Addenda Capital Inc. Acquires 121,776 Shares of Amazon.com, Inc. $AMZN

Key Points

• Addenda Capital boosted its Amazon stake by 315.5%, acquiring 121,776 shares to hold 160,375 shares valued at $37.03 million, making AMZN about 1.3% of the firm's portfolio.
• Analysts rate Amazon a Moderate Buy with an average price target of $288.66 as several firms raised targets on AWS/AI momentum (including the Anthropic tie‑up), but regulatory scrutiny and heavy AI capex pose near‑term margin and legal risks.
• Notable insider selling occurred recently (including CEO Andy Jassy), with insiders offloading 124,186 shares (~$27.8M) over the past three months even though insiders still own 9.70% of the company.

Addenda Capital Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 315.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 160,375 shares of the e-commerce giant's stock after acquiring an additional 121,776 shares during the period. Amazon.com makes up about 1.3% of Addenda Capital Inc.'s investment portfolio, making the stock its 24th biggest position. Addenda Capital Inc.'s holdings in Amazon.com were worth $37,031,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC raised its position in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after acquiring an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Amazon.com by 4.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after acquiring an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE raised its position in shares of Amazon.com by 5.5% during the fourth quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after acquiring an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new stake in shares of Amazon.com during the fourth quarter worth $2,153,000. 72.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

AMZN has been the subject of a number of recent analyst reports. Moffett Nathanson upped their price objective on Amazon.com from $283.00 to $288.00 and gave the company a "buy" rating in a report on Tuesday, April 7th. Rothschild & Co Redburn set a $230.00 price target on Amazon.com in a research note on Wednesday, January 21st. DA Davidson reaffirmed a "neutral" rating and issued a $175.00 price target (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Wolfe Research lowered their price target on Amazon.com from $255.00 to $250.00 and set an "outperform" rating for the company in a research note on Thursday, March 19th. Finally, TD Securities raised Amazon.com to a "buy" rating in a research note on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $288.66.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Big AI/AWS headline — Amazon agreed to deepen its Anthropic partnership (another $5B now; up to $25B possible) and Anthropic committed to more than $100B of AWS spend over the next decade, which materially lifts long‑term demand for AWS, Trainium chips and AI infrastructure. Investopedia: Amazon Anthropic deal
• Positive Sentiment: Analyst momentum — Multiple firms (KeyBanc, BofA, Cantor Fitzgerald and others) raised price targets and reiterated Buy/Overweight calls citing accelerating AWS/AI monetization and Amazon’s product roadmap, supporting near‑term upside into earnings. Blockonomi: KeyBanc price target
• Positive Sentiment: Healthcare expansion — Amazon launched a nationwide GLP‑1 weight‑loss program through One Medical and Amazon Pharmacy, which could create recurring prescription and pharmacy revenue, broaden services and pressure incumbents’ pricing. This diversification is viewed positively by investors. CNBC: Amazon GLP-1 program
• Neutral Sentiment: Insider activity — CEO Andy Jassy sold 31,000 shares under a pre‑arranged Rule 10b5‑1 plan (disclosed filing); size is small versus his holdings and consistent with routine diversification rather than a warning on fundamentals. SEC Form 4: Jassy sale
• Neutral Sentiment: Sustainability/ops note — Amazon will deploy 75 electric heavy‑duty trucks with Einride for U.S. freight routes; modest operational and ESG benefit but limited near‑term revenue impact. Reuters: Einride electric trucks
• Negative Sentiment: Antitrust/legal risk — California’s Attorney General released filings alleging Amazon pressured vendors to raise prices at rivals, renewing scrutiny that could lead to fines, remedies or operational constraints if cases advance. This raises regulatory uncertainty for retail operations. Reuters: California price‑fixing allegations
• Negative Sentiment: Profitability/capex concerns — Analysts praise revenue visibility from Anthropic but warn the huge AI investment cycle (chips, data centers, Trainium scale) increases capital and operating intensity and could pressure margins and free cash flow in the near term. Proactive Investors: AI capex and profitability debate

Amazon.com Stock Performance

AMZN stock opened at $255.36 on Thursday. The business's 50-day moving average price is $216.43 and its two-hundred day moving average price is $225.75. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.75 trillion, a PE ratio of 35.62, a P/E/G ratio of 1.87 and a beta of 1.38. Amazon.com, Inc. has a 1-year low of $178.85 and a 1-year high of $258.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The business's revenue was up 13.6% on a year-over-year basis. As a group, research analysts forecast that Amazon.com, Inc. will post 7.72 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,500 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $245.00, for a total transaction of $5,022,500.00. Following the completion of the sale, the chief executive officer owned 499,861 shares of the company's stock, valued at $122,465,945. This represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 10,649 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at $8,461,661.70. This represents a 20.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 124,186 shares of company stock valued at $27,826,739 over the last three months. Insiders own 9.70% of the company's stock.

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.

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