Amazon.com, Inc. $AMZN Holdings Boosted by Elevation Point Wealth Partners LLC

Key Points

• Elevation Point Wealth Partners nearly doubled its Amazon position in Q1, boosting holdings by 94.8% to 302,481 shares worth about $63 million. Amazon is now the firm’s 8th largest holding.
• Amazon’s latest quarter came in ahead of expectations, with earnings of $2.78 per share versus $1.63 expected and revenue of $181.52 billion versus $177.28 billion estimated. Revenue rose 16.6% year over year, and analysts still expect strong full-year EPS growth.
• Despite bullish analyst coverage and enthusiasm around Amazon’s AI/data-center expansion, investors are watching concerns over heavy capital spending and debt needs. The article also noted several recent insider sales, which may add near-term caution.

Elevation Point Wealth Partners LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 94.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 302,481 shares of the e-commerce giant's stock after acquiring an additional 147,231 shares during the quarter. Amazon.com accounts for approximately 1.5% of Elevation Point Wealth Partners LLC's holdings, making the stock its 8th biggest holding. Elevation Point Wealth Partners LLC's holdings in Amazon.com were worth $62,998,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AMZN. Lifelong Wealth Advisors Inc. increased its holdings in shares of Amazon.com by 2.4% in the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock worth $402,000 after buying an additional 41 shares during the period. Financial Connections Group Inc. grew its position in Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock worth $376,000 after acquiring an additional 42 shares during the last quarter. Marquette Asset Management LLC increased its stake in Amazon.com by 5.1% in the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock worth $205,000 after purchasing an additional 43 shares during the period. Wernau Asset Management Inc. lifted its position in Amazon.com by 0.4% in the first quarter. Wernau Asset Management Inc. now owns 10,231 shares of the e-commerce giant's stock valued at $2,131,000 after purchasing an additional 43 shares during the last quarter. Finally, Western Financial Corp CA boosted its stake in shares of Amazon.com by 1.5% during the fourth quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock valued at $710,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $245.34 on Monday. The firm has a market capitalization of $2.64 trillion, a P/E ratio of 29.35, a P/E/G ratio of 1.83 and a beta of 1.46. 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 moving average price of $253.04 and a 200-day moving average price of $235.35. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share 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 revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 earnings per share. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 7.75 EPS for the current fiscal year.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Several reports highlighted Amazon’s expanding AI/data-center buildout, including plans to increase capacity and a $25 billion bond sale to fund infrastructure, which bulls see as supporting long-term AWS growth. Amazon’s New Debt Deal Puts Its AI Spending Story on Trial
• Positive Sentiment: Analyst coverage remained constructive, with BNP Paribas keeping an Outperform rating and a $345 target, while BofA raised its price target and cited improving sell-through trends for Amazon’s retail business. Amazon's Valuation Looks Attractive Ahead of Earnings: Analyst
• Positive Sentiment: Articles also framed Amazon as a leading AI winner, noting that hyperscaler spending may be “pre-sold” through future demand and that Amazon’s valuation remains attractive relative to peers. Nervous About AI Spending? Buy the Stocks of These 3 Tech Giants.
• Neutral Sentiment: One story said Amazon is cheaper than Walmart and Costco on a key valuation metric, but the explanation was more about business mix than a clear near-term catalyst. Why Is Amazon so Much Cheaper Than Walmart and Costco? This Is the Only Answer I Can Think of.
• Negative Sentiment: Investors remain wary of Amazon’s heavy capex and rising debt needs, with some coverage warning that free cash flow has been squeezed as the company funds its AI expansion. Huge News for Amazon Stock Investors!
• Negative Sentiment: There were also headlines about Third Point trimming its Amazon stake and commentary about insider selling, which can add to short-term caution. Billionaire Investor Retreats From Retail, Exits Alibaba Entirely, Cuts Amazon Stake 10%

Insider Transactions at Amazon.com

In related news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the transaction, the chief executive officer directly owned 14,159 shares in the company, valued at $3,729,480.60. This trade represents a 52.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Amazon.com stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the transaction, the chief executive officer directly owned 471,361 shares of the company's stock, valued at approximately $129,624,275. This trade represents a 5.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 195,774 shares of company stock worth $51,643,704. Corporate insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Susquehanna reaffirmed a "positive" rating and issued a $325.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Stifel Nicolaus set a $319.00 price objective on shares of Amazon.com and gave the company a "buy" rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. reaffirmed a "buy" rating on shares of Amazon.com in a research note on Friday, June 26th. Robert W. Baird raised their target price on Amazon.com from $285.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Finally, HSBC boosted their price target on Amazon.com from $280.00 to $310.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $312.79.

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.

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