Cullinan Associates Inc. Cuts Stock Position in Amazon.com, Inc. $AMZN

Posted by ABMN Staff on Jan 31st, 2026

Cullinan Associates Inc. lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 10.8% during the third quarter, Holdings Channel reports. The institutional investor owned 113,393 shares of the e-commerce giant’s stock after selling 13,700 shares during the quarter. Amazon.com comprises approximately 1.6% of Cullinan Associates Inc.’s investment portfolio, making the stock its 15th largest holding. Cullinan Associates Inc.’s holdings in Amazon.com were worth $24,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC boosted its stake in Amazon.com by 2.4% in the 3rd quarter. Ashton Thomas Securities LLC now owns 38,683 shares of the e-commerce giant’s stock worth $8,495,000 after purchasing an additional 916 shares in the last quarter. Jacobsen Capital Management increased its holdings in shares of Amazon.com by 2.7% in the third quarter. Jacobsen Capital Management now owns 18,920 shares of the e-commerce giant’s stock valued at $4,154,000 after purchasing an additional 504 shares during the period. Pullen Investment Management LLC purchased a new position in shares of Amazon.com in the third quarter worth about $659,000. LVZ Inc. lifted its holdings in shares of Amazon.com by 2.0% during the third quarter. LVZ Inc. now owns 13,068 shares of the e-commerce giant’s stock worth $2,869,000 after purchasing an additional 261 shares during the period. Finally, Cooper Capital Advisors LLC boosted its position in Amazon.com by 3.2% in the third quarter. Cooper Capital Advisors LLC now owns 28,897 shares of the e-commerce giant’s stock valued at $6,345,000 after buying an additional 890 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $239.30 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $258.60. The stock has a 50-day moving average of $233.50 and a 200 day moving average of $229.64. The stock has a market capitalization of $2.56 trillion, a price-to-earnings ratio of 33.80, a PEG ratio of 1.51 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the company posted $1.43 EPS. The business’s quarterly revenue was up 13.4% on a year-over-year basis. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 17,768 shares of Amazon.com stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $216.90, for a total value of $3,853,879.20. Following the sale, the chief executive officer owned 6,273 shares in the company, valued at $1,360,613.70. This trade represents a 73.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.94, for a total transaction of $4,311,031.68. Following the sale, the chief executive officer directly owned 2,208,310 shares of the company’s stock, valued at $479,070,771.40. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 49,561 shares of company stock valued at $10,989,862. Insiders own 9.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AMZN. Maxim Group lifted their price objective on shares of Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Jefferies Financial Group restated a “buy” rating and set a $300.00 target price (up from $275.00) on shares of Amazon.com in a research report on Monday, January 5th. BNP Paribas Exane started coverage on shares of Amazon.com in a report on Monday, November 24th. They issued an “outperform” rating on the stock. Sanford C. Bernstein set a $300.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, DA Davidson upped their target price on Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $295.91.

Check Out Our Latest Analysis on Amazon.com

Amazon.com News Summary

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

Positive Sentiment: Amazon is reportedly in talks to invest up to $50 billion in OpenAI — a deal that would deepen Amazon’s AI relationships, drive AWS capacity demand and signal leadership in the AI era; this is being read as a long‑term growth catalyst. Amazon in Talks to Invest Up to $50 Billion in OpenAI
Positive Sentiment: Analysts and big managers remain supportive — Telsey Advisory reiterated an “outperform” rating with a $300 price target and Tsai Capital highlighted AMZN as a high‑conviction idea, both underpinning bullish investor sentiment. Telsey Reaffirms Outperform on Amazon
Positive Sentiment: AWS continues to land enterprise deals and collaborations (example: NTT DATA strategic agreement), which supports recurring cloud revenue growth independent of retail cycles. NTT DATA Signs Strategic Collaboration Agreement with AWS
Neutral Sentiment: Amazon is closing its Go and Fresh physical stores and refocusing grocery around online/Whole Foods — a strategic retrenchment that cuts cash burn but reduces brick‑and‑mortar exposure. Amazon is closing its futuristic Go and Fresh stores
Neutral Sentiment: Macro/sector context: Microsoft’s post‑earnings pullback highlights hyperscaler valuation sensitivity — investors may reprice capital‑intensive AI buildouts, a theme that affects AMZN too. Microsoft Drops After Earnings—Why the Bull Case Holds
Negative Sentiment: Amazon announced further mass layoffs (about 16,000 corporate roles total; ~1,400 in Seattle, 700 in Bellevue) — cost savings can boost margins but large cuts raise execution, morale and public‑relations risks. Amazon Job Cuts Deliver Another Blow to Seattle Area’s Tech Workforce
Negative Sentiment: Reputational/regulatory risk: reports that Amazon’s AI training datasets contained high volumes of illegal/abusive content could prompt compliance costs, scrutiny, or slower AI rollouts. Amazon Stock Falls as AI Training Data Reveals “High Volume” of Child Abuse Content
Negative Sentiment: Some large investors have trimmed AMZN positions (reports of Viking/other manager selling), and Bank of America recently lowered its price target — signals that institutional positioning may be shifting and could pressure near‑term sentiment. Billionaire Ole Andreas Halvorsen Dumped His Stakes in Nvidia and Amazon Bank of America Lowers Amazon Price Target

About Amazon.com

(Free Report)

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.