Torren Management LLC Invests $1.03 Million in Amazon.com, Inc. $AMZN

Torren Management LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,462 shares of the e-commerce giant’s stock, valued at approximately $1,030,000. Amazon.com accounts for 0.5% of Torren Management LLC’s investment portfolio, making the stock its 24th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMZN. Fairway Wealth LLC grew its position in shares of Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 60 shares in the last quarter. Sellwood Investment Partners LLC purchased a new stake in Amazon.com in the third quarter worth about $27,000. Bridge Generations Wealth Management LLC lifted its stake in Amazon.com by 2,330.0% in the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 233 shares during the period. Cooksen Wealth LLC grew its holdings in Amazon.com by 23.5% during the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant’s stock worth $54,000 after acquiring an additional 47 shares in the last quarter. Finally, Sagard Holdings Management Inc. bought a new position in Amazon.com during the 2nd quarter worth about $79,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMZN shares. Pivotal Research restated a “buy” rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Wells Fargo & Company set a $312.00 price objective on shares of Amazon.com and gave the company an “overweight” rating in a report on Wednesday. The Goldman Sachs Group reissued a “buy” rating and issued a $325.00 price objective (up from $275.00) on shares of Amazon.com in a research note on Thursday, April 30th. Roth Mkm upped their target price on Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, TD Securities raised Amazon.com to a “buy” rating in a research report on Monday, April 13th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $312.66.

Insider Activity

In other news, CEO Douglas J. Herrington sold 27,500 shares of the firm’s 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 sale, the chief executive officer directly owned 471,361 shares in the company, valued at $129,624,275. This trade represents a 5.51% decrease in their position. The transaction 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 Andrew R. Jassy sold 31,352 shares of Amazon.com stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the transaction, the chief executive officer owned 2,175,766 shares of the company’s stock, valued at approximately $598,335,650. This represents a 1.42% decrease in their position. 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 sold a total of 201,026 shares of company stock worth $49,128,874 over the last three months. Corporate insiders own 8.90% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Evercore ISI’s Mark Mahaney reiterated a Buy rating on Amazon and raised his outlook tied to the company’s growing spectrum and “Leo” connectivity opportunities, signaling more upside potential. Article: Mark Mahaney Reiterates Buy on Amazon
• Positive Sentiment: Multiple articles pointed to AWS strength, with recent commentary saying Amazon’s cloud business is benefiting from AI demand and stronger-than-expected growth, helping reinforce the bullish valuation case. Article: Is Amazon.com One Of The Best Cloud Stocks To Buy As Azure Growth Hits 40%?
• Positive Sentiment: Analysts continue to frame Amazon as an underappreciated AI winner, with bullish notes on AWS, Trainium chips, and enterprise partnerships suggesting durable upside from cloud monetization. Article: Amazon Stock Falls despite Surge in Trainium AI Chip Demand
• Neutral Sentiment: CEO Douglas Herrington sold shares in a pre-arranged 10b5-1 plan, and another executive sale from Matthew Garman also drew attention, but these transactions do not appear to signal a change in Amazon’s operating outlook. SEC filing for Douglas J. Herrington sale
• Neutral Sentiment: Amazon also won an appeals-court case over allegations it helped with tariff evasion, removing a legal overhang and reducing near-term uncertainty. Article: Amazon.com defeats appeal claiming it aided tariff evasion
• Negative Sentiment: Offsetting the positive headlines, Amazon is still facing a class-action lawsuit tied to tariff-related pricing, which could create legal and reputational noise for investors. Article: Amazon Lawsuit Adds New Risk Layer To Valuation And Share Momentum

Amazon.com Trading Up 2.2%

Amazon.com stock opened at $265.01 on Thursday. The firm has a market cap of $2.85 trillion, a PE ratio of 31.70, a P/E/G ratio of 1.94 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 stock’s 50 day simple moving average is $237.34 and its two-hundred day simple moving average is $231.45. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share 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 firm had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same period in the previous year, the firm earned $1.59 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current 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.