Truist Financial Corp trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,376,595 shares of the e-commerce giant’s stock after selling 11,306 shares during the quarter. Amazon.com accounts for approximately 1.3% of Truist Financial Corp’s holdings, making the stock its 11th biggest holding. Truist Financial Corp’s holdings in Amazon.com were worth $960,969,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Fairway Wealth LLC lifted its position in shares of Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 60 shares during the period. Sellwood Investment Partners LLC purchased a new position in shares of Amazon.com during the third quarter valued at about $27,000. Cooksen Wealth LLC raised its stake in Amazon.com by 23.5% in the second quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after buying an additional 47 shares in the last quarter. PayPay Securities Corp lifted its holdings in Amazon.com by 62.3% in the third quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant’s stock worth $55,000 after buying an additional 96 shares during the period. Finally, Access Investment Management LLC purchased a new stake in Amazon.com in the second quarter worth about $74,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer directly owned 6,273 shares of the company’s stock, valued at $1,360,613.70. The trade was a 73.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 42,377 shares of company stock valued at $9,236,277. 10.80% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Read Our Latest Report on Amazon.com
Amazon.com Stock Up 1.2%
NASDAQ:AMZN opened at $201.15 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The firm has a market cap of $2.16 trillion, a P/E ratio of 28.05, a P/E/G ratio of 1.27 and a beta of 1.37. Amazon.com, Inc. has a fifty-two week low of $161.38 and a fifty-two week high of $258.60. The firm has a 50-day simple moving average of $229.59 and a two-hundred day simple moving average of $228.48.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $213.39 billion for the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 EPS. Analysts predict 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: Technicals & analyst support suggest a rebound opportunity — a MarketBeat piece argues AMZN is extremely oversold (RSI at multi‑year lows) while many analysts remain bullish on AWS and name large upside targets, which can attract bargain hunters and cover shorts. Amazon Erases a Year of Gains—2 Reasons the Market’s Wrong
- Positive Sentiment: AWS ecosystem momentum: Tealium earned an AWS Generative AI competency, reinforcing demand for AWS GenAI services and partner integrations — a tailwind for AWS revenue and enterprise credibility. PurpleRidge Launches Automated AWS Account Audit to Stop “8-Minute” AI-Assisted Cloud Attacks
- Positive Sentiment: Retail expansion: Amazon proposed a second big‑box store in the Chicago suburbs — incremental retail footprint growth that supports longer‑term retail/OMO strategy. Amazon Plans Second Big-Box Store Near Chicago
- Neutral Sentiment: Derivatives & income strategies: One‑month puts at strikes below current levels are showing high yields after the pullback — this can encourage income buyers or put sellers who may provide price support. Amazon Put Options at Lower Strike Prices Have High Yields
- Neutral Sentiment: Analyst consensus remains constructive: aggregated ratings show a “Moderate Buy” consensus, which helps underpin investor confidence even amid volatility. Amazon.com, Inc. (NASDAQ:AMZN) Given Consensus Rating of “Moderate Buy” by Analysts
- Negative Sentiment: Large institutional selling: Berkshire’s 13F shows a steep reduction in AMZN (sold ~77% of its stake), a high‑profile exit that increases headline risk and may pressure sentiment. Berkshire & AI Hyperscalers: Buffett Holds GOOGL, Dumps AMZN
- Negative Sentiment: Hedge fund trimming: David Tepper’s Appaloosa trimmed Amazon while rotating into other names (a sign some funds are taking profits), adding to selling pressure. David Tepper’s Appaloosa Ups Micron Stake By 250%, Trims Nvidia And Amazon
- Negative Sentiment: Project cancellation & AI‑spend scrutiny: Amazon halted the “Blue Jay” warehouse robot project (cost/complexity cited) and the broader market remains worried about Amazon’s $200B AI/CapEx plan — both factors have pressured the stock amid a sector‑wide AI‑spend valuation reset. Amazon pulls the plug on ‘Blue Jay’ warehouse robot after only a few months
Amazon.com 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.
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