program advanced with a multi‑satellite Ariane 6 launch — a strategic long‑term investment but cash‑intensive today. Ariane 6 Launches Amazon LEO Satellites
• Neutral Sentiment: Some analysts trimmed price targets (New Street cut its target but left a buy rating), reflecting mixed near‑term views while maintaining longer‑term upside. New Street Lowers Price Target
• Negative Sentiment: Technical and sentiment pressure: multiple outlets report AMZN entered a bear market and just hit its worst multi‑day losing streak in nearly 20 years as investors punish heavy capex and rotate out of big tech. Worst Losing Streak / Bear Market
• Negative Sentiment: Investors are explicitly worried about the ~$200B AI capex plan (and the broader $700B hyperscaler capex wave) — concerns center on cash flow, near‑term returns and multiple compression. Mag 7 CapEx Wave
• Negative Sentiment: Reputational and regulatory noise: Ring’s Super Bowl ad backlash led Amazon’s Ring to cancel a Flock Safety partnership, and Italian tax authorities conducted searches in a new probe — both add short‑term headline risk. Ring Ad Backlash / Flock Cancellation Italian Tax Probe

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.