Fisher Funds Management LTD Cuts Stock Holdings in Amazon.com, Inc. $AMZN

Fisher Funds Management LTD lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 683,197 shares of the e-commerce giant’s stock after selling 10,108 shares during the period. Amazon.com makes up approximately 4.1% of Fisher Funds Management LTD’s holdings, making the stock its 2nd biggest holding. Fisher Funds Management LTD’s holdings in Amazon.com were worth $157,866,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Shelton Wealth Management LLC grew its position in Amazon.com by 7.3% in the 4th quarter. Shelton Wealth Management LLC now owns 12,576 shares of the e-commerce giant’s stock valued at $2,903,000 after acquiring an additional 854 shares during the last quarter. Whittier Trust Co. grew its position in Amazon.com by 0.6% in the 4th quarter. Whittier Trust Co. now owns 1,335,511 shares of the e-commerce giant’s stock valued at $321,765,000 after acquiring an additional 8,053 shares during the last quarter. J.M. Arbour LLC bought a new position in Amazon.com in the 4th quarter valued at $1,200,000. Iams Wealth Management LLC grew its position in Amazon.com by 44.8% in the 4th quarter. Iams Wealth Management LLC now owns 18,355 shares of the e-commerce giant’s stock valued at $4,237,000 after acquiring an additional 5,678 shares during the last quarter. Finally, O Connor Financial Group LLC grew its position in Amazon.com by 2.8% in the 4th quarter. O Connor Financial Group LLC now owns 3,286 shares of the e-commerce giant’s stock valued at $786,000 after acquiring an additional 91 shares during the last quarter. 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 launched Amazon Supply Chain Services (ASCS), opening its freight/fulfillment/parcel network to outside businesses — a potential high-margin new revenue stream that markets liken to the AWS playbook. Read More.
• Positive Sentiment: Q1 results and management messaging reinforced the growth narrative: AWS growth reaccelerated, revenue and EPS beat consensus, and CEO Andy Jassy framed the AI capex as a longer?term ROI bet — supporting the bull case. Read More.
• Positive Sentiment: Wall Street moved more bullish: several firms raised price targets (examples include BNP Paribas raising its target), which amplifies upside expectations and buyer appetite. Read More.
• Positive Sentiment: Amazon expanded same?day fresh grocery deliveries to business customers (Amazon Business), extending addressable market and recurring order flows for grocery/fulfillment. Read More.
• Neutral Sentiment: Insider selling by executives/directors has been disclosed (Rule 10b5?1 plan filings); these appear to be planned dispositions rather than signals of change in strategy. Read More.
• Neutral Sentiment: Amazon is rolling internal AI tooling (Claude Code, Codex) and experimenting with merging AI chat into core search — operational moves that can lift productivity and product UX but whose revenue timing is unclear. Read More.
• Negative Sentiment: CapEx and free?cash?flow pressure remain a risk: analysts highlight that heavy AI infrastructure spending has pushed FCF sharply lower in the near term, raising execution/timing risk if AWS/AI revenue doesn’t scale as expected. Read More.
• Negative Sentiment: Macro and inflationary commentary warns large hyperscaler AI spending could add cost pressure (energy, wages, tariffs), which would be a multiplier on margin/valuation risk across the sector. Read More.

Amazon.com Trading Up 0.5%

Shares of NASDAQ AMZN opened at $273.54 on Wednesday. The business has a fifty day moving average price of $224.90 and a 200 day moving average price of $227.88. Amazon.com, Inc. has a 1-year low of $183.85 and a 1-year high of $278.56. The stock has a market capitalization of $2.94 trillion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 1.98 and a beta of 1.46. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. The company 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 firm’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.59 EPS. Equities research analysts expect that Amazon.com, Inc. will post 7.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $315.00 price objective (up from $260.00) on shares of Amazon.com in a research report on Thursday, April 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $330.00 target price (up from $280.00) on shares of Amazon.com in a report on Thursday, April 30th. TD Cowen reiterated a “buy” rating and issued a $350.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Argus reiterated a “buy” rating and issued a $325.00 target price on shares of Amazon.com in a report on Friday, February 6th. Finally, Moffett Nathanson upped their target price on Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Fifty-six research 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 has an average rating of “Moderate Buy” and an average target price of $313.09.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 10,649 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $8,461,661.70. This represents a 20.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Rubinstein sold 3,849 shares of the stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $260.00, for a total value of $1,000,740.00. Following the completion of the transaction, the director directly owned 78,654 shares in the company, valued at $20,450,040. This represents a 4.67% 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 ninety days, insiders sold 160,241 shares of company stock valued at $37,667,441. Insiders own 8.90% of the company’s stock.

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.