Keybank National Association OH Sells 11,336 Shares of Amazon.com, Inc. $AMZN

Keybank National Association OH reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,079,223 shares of the e-commerce giant’s stock after selling 11,336 shares during the period. Amazon.com comprises about 2.5% of Keybank National Association OH’s investment portfolio, making the stock its 7th biggest holding. Keybank National Association OH’s holdings in Amazon.com were worth $710,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aries Wealth Management raised its holdings in shares of Amazon.com by 0.4% in the 4th quarter. Aries Wealth Management now owns 42,922 shares of the e-commerce giant’s stock worth $9,907,000 after purchasing an additional 154 shares in the last quarter. Valued Wealth Advisors LLC lifted its stake in Amazon.com by 22.7% during the fourth quarter. Valued Wealth Advisors LLC now owns 1,835 shares of the e-commerce giant’s stock valued at $424,000 after purchasing an additional 339 shares during the last quarter. American Capital Advisory LLC lifted its stake in Amazon.com by 27.2% during the fourth quarter. American Capital Advisory LLC now owns 10,280 shares of the e-commerce giant’s stock valued at $2,373,000 after purchasing an additional 2,199 shares during the last quarter. Carrera Capital Advisors lifted its stake in Amazon.com by 11.1% during the fourth quarter. Carrera Capital Advisors now owns 8,827 shares of the e-commerce giant’s stock valued at $2,037,000 after purchasing an additional 880 shares during the last quarter. Finally, Skylands Capital LLC lifted its stake in Amazon.com by 16.8% during the fourth quarter. Skylands Capital LLC now owns 13,875 shares of the e-commerce giant’s stock valued at $3,203,000 after purchasing an additional 2,000 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Wall Street commentary stayed constructive, with multiple reports highlighting AWS strength, AI-driven demand, and a bullish case for Amazon to keep compounding earnings and margins. Why Wall Street Thinks Amazon Stock Can Rally 40% to $370
• Positive Sentiment: Bank of America said Amazon’s new Alexa for Shopping could become a long-term retail growth driver and help defend its e-commerce position against AI competitors. Amazon’s Alexa for Shopping seen driving long-term retail growth
• Positive Sentiment: Analysts and market coverage continued to frame Amazon as a leading AI beneficiary, with fresh pieces pointing to AWS, Trainium chips, and orbit/connectivity ambitions as additional growth levers. Amazon Accelerates Orbital Connectivity & AWS Ambitions – Reiterate Buy
• Positive Sentiment: Top investors were also cited as buying or holding Amazon, including Bill Ackman’s larger position, which may be adding to sentiment around the stock. Billionaire Bill Ackman Piled Into Amazon and Microsoft
• Neutral Sentiment: Amazon won a court ruling rejecting a tariff-evasion claim, removing a legal overhang, but it is more of a cleanup item than a major new catalyst. Amazon.com defeats appeal claiming it aided tariff evasion
• Neutral Sentiment: Several insiders, including executives, sold shares under pre-arranged plans; this usually does not signal a change in fundamentals, but it can temper enthusiasm. Amazon insider trades
• Negative Sentiment: Amazon is also facing fresh criticism and policy risk tied to AI energy use, climate goals, and Canadian streaming/content regulation affecting large online platforms. Shareholders Press Big Tech Over AI Energy Use and Climate Goals

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the sale, the chief executive officer owned 2,175,766 shares in the company, valued at $598,335,650. This trade represents a 1.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 10,649 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at $8,461,661.70. This trade represents a 20.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 201,026 shares of company stock worth $49,128,874. Corporate insiders own 8.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on AMZN shares. Guggenheim reissued a “buy” rating and set a $320.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Monday, May 4th. Piper Sandler reissued an “overweight” rating and issued a $315.00 target price (up from $260.00) on shares of Amazon.com in a research report on Thursday, April 30th. Robert W. Baird lifted their target price on shares of Amazon.com from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Maxim Group lifted their target price on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $312.66.

Amazon.com Stock Performance

AMZN stock opened at $268.46 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.89 trillion, a price-to-earnings ratio of 32.11, a P/E/G ratio of 1.98 and a beta of 1.46. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The firm has a 50 day moving average of $238.43 and a two-hundred day moving average of $231.62.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

About Amazon.com

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.