Rice Partnership LLC Lowers Stock Holdings in Amazon.com, Inc. $AMZN

Rice Partnership LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 22.0% in the 1st quarter, HoldingsChannel reports. The firm owned 85,793 shares of the e-commerce giant’s stock after selling 24,255 shares during the quarter. Amazon.com makes up about 2.4% of Rice Partnership LLC’s holdings, making the stock its 12th biggest holding. Rice Partnership LLC’s holdings in Amazon.com were worth $17,868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cutler Investment Counsel LLC increased its position in shares of Amazon.com by 9.8% during the 1st quarter. Cutler Investment Counsel LLC now owns 14,463 shares of the e-commerce giant’s stock valued at $3,012,000 after purchasing an additional 1,294 shares during the last quarter. MWA Asset Management lifted its position in Amazon.com by 8.9% in the 1st quarter. MWA Asset Management now owns 24,926 shares of the e-commerce giant’s stock worth $5,191,000 after buying an additional 2,046 shares during the last quarter. Alpha Zero LLC lifted its position in Amazon.com by 2.6% in the 1st quarter. Alpha Zero LLC now owns 9,836 shares of the e-commerce giant’s stock worth $2,049,000 after buying an additional 247 shares during the last quarter. Maimon Wealth Management LTD. boosted its stake in Amazon.com by 12.4% in the first quarter. Maimon Wealth Management LTD. now owns 2,583 shares of the e-commerce giant’s stock worth $519,000 after buying an additional 284 shares in the last quarter. Finally, Titan Global Capital Management USA LLC boosted its stake in Amazon.com by 2.7% in the first quarter. Titan Global Capital Management USA LLC now owns 120,551 shares of the e-commerce giant’s stock worth $25,107,000 after buying an additional 3,221 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS growth and AI demand drove the rally. AWS reportedly posted its fastest growth in 18 quarters, while CEO Matt Garman said demand still significantly exceeds available capacity and is extending into 2028. Analysts also highlighted a reported $496 billion AWS backlog and the potential for AWS to become a $1 trillion revenue business. Amazon Stock Rises as AWS Sees a Major Shift in AI Demand
• Positive Sentiment: Amazon surpassed the $3 trillion market-capitalization milestone. Shares reached a record high as investors became more confident that cloud growth and improving returns on AI infrastructure can justify the company’s large capital-investment program. The milestone strengthened positive sentiment across major AI and cloud stocks. Amazon Enters $3 Trillion Club as AI Optimism Sweeps Through Wall Street
• Positive Sentiment: Wall Street raised its valuation expectations. Multiple analysts increased AMZN price targets after the earnings beat, with bullish commentary emphasizing AWS margins, long-term AI infrastructure demand and growth beyond e-commerce. The broader market rally, falling crude oil prices and lower Treasury yields also supported growth stocks. JPMorgan Raises Amazon Stock Price Target After Earnings
• Neutral Sentiment: AWS announced a multiyear collaboration with Superblocks to offer secure enterprise AI application development through Amazon Bedrock. The agreement supports AWS’s competitive positioning, but its near-term financial impact was not disclosed. Superblocks and AWS Announce Strategic Collaboration
• Negative Sentiment: Investors remain concerned about the cost of the AI expansion. Amazon raised projected 2026 capital spending by roughly $20 billion, with total AI and data-center investment discussed at more than $220 billion. Debt has also increased, raising questions about financing, free cash flow and the timing of returns. Amazon Raised 2026 CapEx by $20 Billion
• Negative Sentiment: Amazon faces consumer lawsuits concerning alleged toxic heavy metals in protein powder and seafood sustainability claims. These matters appear unlikely to drive the current move, but they add potential legal, reputational and compliance risk. Amazon Sued Over Protein Powder Allegations

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $239.77, for a total value of $239,770.00. Following the completion of the sale, the chief executive officer owned 484,527 shares in the company, valued at approximately $116,175,038.79. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 76,867 shares of company stock valued at $20,253,702 over the last ninety days. Corporate insiders own 8.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. BNP Paribas Exane lifted their price target on shares of Amazon.com from $320.00 to $345.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. UBS Group set a $318.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $335.00 price objective (up from $330.00) on shares of Amazon.com in a research note on Friday. Stifel Nicolaus set a $319.00 target price on shares of Amazon.com and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Arete Research lifted their target price on shares of Amazon.com from $301.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Fifty-six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $322.56.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $284.02 on Tuesday. The firm has a market cap of $3.06 trillion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 2.01 and a beta of 1.45. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $287.20. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $246.05 and its two-hundred day simple moving average is $236.44.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 7.84 EPS for the current year.

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.