Ledyard National Bank Sells 3,819 Shares of Amazon.com, Inc. $AMZN

Posted by Grant Hamersma on Nov 7th, 2026

Ledyard National Bank trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 5.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,711 shares of the e-commerce giant’s stock after selling 3,819 shares during the period. Amazon.com accounts for about 1.4% of Ledyard National Bank’s holdings, making the stock its 20th biggest holding. Ledyard National Bank’s holdings in Amazon.com were worth $17,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in shares of Amazon.com in the second quarter worth about $22,218,775,000. Bank of New York Mellon Corp purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $16,341,405,000. Legal & General Group Plc purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $12,831,376,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Amazon.com during the 2nd quarter worth approximately $6,631,466,000. Finally, Jupiter Topco LLC acquired a new position in Amazon.com during the 2nd quarter worth approximately $5,910,083,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Stock Down 0.3%

Shares of Amazon.com stock traded down $0.91 during trading on Friday, reaching $259.30. The company had a trading volume of 42,467,151 shares, compared to its average volume of 42,636,872. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $287.20. The firm’s fifty day moving average is $253.96 and its 200-day moving average is $243.57. The company has a market cap of $2.80 trillion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 1.86 and a beta of 1.49.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). The firm had revenue of $201.94 billion during the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a return on equity of 15.72% and a net margin of 16.90%. The firm’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 earnings per share. On average, analysts anticipate that Amazon.com, Inc. will post 7.80 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMZN shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $330.00 price objective on shares of Amazon.com in a research note on Friday, October 30th. Wedbush lowered their price target on shares of Amazon.com from $310.00 to $298.00 and set an “outperform” rating for the company in a report on Friday, October 30th. Freedom Broker lifted their price target on shares of Amazon.com from $255.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research lowered shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Finally, Mizuho raised their target price on Amazon.com from $330.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $321.74.

View Our Latest Stock Report on AMZN

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 2,343 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $606,860.43. Following the transaction, the vice president directly owned 119,780 shares in the company, valued at approximately $31,024,217.80. This trade represents a 1.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $10,699,926.30. This represents a 18.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 71,589 shares of company stock worth $18,545,595. 8.90% of the stock is owned by insiders.

Trending Headlines about Amazon.com

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

Positive Sentiment: AWS growth could be a major long-term catalyst. CEO Andy Jassy sees AWS potentially becoming a $1 trillion business over the next decade, with strong AI demand supporting rapid growth. That outlook may help reassure investors that Amazon’s large infrastructure investments can generate substantial future revenue. Article: Amazon’s CEO Andy Jassy Just Announced Huge News for Amazon Investors
Positive Sentiment: Advertising remains another growth engine. Amazon’s ad revenue grew 12% in the latest quarter, and management expects high-teens growth next, offering a potential boost beyond retail and cloud. Article: Not Alphabet. Not Meta. This Is the Digital Advertising Stock I’d Buy Right Now
Neutral Sentiment: Amazon is testing text-based shopping with Alexa for selected U.S. customers. The AI assistant can help find products, build carts and complete purchases; the feature could improve shopping convenience, though its impact on sales is not yet clear. Article: Amazon rolls out text-based shopping through Alexa
Negative Sentiment: Spending and cash-flow concerns remain a near-term overhang. Despite record operating margins, investors are scrutinizing the cash required for Amazon’s AI and data-center buildout. Its latest quarterly EPS and revenue also came in slightly below consensus estimates. Article: Amazon Just Delivered a Record-Breaking Quarter. But There’s One Number Investors Shouldn’t Ignore
Negative Sentiment: Potential data-center rules could raise costs. Midterm election results have increased attention on restrictions that could require Amazon and other tech companies to pay more of the power and grid costs associated with their data centers, potentially complicating expansion plans. Article: Microsoft and Google Face a New Bill as Data Centers Have to Pay Their Own Costs

Amazon.com Profile

(Free Report)

Amazon.com, Inc is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators.

Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.