Chevy Chase Trust Holdings LLC Has $1.35 Billion Stock Position in Amazon.com, Inc. $AMZN

Chevy Chase Trust Holdings LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,129,076 shares of the e-commerce giant’s stock after selling 27,578 shares during the quarter. Amazon.com accounts for 3.7% of Chevy Chase Trust Holdings LLC’s holdings, making the stock its 4th biggest holding. Chevy Chase Trust Holdings LLC owned 0.06% of Amazon.com worth $1,345,761,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Community Bank N.A. lifted its holdings in shares of Amazon.com by 5.0% during the third quarter. Community Bank N.A. now owns 43,503 shares of the e-commerce giant’s stock worth $9,552,000 after buying an additional 2,087 shares in the last quarter. Clark Capital Management Group Inc. grew its stake in shares of Amazon.com by 6.0% in the third quarter. Clark Capital Management Group Inc. now owns 648,943 shares of the e-commerce giant’s stock valued at $142,489,000 after acquiring an additional 36,729 shares in the last quarter. Clearline Capital LP grew its stake in shares of Amazon.com by 199.5% in the third quarter. Clearline Capital LP now owns 93,973 shares of the e-commerce giant’s stock valued at $20,634,000 after acquiring an additional 62,600 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in Amazon.com by 25.7% during the third quarter. Ausdal Financial Partners Inc. now owns 86,360 shares of the e-commerce giant’s stock worth $18,962,000 after acquiring an additional 17,672 shares during the period. Finally, Axiom Financial Strategies LLC increased its position in Amazon.com by 9.1% during the third quarter. Axiom Financial Strategies LLC now owns 1,237 shares of the e-commerce giant’s stock worth $272,000 after acquiring an additional 103 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of recent research reports. Maxim Group boosted their price objective on shares of Amazon.com from $280.00 to $290.00 and gave the company a “buy” rating in a report on Friday, February 6th. Argus reaffirmed a “buy” rating and set a $325.00 target price on shares of Amazon.com in a report on Friday, February 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $310.00 price target (up from $304.00) on shares of Amazon.com in a research report on Tuesday, February 3rd. Barclays reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, February 6th. Finally, Piper Sandler restated an “overweight” rating and set a $260.00 price objective (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $286.93.

Amazon.com Stock Performance

NASDAQ AMZN opened at $207.67 on Monday. The firm’s 50 day simple moving average is $222.93 and its 200 day simple moving average is $226.67. The firm has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 28.96, a P/E/G ratio of 1.56 and a beta of 1.40. 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 1 year low of $161.38 and a 1 year high of $258.60.

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

More Amazon.com News

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

• Positive Sentiment: AWS partners with Cerebras to speed AI inference, which could improve Bedrock performance, lower customer costs and help AWS compete vs. Nvidia — a potential long‑term revenue/margin positive for Amazon’s cloud business. Cerebras Systems, Amazon strike deal to offer Cerebras AI chips on Amazon’s cloud
• Positive Sentiment: Amazon splits out a paid “Ultra” Prime Video tier and hikes the ad‑free price — a direct, near‑term revenue boost from higher subscription ARPU that supports monetization of Prime streaming. Amazon to hike price of ad-free Prime Video tier by $2 a month
• Positive Sentiment: Luxembourg court vacated a record €746M privacy fine and ordered a reassessment, removing a large regulatory overhang for Amazon in Europe. Win for Amazon as Luxembourg court scraps record $854 million privacy fine
• Positive Sentiment: Wall Street remains constructive: analysts have reiterated buys and some raised price targets (e.g., Wolfe/Evercore), which can support the stock amid the pullback narrative. Amazon Is Rising While the Market Falls—Here’s Why
• Neutral Sentiment: Amazon is reportedly moving Prime Day earlier to late June — timing and promotional cadence can affect quarterly sales mix but is not a clear positive/negative until details and vendor economics are known. Amazon plans to move Prime Day event to June from July, Bloomberg News reports
• Negative Sentiment: Amazon closed a massive multi‑tranche corporate debt offering to fund its AI/capex push — strong demand (reported ~4:1 bids) eases short‑term funding risk but the large debt target and $200B+ capex plan keep investor concerns about near‑term returns and balance‑sheet risk elevated. Amazon Completes Massive Multi-Tranche Corporate Debt Offering
• Negative Sentiment: Legal/tax risk persists: Milan prosecutors have sought trial for Amazon’s European unit and four execs over alleged €1.2B tax evasion — an ongoing legal exposure that could concern investors. Exclusive: Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 bln tax evasion

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the completion of the transaction, the chief executive officer owned 2,238,118 shares of the company’s stock, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.82, for a total value of $1,406,779.70. Following the sale, the chief executive officer owned 522,361 shares of the company’s stock, valued at approximately $107,512,341.02. This represents a 1.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 71,686 shares of company stock worth $14,688,739. 10.80% of the stock is owned by company insiders.

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.