Amazon.com, Inc. $AMZN Shares Acquired by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.9% during the fourth quarter, Holdings Channel reports. The fund owned 37,798 shares of the e-commerce giant’s stock after purchasing an additional 2,764 shares during the quarter. Amazon.com comprises 1.9% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 19th biggest holding. RPg Family Wealth Advisory LLC’s holdings in Amazon.com were worth $8,725,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. CI Investments Inc. boosted its stake in shares of Amazon.com by 4.0% during the fourth quarter. CI Investments Inc. now owns 4,687,926 shares of the e-commerce giant’s stock valued at $1,082,068,000 after acquiring an additional 182,099 shares during the last quarter. Laurel Oak Wealth Management LLC acquired a new stake in shares of Amazon.com during the fourth quarter valued at $17,844,000. Fiduciary Group LLC boosted its stake in shares of Amazon.com by 1.4% during the fourth quarter. Fiduciary Group LLC now owns 106,503 shares of the e-commerce giant’s stock valued at $24,583,000 after acquiring an additional 1,501 shares during the last quarter. Advocate Investing Services LLC acquired a new stake in shares of Amazon.com during the fourth quarter valued at $813,000. Finally, Hamilton Point Investment Advisors LLC boosted its stake in shares of Amazon.com by 9.8% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 4,872 shares of the e-commerce giant’s stock valued at $1,125,000 after acquiring an additional 433 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AMZN. Canaccord Genuity Group raised their price target on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Mizuho raised their price target on Amazon.com from $315.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Arete Research raised their price target on Amazon.com from $301.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $325.00 price target (up from $275.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, Morgan Stanley raised their price target on Amazon.com from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.78.

Amazon.com Stock Performance

NASDAQ AMZN opened at $238.55 on Friday. The firm has a market capitalization of $2.57 trillion, a P/E ratio of 28.53, a P/E/G ratio of 1.81 and a beta of 1.44. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The business’s 50-day simple moving average is $253.49 and its 200-day simple moving average is $233.62.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data 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. The business 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.59 EPS. Equities analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current year.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 31,352 shares of Amazon.com stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $8,621,800.00. Following the transaction, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at $598,335,650. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of Amazon.com 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 completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at $11,060,750.70. This represents a 18.37% 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. Over the last quarter, insiders sold 195,774 shares of company stock valued at $51,614,434. 8.90% of the stock is currently owned by company insiders.

Amazon.com News Summary

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

Amazon.com Company 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.