Amazon.com, Inc. $AMZN Stock: Sumitomo Mitsui DS Asset Management Company Ltd Raises Holdings

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% in the third quarter, HoldingsChannel reports. The firm owned 1,793,928 shares of the e-commerce giant’s stock after buying an additional 49,999 shares during the period. Amazon.com makes up 3.0% of Sumitomo Mitsui DS Asset Management Company Ltd’s portfolio, making the stock its 4th largest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Amazon.com were worth $446,957,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Midway Capital Research & Management increased its position in Amazon.com by 20.0% during the third quarter. Midway Capital Research & Management now owns 1,358 shares of the e-commerce giant’s stock worth $338,000 after buying an additional 226 shares during the last quarter. Altium Investment Strategies LLC lifted its position in shares of Amazon.com by 71.4% in the third quarter. Altium Investment Strategies LLC now owns 3,069 shares of the e-commerce giant’s stock valued at $794,000 after buying an additional 1,278 shares during the last quarter. Vestia Personal Wealth Advisors lifted its position in shares of Amazon.com by 17.7% in the third quarter. Vestia Personal Wealth Advisors now owns 6,146 shares of the e-commerce giant’s stock valued at $1,531,000 after buying an additional 923 shares during the last quarter. Family Wealth Partners LLC acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $273,000. Finally, JDH Wealth Management LLC boosted its stake in shares of Amazon.com by 11.7% during the 3rd quarter. JDH Wealth Management LLC now owns 3,507 shares of the e-commerce giant’s stock worth $874,000 after acquiring an additional 367 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Activity

In other news, CFO Brian T. Olsavsky sold 6,172 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the sale, the chief financial officer owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% 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. Over the last ninety days, insiders have sold 71,589 shares of company stock worth $18,580,515. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $240.35 on Friday. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The stock’s 50 day moving average is $254.28 and its 200-day moving average is $243.09. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $2.59 trillion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.87 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The firm had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 16.94% and a net margin of 16.90%. Amazon.com’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. Equities research analysts expect that Amazon.com, Inc. will post 8.00 EPS for the current year.

Amazon.com News Summary

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

• Positive Sentiment: AWS growth accelerated significantly. Amazon Web Services revenue rose 39% to approximately $46 billion, its fastest growth in nearly five years. Management said AWS could grow more than 40% annually in 2027 and 2028, supported by AI demand, a large backlog and rising cloud workloads. Analysts including JPMorgan, Canaccord, Monness and RBC maintained bullish ratings or targets, viewing AWS as a potential long-term, trillion-dollar business. AWS growth hits 39 percent
• Positive Sentiment: Amazon continues expanding its AI and adjacent businesses. The company plans to sell its Trainium AI chips externally by late 2027, while Amazon Pharmacy users increased more than 60% year over year and Prime Video reportedly reached profitability. Management also highlighted longer-term opportunities in retail automation, satellite internet and AI infrastructure. Amazon Trainium AI chips
• Neutral Sentiment: Analyst sentiment remains broadly constructive, but targets were trimmed. Several firms reaffirmed Buy or Outperform ratings, with targets generally well above the current trading level. However, Wells Fargo, Morgan Stanley, Wedbush, Scotiabank, Cantor Fitzgerald and others lowered targets, signaling reduced near-term confidence after the earnings release. Amazon price target changes
• Negative Sentiment: Amazon missed both major Q3 estimates. Earnings per share came in at $1.89 versus roughly $1.97–$2.01 expected, while revenue was $201.94 billion compared with about $202.2 billion anticipated. Fourth-quarter revenue guidance was also viewed as soft, raising concerns about holiday-season retail demand. Amazon fourth-quarter guidance
• Negative Sentiment: AI investment is pressuring cash flow and leverage. Amazon spent about $77 billion on property and equipment in Q3 and continues targeting approximately $220 billion in 2026 capital expenditures. Trailing free cash flow fell to a $42.4 billion deficit, while long-term debt increased substantially. Investors are questioning when the spending will generate adequate returns, overshadowing AWS’s strong growth. Amazon AI spending concerns
• Negative Sentiment: Broader technology-sector weakness amplified the selling. Amazon’s report contributed to a wider Nasdaq decline as investors reconsidered whether massive AI infrastructure spending across Big Tech can produce timely profits. Concerns about AI-related debt, cash burn and valuation affected sentiment beyond Amazon itself. Nasdaq and AI spending concerns

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMZN. Tigress Financial reissued a “buy” rating and set a $385.00 target price (up from $315.00) on shares of Amazon.com in a report on Tuesday, October 6th. TD Cowen restated a “buy” rating and issued a $340.00 price target (down from $350.00) on shares of Amazon.com in a research note on Friday. KeyCorp set a $345.00 price target on Amazon.com and gave the company an “overweight” rating in a report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $335.00 price objective on shares of Amazon.com in a research report on Friday. Finally, DA Davidson set a $250.00 price objective on shares of Amazon.com and gave the stock a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $320.86.

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.