Lewis Asset Management LLC Has $7.96 Million Stock Holdings in Amazon.com, Inc. $AMZN

Lewis Asset Management LLC lowered its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,465 shares of the e-commerce giant’s stock after selling 3,575 shares during the period. Amazon.com comprises about 3.2% of Lewis Asset Management LLC’s portfolio, making the stock its 4th largest holding. Lewis Asset Management LLC’s holdings in Amazon.com were worth $7,955,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AMZN. Norges Bank bought a new position in Amazon.com in the second quarter valued at $27,438,011,000. Nuveen LLC bought a new position in Amazon.com in the first quarter valued at $11,674,091,000. Laurel Wealth Advisors LLC grew its position in Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant’s stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Amazon.com by 11.3% in the 3rd quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant’s stock valued at $20,702,362,000 after acquiring an additional 9,583,217 shares during the period. Institutional investors own 72.20% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Broader market tailwind — tech names rallied after a U.S. ceasefire/ Iran‑tension easing headline, lifting Amazon alongside other Magnificent Seven stocks; this helped push momentum back above technical levels. Alphabet, Meta, Amazon, Nvidia lead tech rally after Trump announces ceasefire with Iran
• Positive Sentiment: Analyst upgrades/targets — Cantor Fitzgerald raised its price target to $260 (overweight) and Moffett Nathanson boosted its target to $288 (buy), supporting upside expectations from Wall Street. Benzinga price target note Moffett Nathanson price target raise
• Positive Sentiment: AWS commercial traction — Uber is expanding use of AWS Graviton/Trainium chips, showing demand for Amazon’s custom silicon and cloud stack that support higher‑margin services. This validates monetization of AI workloads on AWS. Uber is the latest to be won over by Amazon’s AI chips
• Positive Sentiment: Logistics stability — Amazon and USPS reached a deal that keeps ~80% of current USPS package volume, reducing near‑term delivery disruption risk and preserving a major logistics channel. That eases execution concerns around last‑mile costs. Amazon and U.S. Postal Service Reach New Deal on Deliveries After Year of Talks
• Neutral Sentiment: Analyst/Investor debate on AI capex — Several notes argue AI capex concerns are overdone and that backlog, revenue per employee and AWS demand justify spending; this supports a longer‑term bull case but leaves near‑term margin pressure debated. Analysts confident in Amazon.com’s scale
• Neutral Sentiment: Potential strategic moves — Market chatter about a possible Globalstar deal (satellite push) could be a re‑rating catalyst if executed and clearly explained, but it also carries execution and valuation risk. Investors are watching for details. Could Globalstar Be the Missing Spark the Stock Needs?
• Negative Sentiment: Legal risk — High‑profile creators (YouTubers) have sued Amazon, alleging scraped content was used to train video AI, introducing potential litigation and reputational risk around AI training/data practices. YouTubers Sue Amazon, Claim AI Tool Was Trained on Scraped Videos
• Negative Sentiment: Product & operational friction — Amazon will end support for pre‑2012 Kindles (customer backlash risk), and AWS experienced disruptions after drone strikes in Middle East data centers — both highlight operational/PR risks investors monitor. Amazon to end support for older Kindle devices AWS teams working around the clock after drone strikes

Amazon.com Stock Performance

NASDAQ AMZN opened at $221.25 on Thursday. The firm has a 50-day moving average of $212.14 and a 200-day moving average of $223.98. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05. The stock has a market cap of $2.38 trillion, a PE ratio of 30.86, a P/E/G ratio of 1.57 and a beta of 1.38. Amazon.com, Inc. has a 52-week low of $165.29 and a 52-week high of $258.60.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 EPS. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMZN. Wall Street Zen downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. BMO Capital Markets reissued an “outperform” rating and issued a $310.00 price objective (up from $304.00) on shares of Amazon.com in a research report on Tuesday, February 3rd. Oppenheimer set a $260.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research report on Friday, February 6th. Maxim Group lifted their price objective on shares of Amazon.com from $280.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Cantor Fitzgerald lifted their price objective on shares of Amazon.com from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $287.39.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 10,649 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 17,751 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the sale, the chief executive officer owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 72,686 shares of company stock worth $14,899,239 in the last quarter. 9.70% of the stock is owned by corporate 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.