McMillan Office Inc. Has $30.44 Million Holdings in Amazon.com, Inc. $AMZN

McMillan Office Inc. grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 3.4% during the first quarter, Holdings Channel.com reports. The firm owned 146,153 shares of the e-commerce giant’s stock after acquiring an additional 4,820 shares during the period. Amazon.com accounts for about 3.9% of McMillan Office Inc.’s portfolio, making the stock its 7th largest position. McMillan Office Inc.’s holdings in Amazon.com were worth $30,439,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. MilWealth Group LLC raised its position in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. bought a new stake in shares of Amazon.com during the fourth quarter worth $45,000. Elkhorn Partners Limited Partnership raised its position in shares of Amazon.com by 900.0% during the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 180 shares during the last quarter. Fairway Wealth LLC lifted its stake in shares of Amazon.com by 95.6% during the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. boosted its holdings in Amazon.com by 87.7% in the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Key Amazon.com News

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

• Positive Sentiment: Needham reiterated a Buy rating and $300 price target on Amazon, signaling continued optimism ahead of earnings. Wall Street analyst updates Amazon stock price target
• Positive Sentiment: TD Cowen said Amazon’s accelerating AWS cloud business should help deliver strong second-quarter results, reinforcing the core growth story. Amazon’s accelerating cloud business to deliver strong Q2—TD Cowen
• Positive Sentiment: Amazon is expanding its AI and infrastructure footprint, including reports that it has enough satellites in orbit to begin rolling out Amazon Leo broadband and is deepening AWS security offerings in Europe. Amazon.com (AMZN) A Top AI Stock on Wall Street Radar Pursuing Broadband Service Opportunities
• Neutral Sentiment: Amazon’s exposure to Anthropic and broader AI infrastructure spending continues to be viewed as a long-term growth lever, but it also highlights how much the stock is being tied to the success of the AI boom. Want Anthropic Exposure Before the IPO? These 2 AI Giants Are Already There
• Negative Sentiment: The new bond sale and broader AI capex push are raising concerns about leverage, future borrowing costs, and the timeline for returns, especially as some investors question whether the AI spend is becoming excessive. Amazon’s $25 billion ‘surprise’ bond sale dangled extra yield…
• Negative Sentiment: Reports of insider selling and a cooler tone in tech sentiment are adding to the pressure on the shares near term. Amazon (AMZN) Stock Rises as It Taps Debt Market for $25 Billion AI Push

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $239.77, for a total transaction of $239,770.00. Following the transaction, the chief executive officer directly owned 484,527 shares in the company, valued at approximately $116,175,038.79. The trade was a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 worth $51,643,704 in the last three months. 8.90% of the stock is owned by insiders.

Amazon.com Stock Down 1.0%

Shares of NASDAQ:AMZN opened at $243.62 on Thursday. The company has a 50 day moving average price of $253.64 and a two-hundred day moving average price of $235.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The company has a market capitalization of $2.62 trillion, a PE ratio of 29.14, a PEG ratio of 1.83 and a beta of 1.46. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. During the same period last year, the firm posted $1.59 earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 7.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating and set a $315.00 price objective (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. China Renaissance lifted their price target on shares of Amazon.com from $300.00 to $326.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. UBS Group set a $315.00 price objective on shares of Amazon.com in a report on Monday, June 1st. Oppenheimer lifted their target price on shares of Amazon.com from $275.00 to $320.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a research note 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 company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $312.62.

Amazon.com 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.