Amazon.com, Inc. $AMZN Shares Sold by Surience Private Wealth LLC

Surience Private Wealth LLC decreased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 44.1% during the first quarter, Holdings Channel reports. The institutional investor owned 10,566 shares of the e-commerce giant’s stock after selling 8,351 shares during the quarter. Amazon.com makes up approximately 2.4% of Surience Private Wealth LLC’s investment portfolio, making the stock its 17th largest position. Surience Private Wealth LLC’s holdings in Amazon.com were worth $2,201,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Godsey & Gibb Inc. raised its position in Amazon.com by 1.9% during the first quarter. Godsey & Gibb Inc. now owns 17,206 shares of the e-commerce giant’s stock valued at $3,583,000 after acquiring an additional 324 shares in the last quarter. Aurora Investment Managers LLC. acquired a new position in Amazon.com in the first quarter valued at approximately $4,675,000. Consilium Wealth Advisory LLC grew its stake in shares of Amazon.com by 14.7% during the 1st quarter. Consilium Wealth Advisory LLC now owns 27,346 shares of the e-commerce giant’s stock worth $5,695,000 after purchasing an additional 3,509 shares during the period. Brandywine Oak Private Wealth LLC grew its stake in shares of Amazon.com by 1.4% during the 1st quarter. Brandywine Oak Private Wealth LLC now owns 32,550 shares of the e-commerce giant’s stock worth $6,780,000 after purchasing an additional 437 shares during the period. Finally, Centennial Wealth Advisory LLC increased its holdings in shares of Amazon.com by 8.0% during the 1st quarter. Centennial Wealth Advisory LLC now owns 11,334 shares of the e-commerce giant’s stock valued at $2,361,000 after purchasing an additional 840 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,467 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was 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 in the company, valued at $3,729,480.60. This trade represents a 52.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 that occurred on 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 completion of the sale, the chief executive officer directly owned 2,175,766 shares in the company, valued at $598,335,650. This represents a 1.42% 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 sold 195,774 shares of company stock worth $51,614,434 over the last three months. 8.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several analyst reports. China Renaissance boosted their target price on shares of Amazon.com from $300.00 to $326.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a report on Monday, June 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $315.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Stifel Nicolaus set a $319.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Benchmark raised their target price on Amazon.com from $275.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $312.78.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon’s Prime Day results point to robust consumer demand and a likely revenue boost for its retail business. Article Title
• Positive Sentiment: Higher AWS pricing and continued AI infrastructure spending may improve cloud margins and offset concerns about heavy AI investment. Article Title
• Positive Sentiment: Amazon’s deeper push into AI, including AWS-related integrations and infrastructure expansion, is supporting the bullish long-term growth narrative. Article Title
• Neutral Sentiment: Analysts and commentators continue to debate whether Amazon’s reliance on Anthropic should change as Claude costs rise, but this is more of a strategic question than an immediate earnings driver. Article Title
• Neutral Sentiment: New competitive products from rivals like Kobo and broader commentary about AI-enabled shopping are notable, but they are not as directly market-moving for AMZN today. Article Title

Amazon.com Stock Up 3.2%

Shares of NASDAQ AMZN opened at $240.14 on Tuesday. The company’s 50-day simple moving average is $255.34 and its 200-day simple moving average is $234.27. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56. The firm has a market cap of $2.58 trillion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping 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 the consensus estimate of $177.28 billion. During the same quarter in the prior year, the firm earned $1.59 EPS. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

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.