Steinberganna Wealth Management filed a new position in Amazon during the third quarter, acquiring 6,893 shares valued at approximately $1.51 million. This allocation represents roughly 0.7 percent of its total portfolio, making Amazon its 28th largest holding. Other major institutions also increased exposure: Vanguard Group added 17.45 million shares in Q2 (a 2.1 percent boost), State Street lifted its stake by 5.16 million shares (1.4 percent), Geode Capital increased by 3.72 million shares (1.7 percent), and Kingstone Capital Partners Texas expanded by 132.6 million shares (542,733.6 percent). Norges Bank initiated a new position valued at $27.44 billion. Collectively, these investors hold roughly 72.2 percent of Amazon’s outstanding shares.

Director Daniel P. Huttenlocher reduced his holding by selling 1,237 shares for proceeds of $280,317, trimming his stake by 4.5 percent. CEO Andrew R. Jassy disposed of 19,872 shares for net proceeds of $4.31 million, a 0.89 percent reduction in his position. In total, insiders have sold 79,734 shares over the past three months, realizing approximately $18.53 million. Insiders collectively own about 9.7 percent of the company’s equity.

In its latest quarterly report, Amazon delivered earnings per share of $1.95, beating consensus by $0.38, on revenue of $180.17 billion, topping forecasts by $2.64 billion and marking 13.4 percent year-over-year growth. The company posted a net margin of 11.06 percent and a return on equity of 23.62 percent. AWS achieved a $132 billion annual revenue run rate in the quarter. Wall Street analysts have responded by raising price targets—from $250–$260 ranges up to $295–$350—and maintain a consensus “Moderate Buy” rating with an average target near $295.42. Forecasts call for full-year EPS of $6.31, underpinning expectations for continued outperformance.