Harbor Investment Advisory LLC lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 230,906 shares of the e-commerce giant’s stock after selling 78,791 shares during the period. Amazon.com accounts for about 3.8% of Harbor Investment Advisory LLC’s investment portfolio, making the stock its 4th biggest holding. Harbor Investment Advisory LLC’s holdings in Amazon.com were worth $48,091,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the stock. Johnson Wealth Management LLC lifted its position in shares of Amazon.com by 8.8% during the 1st quarter. Johnson Wealth Management LLC now owns 3,486 shares of the e-commerce giant’s stock valued at $726,000 after buying an additional 282 shares in the last quarter. St. Clair Advisors LLC grew its stake in shares of Amazon.com by 4.8% during the 1st quarter. St. Clair Advisors LLC now owns 14,163 shares of the e-commerce giant’s stock valued at $2,950,000 after acquiring an additional 649 shares during the period. Lighthouse Wealth Management Inc. increased its holdings in Amazon.com by 4.8% in the 1st quarter. Lighthouse Wealth Management Inc. now owns 2,777 shares of the e-commerce giant’s stock worth $578,000 after acquiring an additional 128 shares in the last quarter. KOM Wealth Management Group LLC raised its stake in Amazon.com by 36.0% during the 1st quarter. KOM Wealth Management Group LLC now owns 1,829 shares of the e-commerce giant’s stock worth $381,000 after acquiring an additional 484 shares during the period. Finally, Financial & Tax Architects LLC raised its stake in Amazon.com by 4.7% during the 1st quarter. Financial & Tax Architects LLC now owns 11,178 shares of the e-commerce giant’s stock worth $2,328,000 after acquiring an additional 503 shares during the period. Institutional investors own 72.20% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. UBS Group set a $315.00 price target on shares of Amazon.com in a research report on Monday, June 1st. Susquehanna reaffirmed a “positive” rating and issued a $325.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Royal Bank Of Canada reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, June 16th. Stifel Nicolaus set a $319.00 price objective on Amazon.com and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Thursday, June 18th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $312.79.
Amazon.com News Summary
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Bank of America raised its price target on Amazon and kept a Buy rating, citing improving domestic sales trends and stronger momentum in the company’s core businesses. BofA Raises its Price Target on Amazon.com (AMZN)
- Positive Sentiment: BNP Paribas said Amazon’s valuation looks attractive ahead of Q2 earnings and maintained an Outperform rating, reinforcing optimism that the company can deliver solid cloud and retail results. Amazon’s Valuation Looks Attractive Ahead of Earnings: Analyst
- Positive Sentiment: Analysts and recent coverage continue to frame Amazon as a key AI winner, with AWS, custom chips, and related infrastructure spending seen as important long-term growth drivers. Debt Raise Is a Positive Signal for Amazon Stock, Says Needham
- Positive Sentiment: Amazon completed a $24.9 billion long-term bond sale to help fund AI infrastructure, which investors are treating as evidence that management is aggressively investing to extend AWS’s competitive edge. Amazon Issues $24.9 Billion in Long-Term Notes
- Neutral Sentiment: Commentary on Amazon’s AI shopping, Alexa, and broadband initiatives adds to the long-term growth narrative, but these stories are not immediate earnings drivers. Amazon and Walmart’s AI Shopping Race Is Now a Battle for Context, Not Clicks
- Negative Sentiment: Some investors remain cautious because Amazon’s AI buildout requires heavy capital spending, which could pressure free cash flow and keep the stock volatile heading into earnings. Amazon’s $25 billion ‘surprise’ bond sale dangled extra yield to lure in buyers—and flashed a warning sign about the AI boom
- Negative Sentiment: Recent insider selling and broader concern about the payoff timing of massive AI spending may limit upside in the near term, even if the long-term thesis remains intact. Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
Amazon.com Stock Performance
Shares of NASDAQ AMZN opened at $247.04 on Friday. The company has a market cap of $2.66 trillion, a P/E ratio of 29.55, a P/E/G ratio of 1.82 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. 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 firm’s fifty day moving average is $253.39 and its two-hundred day moving average is $235.23.
Amazon.com (NASDAQ:AMZN – Get Free Report) last released 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. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the prior year, the firm earned $1.59 EPS. The business’s revenue was up 16.6% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.
Insider Transactions at Amazon.com
In other news, CEO Andrew R. Jassy sold 31,352 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the sale, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at $598,335,650. This represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the transaction, the chief executive officer owned 14,159 shares of the company’s stock, valued at $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 195,774 shares of company stock valued at $51,643,704 in the last ninety days. Corporate insiders own 8.90% of the company’s stock.
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.
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