NBT Bank N A NY Increases Stake in Amazon.com, Inc. $AMZN

NBT Bank N A NY grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.8% in the first quarter, HoldingsChannel.com reports. The firm owned 98,446 shares of the e-commerce giant’s stock after buying an additional 3,567 shares during the quarter. Amazon.com comprises approximately 1.3% of NBT Bank N A NY’s holdings, making the stock its 14th largest holding. NBT Bank N A NY’s holdings in Amazon.com were worth $20,503,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in AMZN. Brighton Jones LLC boosted its position in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC increased its position in shares of Amazon.com by 4.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock valued at $5,495,000 after acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock valued at $442,481,000 after acquiring an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE raised its stake in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in shares of Amazon.com during the fourth quarter worth about $2,153,000. Institutional investors own 72.20% of the company’s stock.

More Amazon.com News

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

• Positive Sentiment: Citizens JMP reaffirmed its market outperform rating on Amazon and lifted its price target to $315, implying meaningful upside from current levels.
• Positive Sentiment: Jefferies said Amazon offers an attractive way to invest in AI data centers and chips, highlighting upside from AWS, custom silicon, and broader AI infrastructure demand.
• Positive Sentiment: Several reports pointed to Amazon’s growing AI opportunity, including commentary that CEO Andy Jassy sees AI chip sales becoming a potential $50 billion business and that Amazon is increasingly being viewed as a major player in data center chips.
• Positive Sentiment: Amazon also signed a commercial relationship with Electrovaya tied to battery technology for material handling, robotics, and energy storage, reinforcing its automation and logistics ambitions. Electrovaya Announces Commercial Relationship with Amazon
• Positive Sentiment: Analysts continued to frame Amazon as well-positioned heading into its earnings cycle thanks to AWS momentum and resilient Prime Day spending.
• Neutral Sentiment: Amazon AWS senior vice president Dave Brown is leaving after 19 years, but the company moved quickly to replace him with another senior executive, limiting the immediate business impact.
• Negative Sentiment: Some headlines flagged concern over Amazon’s aggressive AI spending and debt financing, including its planned $25 billion bond sale and broader questions about whether hyperscaler capex can be sustained.
• Negative Sentiment: There were also reports that New York’s pause on new AI data centers and other potential state-level restrictions could slow parts of the AI infrastructure buildout that supports Amazon’s cloud growth story.

Insider Activity

In related news, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total transaction of $239,770.00. Following the completion of the transaction, the chief executive officer directly owned 484,527 shares of the company’s stock, valued at $116,175,038.79. This trade represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the transaction, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. This trade represents a 0.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 175,274 shares of company stock worth $46,621,204. 8.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMZN. JPMorgan Chase & Co. reissued a “buy” rating on shares of Amazon.com in a research note on Friday, June 26th. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a report on Thursday, June 18th. Maxim Group lifted their price objective on Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Benchmark boosted their target price on Amazon.com from $275.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Canaccord Genuity Group boosted their target price on Amazon.com from $300.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $312.79.

Amazon.com Trading Up 3.0%

AMZN opened at $254.96 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The stock has a market cap of $2.74 trillion, a PE ratio of 30.50, a PEG ratio of 1.85 and a beta of 1.46. The business has a 50 day moving average of $251.76 and a 200-day moving average of $235.73.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. The company had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 earnings per share. Equities research analysts predict that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

About Amazon.com

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.