Simplicity Wealth LLC Has $14.84 Million Position in Amazon.com, Inc. $AMZN

Simplicity Wealth LLC boosted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,266 shares of the e-commerce giant’s stock after purchasing an additional 7,500 shares during the quarter. Amazon.com comprises about 0.8% of Simplicity Wealth LLC’s portfolio, making the stock its 17th biggest holding. Simplicity Wealth LLC’s holdings in Amazon.com were worth $14,843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Candriam S.C.A. increased its position in Amazon.com by 1.2% during the 1st quarter. Candriam S.C.A. now owns 2,535,587 shares of the e-commerce giant’s stock worth $528,087,000 after buying an additional 30,379 shares during the period. Osprey Private Wealth LLC grew its stake in shares of Amazon.com by 167.8% in the first quarter. Osprey Private Wealth LLC now owns 31,443 shares of the e-commerce giant’s stock valued at $6,549,000 after acquiring an additional 19,703 shares in the last quarter. Avid Wealth Partners LLC increased its position in Amazon.com by 9.4% during the first quarter. Avid Wealth Partners LLC now owns 4,974 shares of the e-commerce giant’s stock worth $1,036,000 after acquiring an additional 428 shares during the period. Barnett & Company Inc. bought a new position in Amazon.com during the first quarter worth about $331,000. Finally, Petix & Botte Co raised its stake in Amazon.com by 4.9% in the 1st quarter. Petix & Botte Co now owns 2,896 shares of the e-commerce giant’s stock worth $603,000 after purchasing an additional 136 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Amazon.com stock opened at $233.66 on Friday. 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 stock has a market cap of $2.51 trillion, a PE ratio of 27.95, a P/E/G ratio of 1.82 and a beta of 1.46. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The business’s 50-day moving average price is $248.90 and its two-hundred day moving average price is $236.35.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. 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 earned $1.59 EPS. As a group, analysts expect that Amazon.com, Inc. will post 7.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 31,352 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the sale, the chief executive officer owned 2,175,766 shares in the company, valued at $598,335,650. The trade was a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the transaction, the chief executive officer directly owned 471,361 shares of the company’s stock, valued at approximately $129,624,275. The trade was a 5.51% 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 140,425 shares of company stock worth $37,715,464 in the last ninety days. Insiders own 8.90% of the company’s stock.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Analysts continue to see Amazon as a leading AI beneficiary, with AWS growth expected to stay strong into earnings. Amazon Viewed as Leading AI Beneficiary, AWS Acceleration Supports Buy Rating with Price Target Unchanged at $310
• Positive Sentiment: India loosened e-commerce investment rules for exports, which could help Amazon expand cross-border sales. India relaxes e-commerce investment rules for exports in win for Amazon
• Positive Sentiment: Amazon is adding games to Prime Video and integrating Luna, supporting its bundled services strategy. Amazon is bringing games to Prime Video
• Neutral Sentiment: Amazon reorganized its artificial general intelligence team, with layoffs framed as a reset to focus on higher-priority AI initiatives. Amazon cuts some jobs in its artificial general intelligence unit
• Negative Sentiment: A U.S. Senate panel is probing whether Amazon allowed Chinese influence to affect marketplace decisions, raising regulatory risk. Amazon Faces Senate Probe Over Alleged China Influence
• Negative Sentiment: Investors are questioning whether Amazon’s aggressive AI capex plans could pressure margins and earnings near term. Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $315.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Morgan Stanley boosted their price target on Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Piper Sandler set a $330.00 price target on Amazon.com in a research report on Thursday, June 11th. Cantor Fitzgerald restated an “overweight” rating and set a $330.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $340.00 price objective (down from $350.00) on shares of Amazon.com in a report on Wednesday, July 8th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $312.91.

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.