Amazon.com, Inc. $AMZN Stock Position Reduced by Chemung Canal Trust Co.

Chemung Canal Trust Co. decreased its position in Amazon.com, Inc. (NASDAQ:AMZN) by 7.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,200 shares of the e-commerce giant’s stock after selling 4,359 shares during the quarter. Amazon.com accounts for approximately 2.2% of Chemung Canal Trust Co.’s holdings, making the stock its 11th largest position. Chemung Canal Trust Co.’s holdings in Amazon.com were worth $10,872,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AMZN. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $32,868,735,000. Auto Owners Insurance Co grew its position in shares of Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock valued at $2,272,397,000 after buying an additional 98,090,585 shares during the last quarter. J. Stern & Co. LLP grew its position in shares of Amazon.com by 20,598.0% during the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after buying an additional 87,557,736 shares during the last quarter. Nuveen LLC acquired a new stake in Amazon.com during the first quarter worth about $11,674,091,000. Finally, Cardano Risk Management B.V. raised its stake in Amazon.com by 879.4% during the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock worth $6,431,199,000 after acquiring an additional 25,017,588 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of research reports. Arete Research lifted their target price on Amazon.com from $301.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Weiss Ratings upgraded Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. BNP Paribas Exane raised their price target on Amazon.com from $320.00 to $345.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Evercore raised their price target on Amazon.com from $285.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Citizens Jmp restated a “market outperform” rating and set a $315.00 price objective on shares of Amazon.com in a research report on Friday, April 10th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $312.79.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $244.16 on Tuesday. The firm’s 50 day moving average is $254.57 and its two-hundred day moving average is $234.65. The firm has a market capitalization of $2.63 trillion, a P/E ratio of 29.21, a PEG ratio of 1.81 and a beta of 1.46. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 7.75 earnings per share for the current year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon Web Services is said to be doubling down on enterprise AI by investing $1 billion in forward-deployed engineers, a move that could deepen customer relationships and boost AWS revenue growth.
• Positive Sentiment: Analysts and market commentary remain upbeat on Amazon’s AI and cloud strategy, including its Trainium chips and broader hyperscaler positioning, which could improve margins and strengthen Amazon’s long-term competitive moat.
• Positive Sentiment: One report argued that Amazon’s reported Anthropic stake could become a major hidden value driver if the AI company moves toward an IPO, potentially creating a large paper windfall for Amazon shareholders. Article Title
• Positive Sentiment: Coverage around Amazon’s own custom-silicon push suggested Trainium and Inferentia adoption is accelerating, with customer demand for AI infrastructure reinforcing the case for AWS growth and potential margin expansion. Article Title
• Neutral Sentiment: Several articles reiterated that Amazon is still a top long-term growth stock, but much of that discussion was valuation-focused rather than tied to a fresh operational catalyst.
• Neutral Sentiment: Amazon also appeared in stories about back-to-school promotions and international platform use, which are positive for visibility but not likely to be major stock movers on their own.
• Negative Sentiment: Some coverage noted intensifying competition in e-commerce from lower-cost shopping platforms and broader concerns about consumer spending, which could pressure retail growth if it persists.
• Negative Sentiment: There were also reminders that Amazon’s heavy capex spending and ongoing insider sales may keep some investors cautious, even if those signals are not necessarily a change in the company’s fundamentals.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the transaction, the chief executive officer directly owned 14,159 shares in the company, valued at $3,729,480.60. This trade represents a 52.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 195,774 shares of company stock worth $51,643,704 over the last ninety days. 8.90% of the stock is currently 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.