Jennison Associates LLC Sells 1,464,526 Shares of Amazon.com, Inc. $AMZN

Jennison Associates LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,267,097 shares of the e-commerce giant’s stock after selling 1,464,526 shares during the quarter. Amazon.com comprises 5.7% of Jennison Associates LLC’s investment portfolio, making the stock its 3rd biggest position. Jennison Associates LLC’s holdings in Amazon.com were worth $9,719,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Fairway Wealth LLC increased its stake in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 60 shares during the last quarter. Sellwood Investment Partners LLC bought a new stake in Amazon.com during the third quarter worth $27,000. Cooksen Wealth LLC boosted its holdings in shares of Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock valued at $54,000 after purchasing an additional 47 shares in the last quarter. PayPay Securities Corp increased its stake in shares of Amazon.com by 62.3% in the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock valued at $55,000 after purchasing an additional 96 shares during the last quarter. Finally, Access Investment Management LLC acquired a new position in shares of Amazon.com during the 2nd quarter worth $74,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMZN has been the topic of several research analyst reports. Zacks Research lowered Amazon.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Oppenheimer set a $260.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Friday, February 6th. Mizuho downgraded shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Canadian Imperial Bank of Commerce raised their price objective on Amazon.com to $315.00 in a report on Monday, October 20th. Finally, Canaccord Genuity Group set a $300.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Friday, October 31st. Fifty-five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $288.60.

Amazon.com Trading Down 1.3%

NASDAQ AMZN opened at $204.25 on Thursday. The firm has a market capitalization of $2.19 trillion, a PE 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 price is $231.89 and its two-hundred day moving average price 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 12 month low of $161.38 and a 12 month high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The company had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. Amazon.com’s revenue was up 13.6% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS 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)

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the transaction, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer owned 2,208,310 shares of the company’s stock, valued at approximately $479,070,771.40. This trade represents a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 47,061 shares of company stock worth $10,351,262. Company insiders own 9.70% of the company’s stock.

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.