Blue Jean Financial LLC Invests $1.66 Million in Amazon.com, Inc. $AMZN

Blue Jean Financial LLC bought a new position in Amazon.com, Inc. (NASDAQ:AMZN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,184 shares of the e-commerce giant’s stock, valued at approximately $1,658,000.

A number of other hedge funds have also modified their holdings of the stock. Beta Wealth Group Inc. raised its holdings in shares of Amazon.com by 14.8% in the 4th quarter. Beta Wealth Group Inc. now owns 6,312 shares of the e-commerce giant’s stock worth $1,457,000 after buying an additional 813 shares in the last quarter. Bornite Capital Management LP raised its holdings in shares of Amazon.com by 200.0% in the 4th quarter. Bornite Capital Management LP now owns 300,000 shares of the e-commerce giant’s stock worth $69,246,000 after buying an additional 200,000 shares in the last quarter. 1 North Wealth Services LLC raised its holdings in shares of Amazon.com by 11.0% in the 4th quarter. 1 North Wealth Services LLC now owns 4,856 shares of the e-commerce giant’s stock worth $1,121,000 after buying an additional 480 shares in the last quarter. Adams Diversified Equity Fund Inc. raised its holdings in shares of Amazon.com by 5.1% in the 4th quarter. Adams Diversified Equity Fund Inc. now owns 549,500 shares of the e-commerce giant’s stock worth $126,836,000 after buying an additional 26,800 shares in the last quarter. Finally, AFT Forsyth & Company Inc. raised its holdings in shares of Amazon.com by 0.7% in the 4th quarter. AFT Forsyth & Company Inc. now owns 30,338 shares of the e-commerce giant’s stock worth $7,003,000 after buying an additional 200 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Down 1.2%

NASDAQ:AMZN opened at $238.55 on Friday. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $2.57 trillion, a P/E ratio of 28.53, a P/E/G ratio of 1.79 and a beta of 1.44. The stock’s fifty day simple moving average is $253.49 and its 200-day simple moving average is $233.62.

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, topping the consensus estimate of $1.63 by $1.15. The firm 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 for the quarter was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Moffett Nathanson increased their price target on Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Needham & Company LLC increased their price objective on Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Mizuho increased their price objective on Amazon.com from $315.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. TD Cowen reiterated a “buy” rating and issued a $350.00 price objective on shares of Amazon.com in a research report on Tuesday, May 12th. Finally, Scotiabank reiterated an “outperform” rating and issued a $325.00 price objective (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $312.78.

More Amazon.com News

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

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 company’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 completion of the transaction, the chief executive officer owned 14,159 shares in the company, valued at approximately $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 195,774 shares of company stock valued at $51,614,434 in the last quarter. 8.90% of the stock is currently owned by corporate insiders.

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.