McLaughlin Asset Management Inc. Acquires New Shares in Amazon.com, Inc. $AMZN

McLaughlin Asset Management Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the 4th quarter, HoldingsChannel reports. The firm bought 12,405 shares of the e-commerce giant’s stock, valued at approximately $2,863,000. Amazon.com accounts for about 2.6% of McLaughlin Asset Management Inc.’s portfolio, making the stock its 7th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Bauman Advisory Group LLC purchased a new stake in Amazon.com during the 4th quarter valued at $919,000. White Knight Strategic Wealth Advisors LLC boosted its stake in shares of Amazon.com by 6.6% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 24,608 shares of the e-commerce giant’s stock worth $5,680,000 after buying an additional 1,525 shares during the last quarter. Kinloch Capital LLC purchased a new position in shares of Amazon.com in the 4th quarter worth $254,000. Mcguire Capital Advisors Inc. bought a new stake in shares of Amazon.com in the fourth quarter worth $3,819,000. Finally, Hamilton Wealth LLC grew its holdings in shares of Amazon.com by 6.4% in the fourth quarter. Hamilton Wealth LLC now owns 116,314 shares of the e-commerce giant’s stock worth $26,848,000 after acquiring an additional 7,032 shares during the period. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the sale, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 that occurred on Thursday, May 21st. The stock was 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 approximately $3,729,480.60. The trade was a 52.21% decrease in their position. 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 a total of 195,774 shares of company stock worth $51,614,434 in the last ninety days. Corporate insiders own 8.90% of the company’s stock.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $244.39 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The stock has a 50-day simple moving average of $256.51 and a two-hundred day simple moving average of $234.12. The firm has a market capitalization of $2.63 trillion, a PE ratio of 29.23, a P/E/G ratio of 1.83 and a beta of 1.44. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter last year, the company earned $1.59 earnings per share. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMZN shares. UBS Group set a $315.00 target price on Amazon.com in a report on Monday, June 1st. Telsey Advisory Group boosted their price target on Amazon.com from $300.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $330.00 price target (up from $280.00) on shares of Amazon.com in a research report on Thursday, April 30th. Mizuho upped their price target on shares of Amazon.com from $315.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $315.00 price objective on shares of Amazon.com in a research note on Friday, April 10th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus price target of $312.78.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Analysts are increasingly bullish on Amazon’s AI and cloud positioning, with multiple firms reiterating Buy ratings and highlighting AWS as a long-term growth driver. Brian Pitz Reiterates Amazon as Top Pick, Maintains Buy Rating and $355 Price Target on Strengthening AI and Cloud Positioning
• Positive Sentiment: Amazon is reportedly exploring sales of its Trainium AI chips to external data center customers, which could open a new revenue stream and deepen its challenge to Nvidia. Amazon exploring selling its custom AI chips to data center customers
• Positive Sentiment: Prime Day is approaching, and Bank of America expects the event to drive strong sales while boosting adoption of Amazon’s AI shopping tools, including Alexa for Shopping. Bank of America Lays Out Expectations Ahead of Amazon Stock’s Prime Day
• Positive Sentiment: Amazon is investing more than €10 billion to expand its European fulfillment network, signaling continued support for e-commerce capacity and logistics efficiency. Amazon Commits €10 Billion for European fulfillment network
• Neutral Sentiment: Amazon is facing EU scrutiny over whether AWS should be classified as a “gatekeeper” under the Digital Markets Act, which could increase regulatory oversight for the cloud unit. Microsoft and Amazon Face EU Digital Markets Act Scrutiny Over Cloud Dominance
• Neutral Sentiment: Amazon MGM Studios dropped the nearly finished OpenAI film “Artificial” after the companies’ broader partnership shift, a move with limited direct financial impact but notable signaling value. Luca Guadagnino’s Sam Altman, OpenAI Film ‘Artificial’ Dropped by Amazon MGM Studios
• Negative Sentiment: Amazon is also dealing with employee and public scrutiny over AI data center expansion and labor practices, which could add regulatory and reputational pressure. Amazon investigating engineers who criticized AI data center expansion

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.