Stuart Investment Advisors Inc. Takes Position in Amazon.com, Inc. $AMZN

Stuart Investment Advisors Inc. acquired a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, HoldingsChannel reports. The fund acquired 6,782 shares of the e-commerce giant’s stock, valued at approximately $1,412,000. Amazon.com accounts for 0.6% of Stuart Investment Advisors Inc.’s investment portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Maltin Wealth Management Inc. grew its holdings in shares of Amazon.com by 13.7% in the first quarter. Maltin Wealth Management Inc. now owns 4,046 shares of the e-commerce giant’s stock worth $843,000 after acquiring an additional 488 shares during the period. Draper Asset Management LLC lifted its holdings in Amazon.com by 1.0% in the first quarter. Draper Asset Management LLC now owns 122,190 shares of the e-commerce giant’s stock valued at $25,448,000 after acquiring an additional 1,220 shares during the period. Armbruster Capital Management Inc. boosted its position in Amazon.com by 8.4% in the first quarter. Armbruster Capital Management Inc. now owns 1,547 shares of the e-commerce giant’s stock worth $322,000 after purchasing an additional 120 shares during the last quarter. Pacific Sage Partners LLC boosted its position in Amazon.com by 0.5% in the first quarter. Pacific Sage Partners LLC now owns 64,854 shares of the e-commerce giant’s stock worth $13,507,000 after purchasing an additional 324 shares during the last quarter. Finally, Parker Financial LLC grew its stake in shares of Amazon.com by 9.2% during the 1st quarter. Parker Financial LLC now owns 4,743 shares of the e-commerce giant’s stock valued at $988,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com News Summary

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

• Positive Sentiment: Amazon said its Leo satellite network has enough satellites to begin initial broadband service this year, opening a new growth opportunity in satellite internet. Reuters: Amazon to start initial Leo internet service this year as network nears 400 satellites
• Positive Sentiment: Amazon is expanding its AI strategy with custom device chips and broader AWS AI capabilities, which could support future margins and growth. CNBC: Amazon is designing its own AI chips for Echo, Fire TV and future devices
• Positive Sentiment: Prime Day-related reports pointed to strong online shopping demand, reinforcing confidence in Amazon’s retail momentum heading into earnings. Yahoo Finance/Reuters: Online Spending Rises 5.3% on First Day of Amazon’s Prime Day

Insider Activity

In other news, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the sale, the chief executive officer owned 14,159 shares in the company, valued at $3,729,480.60. The trade was a 52.21% 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. In the last three months, insiders have sold 195,774 shares of company stock valued at $51,643,704. Company insiders own 8.90% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of several research reports. Weiss Ratings raised shares of Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Bank of America boosted their target price on shares of Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Wolfe Research reaffirmed an “outperform” rating and set a $320.00 target price (up from $245.00) on shares of Amazon.com in a report on Thursday, April 30th. TD Cowen reaffirmed a “buy” rating and set a $350.00 target price on shares of Amazon.com in a report on Tuesday, May 12th. Finally, Guggenheim reiterated a “buy” rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $312.79.

Amazon.com Price Performance

AMZN stock opened at $242.67 on Friday. The business’s 50-day moving average price is $254.57 and its 200-day moving average price is $234.57. The stock has a market cap of $2.61 trillion, a P/E ratio of 29.03, a PEG ratio of 1.81 and a beta of 1.46. 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, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) 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 company had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same period in the prior year, the firm posted $1.59 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current year.

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.