11,172 Shares in Amazon.com, Inc. $AMZN Bought by Claris Financial LLC

Key Points

• Claris Financial LLC opened a new position in Amazon, buying 11,172 shares worth about $2.58 million in the fourth quarter. The stake makes Amazon about 1.4% of its portfolio.
• Analysts remain broadly bullish on Amazon, with multiple firms recently raising price targets. MarketBeat data shows 57 Buy ratings, just 3 Hold ratings, and a consensus target of $312.78.
• Amazon’s latest quarter beat expectations, posting $2.78 EPS on $181.52 billion in revenue, while shares were recently up 2.9%. The article also highlights AI and AWS-related catalysts, including possible Trainium chip sales and a major Missouri data center buildout.

Claris Financial LLC bought a new stake in Amazon.com, Inc. (NASDAQ:AMZN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,172 shares of the e-commerce giant's stock, valued at approximately $2,579,000. Amazon.com comprises about 1.4% of Claris Financial LLC's portfolio, making the stock its 14th biggest position.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Amazon.com in the 4th quarter worth approximately $32,868,735,000. J. Stern & Co. LLP boosted its stake in Amazon.com by 20,598.0% in the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock worth $20,308,193,000 after buying an additional 87,557,736 shares in the last quarter. Nuveen LLC bought a new position in Amazon.com during the first quarter valued at approximately $11,674,091,000. Cardano Risk Management B.V. grew its position in Amazon.com by 879.4% during the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock valued at $6,431,199,000 after acquiring an additional 25,017,588 shares during the last quarter. Finally, Laurel Wealth Advisors LLC raised its stake in shares of Amazon.com by 22,085.8% during the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant's stock worth $2,671,634,000 after acquiring an additional 12,122,668 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AMZN. Needham & Company LLC boosted their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Phillip Securities raised shares of Amazon.com from a "moderate buy" rating to a "buy" rating and set a $280.00 target price on the stock in a report on Wednesday, May 13th. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $280.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Amazon.com from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, May 6th. Finally, 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. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $312.78.

Insider Activity

In other news, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the sale, the chief executive officer directly owned 2,175,766 shares in the company, valued at approximately $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 firm's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the sale, the chief executive officer directly 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 195,774 shares of company stock worth $51,614,434 over the last ninety days. 8.90% of the stock is owned by insiders.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon is exploring selling Trainium AI chips to external data-center customers, which could open a new revenue stream and strengthen its position in AI infrastructure. Amazon CEO Jassy says company could sell AI chips, raising stakes for Nvidia, AMD
• Positive Sentiment: Amazon’s planned $10 billion Missouri data center buildout underscores rising AI infrastructure demand and suggests stronger AWS growth ahead. Should Amazon’s US$10 Billion Missouri AI Bet and Trainium Chip Sales Shift AMZN’s Cloud Narrative?
• Positive Sentiment: Bank of America reiterated a Buy rating and a $310 price target, framing Alexa+ and Prime Day as potential catalysts for adoption and sales growth. Amazon's Alexa AI Could Be The Real Prime Day Winner: Analyst
• Positive Sentiment: Prime Day is expected to generate nearly $22 billion in gross merchandise value, offering a near-term retail lift and a showcase for Amazon’s AI shopping tools. Amazon Prime Day expected to generate nearly $22B in sales
• Positive Sentiment: Alexa+ is expanding internationally, including full rollout in Canada and availability in Brazil, which supports Amazon’s consumer AI monetization story. Here’s Why Amazon.com, Inc. (AMZN) is a Top Growth Stock to Buy According to Ray Dalio’s Bridgewater
• Positive Sentiment: Amazon’s AWS unit won new business as Zelis selected AWS to automate healthcare pricing and payments, showing continued enterprise cloud momentum. Zelis Picks AWS to Automate Healthcare Pricing and Payments

Amazon.com Stock Up 2.9%

Shares of Amazon.com stock 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. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56. The company's 50 day moving average price is $256.04 and its 200-day moving average price is $234.05. The stock has a market capitalization of $2.63 trillion, a price-to-earnings ratio of 29.23, a P/E/G ratio of 1.78 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm's revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.59 EPS. Equities research analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current year.

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.

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