Fisher Funds Management LTD Reduces Stake in Amazon.com, Inc. $AMZN

Fisher Funds Management LTD cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 31.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 693,305 shares of the e-commerce giant’s stock after selling 320,850 shares during the period. Amazon.com makes up approximately 4.0% of Fisher Funds Management LTD’s holdings, making the stock its 3rd biggest position. Fisher Funds Management LTD’s holdings in Amazon.com were worth $152,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Cravens & Co Advisors LLC grew its position in Amazon.com by 10.7% during the third quarter. Cravens & Co Advisors LLC now owns 7,084 shares of the e-commerce giant’s stock worth $1,555,000 after buying an additional 686 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its position in shares of Amazon.com by 41.4% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 90,440 shares of the e-commerce giant’s stock worth $19,858,000 after acquiring an additional 26,502 shares during the period. Nordwand Advisors LLC grew its holdings in shares of Amazon.com by 126.7% during the 3rd quarter. Nordwand Advisors LLC now owns 5,884 shares of the e-commerce giant’s stock worth $1,292,000 after purchasing an additional 3,289 shares in the last quarter. Game Plan Financial Advisors LLC increased its position in shares of Amazon.com by 3.1% during the third quarter. Game Plan Financial Advisors LLC now owns 36,589 shares of the e-commerce giant’s stock valued at $8,034,000 after purchasing an additional 1,094 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in shares of Amazon.com by 7.6% in the third quarter. Verdence Capital Advisors LLC now owns 74,151 shares of the e-commerce giant’s stock valued at $16,830,000 after purchasing an additional 5,231 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMZN shares. Evercore ISI set a $285.00 price target on shares of Amazon.com in a research note on Friday. Bank of America decreased their target price on shares of Amazon.com from $303.00 to $286.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Evercore reissued an “outperform” rating and issued a $285.00 target price (down previously from $335.00) on shares of Amazon.com in a research note on Monday. Cantor Fitzgerald set a $250.00 price target on shares of Amazon.com and gave the stock an “overweight” rating in a research note on Friday. Finally, Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of Amazon.com in a research note on Friday. Fifty-five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $290.28.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the sale, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $233.22, for a total transaction of $583,050.00. Following the completion of the transaction, the chief executive officer directly owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. This represents a 0.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 47,061 shares of company stock worth $10,351,262. 9.70% of the stock is currently owned by insiders.

Amazon.com Stock Down 5.6%

NASDAQ AMZN opened at $210.27 on Friday. The stock’s 50 day simple moving average is $233.50 and its 200 day simple moving average is $229.78. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The firm has a market cap of $2.25 trillion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.39 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80.

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 23.09% and a net margin of 10.83%.The business 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 posted $1.86 EPS. Amazon.com’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS and sales beat/strength — Amazon reported solid Q4 revenue and faster AWS growth, reinforcing the cloud growth thesis. AWS Q4 beat (CNBC)
• Positive Sentiment: Anthropic stake re‑valuation — Amazon’s earlier $8B investment in Anthropic is now being valued much higher (~$60.6B), underlining upside in AI partnerships and non‑core assets. Anthropic valuation (Business Insider)
• Positive Sentiment: Near‑term tax relief improves cash flow — Recent U.S. tax changes materially reduced Amazon’s federal tax cash outlays in 2025, which helps fund heavier capex without a proportional hit to free cash flow. Tax law reduces Amazon tax bill (WSJ)
• Neutral Sentiment: Management stance — CEO Andy Jassy said he’s “confident” the $200B program will deliver attractive returns over time; that defends the strategy but leaves timing/ROIC execution risk. CEO confidence (CNBC)
• Neutral Sentiment: New ad/AI product moves — Amazon is opening ad platform capabilities to AI agents (Ads MCP server beta), which could expand ad monetization but will take time to scale. Ads MCP beta (Newsfile)
• Negative Sentiment: CapEx shock and small EPS miss spooked traders — Amazon guided to roughly $200B in 2026 capex (well above expectations) and reported a slight EPS miss; that combination triggered heavy selling and a sharp gap lower in after‑hours/premarket trading. $200B capex guide (Reuters)
• Negative Sentiment: Regulatory and analyst pushback — Germany’s cartel office banned certain marketplace pricing controls and ordered repayments, adding regulatory risk; several firms also trimmed near‑term targets or flagged margin/cash‑flow risk tied to heavy capex. Germany antitrust (Reuters)

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.