In the third quarter of 2025, Amazon reported net sales of $180.2 billion, a 13 percent increase year-over-year, driven by robust demand across e-commerce, advertising and cloud services. AWS re-accelerated growth, while the company’s proprietary AI infrastructure — including custom Graviton CPUs and Trainium inference accelerators — supported both internal workloads and external customer deployments. Aggressive capital expenditures for AI data centers were underpinned by trailing twelve-month operating cash flow of $130.7 billion, enabling expansion of high-margin services and custom silicon initiatives without straining the balance sheet.

During Q3, Riverbridge Partners LLC reduced its Amazon stake by 3.3 percent, selling 21,252 shares to end the quarter with 632,358 shares — the firm’s tenth largest holding, representing 2.3 percent of its portfolio. Meanwhile, Mad River Investors initiated a new position of 3,400 shares valued at approximately $747,000, making Amazon its 20th largest holding. J2 Capital Management trimmed its position by 68.7 percent, liquidating 4,204 shares to leave 1,918 shares on the books. Collectively, institutional investors and hedge funds maintain approximately 72.2 percent ownership of Amazon’s outstanding shares.

Over the past quarter, Amazon insiders sold a total of 82,234 shares, generating proceeds of $19.1 million, with CEO Douglas J. Herrington and CEO Andrew R. Jassy accounting for a combined 22,372 shares sold. Despite these sales, insiders still hold 9.7 percent of outstanding shares. On the research front, two firms have assigned a ‘strong buy’ rating, fifty-six have a ‘buy’ rating and three have ‘hold,’ resulting in a consensus rating of ‘moderate buy.’ Average annual earnings per share are projected at $6.31 for the current fiscal year, while return on equity stood at 23.6 percent in Q3, reflecting strong profitability against revenue growth of 13.4 percent.