Amazon.com, Inc. $AMZN Holdings Cut by Palacios Wealth Management LLC

Key Points

• Palacios Wealth Management cut its Amazon stake by 9.9% in the fourth quarter, selling 2,501 shares and leaving it with 22,728 shares worth about $5.25 million.
• Amazon is pushing new growth initiatives, including Alexa for Shopping and expanded 30-minute delivery through Amazon Now, both aimed at strengthening its AI commerce and convenience advantages.
• Despite some negative headlines around job cuts and regulatory scrutiny, analysts remain broadly bullish on AMZN, with 57 Buy ratings and an average target price of $312.52.

Palacios Wealth Management LLC trimmed its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,728 shares of the e-commerce giant's stock after selling 2,501 shares during the period. Amazon.com accounts for 4.0% of Palacios Wealth Management LLC's holdings, making the stock its 4th biggest position. Palacios Wealth Management LLC's holdings in Amazon.com were worth $5,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Lifelong Wealth Advisors Inc. lifted its stake 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 in the last quarter. Financial Connections Group Inc. lifted its stake in shares of Amazon.com by 2.6% in the fourth quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock worth $376,000 after buying an additional 42 shares in the last quarter. Marquette Asset Management LLC lifted its stake in shares of Amazon.com by 5.1% in the fourth quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock worth $205,000 after buying an additional 43 shares in the last quarter. Western Financial Corp CA lifted its stake in shares of Amazon.com by 1.5% in the fourth quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock worth $710,000 after buying an additional 44 shares in the last quarter. Finally, Cadence Wealth Management LLC lifted its stake in shares of Amazon.com by 3.5% in the third quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock worth $292,000 after buying an additional 45 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon is rolling out Alexa for Shopping, combining its Rufus capabilities with Alexa+ to create a more personalized AI shopping assistant. Investors may view this as a meaningful step in Amazon’s agentic commerce strategy. Amazon ditches Rufus chatbot, launches Alexa shopping agent in AI strategy pivot
• Positive Sentiment: The company expanded Amazon Now, offering 30-minute delivery in dozens of U.S. cities. That strengthens Amazon’s convenience edge and could help drive more frequent purchases. Amazon accelerates delivery race with 30-minute dropoffs in dozens of U.S. cities
• Positive Sentiment: Whole Foods Market, owned by Amazon, is bringing its smaller-format Daily Shop concept to three new U.S. markets, reinforcing Amazon’s broader grocery and physical retail strategy. Whole Foods Market to Bring its Daily Shop Concept to Three New U.S. Markets
• Neutral Sentiment: Several analysts reiterated bullish views on AMZN, including TD Cowen and Phillip Securities, which can help reinforce confidence but is not a new operating catalyst. Amazon.com was upgraded by Phillip Securities to buy
• Neutral Sentiment: Amazon also drew attention for adding AWS-related partnerships and for being mentioned in AI infrastructure spending and Cerebras coverage, which mostly underscores its role as a major AI investor and customer rather than an immediate stock-moving event.
• Negative Sentiment: Reports that Amazon is cutting more jobs and pushing harder on automation may raise concern about internal disruption and ongoing restructuring. Amazon cuts more jobs months after mass layoffs
• Negative Sentiment: Sen. Elizabeth Warren renewed scrutiny of AI data-center power consumption, naming Amazon among the companies under pressure over electricity costs, which could add regulatory and political overhang. Elizabeth Warren Targets Amazon, Google, Microsoft And Meta
• Negative Sentiment: Some recent hedge fund and portfolio-tracking stories noted trimming of Amazon positions, which may be read as a modest sentiment headwind, though not necessarily a fundamental concern. Amazon.com Inc. (AMZN): Chris Rokos Trims Exposure

Analysts Set New Price Targets

Several research firms have recently weighed in on AMZN. Mizuho raised their price target on shares of Amazon.com from $315.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 28th. William Blair reaffirmed an "outperform" rating on shares of Amazon.com in a research note on Thursday, April 9th. President Capital reduced their target price on shares of Amazon.com from $320.00 to $296.00 and set a "buy" rating on the stock in a research note on Tuesday, February 10th. Moffett Nathanson lifted their target price on shares of Amazon.com from $283.00 to $288.00 and gave the stock a "buy" rating in a research note on Tuesday, April 7th. Finally, BMO Capital Markets lifted their target price on shares of Amazon.com from $310.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and an average target price of $312.52.

Amazon.com Price Performance

Shares of AMZN opened at $270.13 on Thursday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The stock has a market cap of $2.91 trillion, a PE ratio of 32.31, a P/E/G ratio of 1.99 and a beta of 1.46. The firm has a 50-day simple moving average of $232.36 and a two-hundred day simple moving average of $230.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,751 shares of the business's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares in the company, valued at $1,930,094.10. The trade was a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 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 $7,562,500.00. Following the completion of the transaction, the chief executive officer owned 471,361 shares of the company's stock, valued at approximately $129,624,275. This trade represents 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. In the last three months, insiders have sold 190,593 shares of company stock worth $46,081,241. 8.90% of the stock is currently owned by insiders.

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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