Steinberganna Wealth Management initiated a new position in Amazon.com during the third quarter, acquiring 6,893 shares valued at approximately $1.513 million. This stake now represents 0.7% of the firm’s overall portfolio, making it its 28th largest holding. In the same period, Vanguard Group increased its Amazon holdings by 2.1%, adding 17.45 million shares to reach a total of 849.72 million, while State Street boosted its stake by 1.4% through the acquisition of 5.16 million shares, bringing its total to 374.10 million shares. Geode Capital Management added 3.72 million shares (a 1.7% increase), reaching 216.72 million shares, and Kingstone Capital Partners Texas dramatically raised its position by 542,734%—acquiring 132.62 million shares to hold 132.64 million in total. Norges Bank also entered with a new position valued at $27.44 billion, contributing to an aggregate 72.2% of Amazon’s shares being held by institutional investors and hedge funds.

During November, two senior executives reduced their Amazon holdings. Director Daniel P. Huttenlocher sold 1,237 shares at an average of $226.61 per share for proceeds of $280,317, reducing his position by 4.52% to 26,148 shares. Chief Executive Officer Andrew R. Jassy sold 19,872 shares at an average of $216.94 per share, netting $4.31 million and trimming his stake by 0.89% to 2,208,310 shares. In total, insiders have sold 79,734 shares worth $18.53 million over the past three months, representing 9.70% of the company’s outstanding shares.

In its latest quarterly report, Amazon delivered adjusted earnings of $1.95 per share, surpassing consensus estimates by $0.38, on revenues of $180.17 billion, up 13.4% year-over-year and exceeding forecasts by $2.64 billion. The company achieved a net margin of 11.06% and a return on equity of 23.62%. Its balance sheet remains solid, with a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. Consensus projections call for full-year earnings of $6.31 per share.

Wall Street sentiment remains bullish, with one strategist assigning a Strong Buy, 54 issuing Buy ratings and four assigning Hold, yielding a consensus Moderate Buy. The average price target stands at $295.42, implying upside potential of over 20% from current levels. Recent upgrades include price objective increases from $265 to $300 by DA Davidson, $250 to $270 by Roth MKM, $260 to $295 by Benchmark, and $340 to $350 by New Street Research, reflecting optimism around sustainable revenue growth in e-commerce, cloud services and artificial intelligence deployments.