Wealthspire Advisors LLC Purchases 81,816 Shares of Amazon.com, Inc. $AMZN

Wealthspire Advisors LLC lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 47.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 254,380 shares of the e-commerce giant’s stock after acquiring an additional 81,816 shares during the quarter. Wealthspire Advisors LLC’s holdings in Amazon.com were worth $58,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tillman Hartley LLC grew its stake in shares of Amazon.com by 28.2% during the 4th quarter. Tillman Hartley LLC now owns 7,316 shares of the e-commerce giant’s stock worth $1,689,000 after acquiring an additional 1,610 shares during the period. Columbia Bank grew its stake in shares of Amazon.com by 0.8% during the 4th quarter. Columbia Bank now owns 44,060 shares of the e-commerce giant’s stock worth $10,170,000 after acquiring an additional 329 shares during the period. Gerber Kawasaki Wealth & Investment Management lifted its holdings in Amazon.com by 5.1% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 196,357 shares of the e-commerce giant’s stock worth $45,329,000 after purchasing an additional 9,551 shares in the last quarter. Westchester Capital Management Inc. lifted its holdings in Amazon.com by 5.9% during the 4th quarter. Westchester Capital Management Inc. now owns 41,495 shares of the e-commerce giant’s stock worth $9,578,000 after purchasing an additional 2,315 shares in the last quarter. Finally, Concorde Asset Management LLC lifted its holdings in Amazon.com by 6.5% during the 4th quarter. Concorde Asset Management LLC now owns 7,044 shares of the e-commerce giant’s stock worth $1,626,000 after purchasing an additional 430 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $330.00 price objective (up from $280.00) on shares of Amazon.com in a report on Thursday, April 30th. Evercore raised their price target on Amazon.com from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Bank of America raised their price target on Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $315.00 price target on shares of Amazon.com in a report on Friday, April 10th. Finally, Morgan Stanley raised their price target on Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $312.78.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the transaction, the chief executive officer directly owned 471,361 shares in the company, valued at approximately $129,624,275. This represents a 5.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at $11,060,750.70. This trade represents a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 195,774 shares of company stock valued at $51,614,434 over the last 90 days. Company insiders own 8.90% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $238.55 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.57 trillion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 1.81 and a beta of 1.44. The business’s 50-day moving average price is $253.49 and its 200-day moving average price is $233.62. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon continues to strengthen its AI and cloud position, with reports saying its custom chips are seeing strong demand in AWS and that its growing AI capabilities could help drive long-term upside. Article Title
• Positive Sentiment: Amazon expanded its logistics moat by launching less-than-truckload freight service for all U.S. businesses, which could improve its supply-chain offering and deepen its role in e-commerce infrastructure. Article Title
• Positive Sentiment: Amazon also signed a major patent license agreement with InterDigital covering Prime Video and devices, removing legal uncertainty and reinforcing its streaming and devices ecosystem. Article Title
• Neutral Sentiment: Analysts and commentators remain constructive on Amazon’s long-term fundamentals, pointing to e-commerce efficiency, AWS AI dominance, and potential value in its Anthropic investment, but these are more long-term catalysts than immediate trading drivers. Article Title
• Negative Sentiment: Investors are worried about Amazon’s heavy AI capital spending and new borrowing, which may pressure margins and free cash flow before the payback shows up. Article Title
• Negative Sentiment: Broader market pieces note that Amazon has lagged the S&P 500 recently and that its valuation has been hit by concerns over capex and softer near-term sentiment. Article Title

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.