Amazon.com, Inc. $AMZN Holdings Decreased by Strs Ohio

Key Points

• Strs Ohio reduced its Amazon stake by 3.6% in the fourth quarter, selling 142,547 shares. It still held 3.86 million shares worth about $891.3 million, making Amazon its fourth-largest position.
• Amazon continues to attract strong institutional interest, with hedge funds and asset managers owning 72.2% of the stock. Several large investors, including Norges Bank, Nuveen, and Goldman Sachs, have recently added or expanded positions.
• Recent fundamentals and analyst sentiment remain positive: Amazon beat quarterly earnings and revenue estimates, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $312.66.

Strs Ohio decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,861,310 shares of the e-commerce giant's stock after selling 142,547 shares during the quarter. Amazon.com accounts for approximately 3.3% of Strs Ohio's holdings, making the stock its 4th biggest position. Strs Ohio's holdings in Amazon.com were worth $891,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of AMZN. Norges Bank purchased a new position in Amazon.com in the second quarter valued at about $27,438,011,000. Nuveen LLC purchased a new position in Amazon.com in the first quarter valued at about $11,674,091,000. Laurel Wealth Advisors LLC grew its stake in Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant's stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Amazon.com by 21.3% in the first quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in Amazon.com by 11.3% in the third quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant's stock valued at $20,702,362,000 after purchasing an additional 9,583,217 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Key Amazon.com News

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

• Positive Sentiment: Multiple recent articles argue Amazon is one of the best growth stocks to own, highlighting accelerating business momentum, strong sales growth, and the company’s ability to keep compounding over time. Article Title
• Positive Sentiment: Bank of America reiterated a Buy rating after Amazon’s Alexa for Shopping debut, suggesting the new AI-powered shopping feature could become a major commerce platform and add meaningful long-term revenue. Article Title
• Positive Sentiment: Investor commentary is focusing on AI momentum, AWS re-acceleration, and strong ad and subscription growth, with technical traders also noting supportive chart action and call buying near support. Article Title
• Positive Sentiment: Amazon’s heavy spending on AI infrastructure is being framed as a long-term catalyst, with investors betting the company’s scale in data centers and cloud could strengthen its competitive edge. Article Title

Amazon.com Price Performance

NASDAQ AMZN opened at $266.32 on Tuesday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. 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 market capitalization of $2.86 trillion, a PE ratio of 31.86, a P/E/G ratio of 1.99 and a beta of 1.46. The stock has a 50-day simple moving average of $240.63 and a 200 day simple moving average of $231.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business 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 firm earned $1.59 EPS. The firm's revenue was up 16.6% compared to the same quarter last year. Research analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Tigress Financial boosted their target price on Amazon.com from $305.00 to $315.00 and gave the company a "buy" rating in a research note on Wednesday, March 25th. Wells Fargo & Company set a $312.00 target price on Amazon.com and gave the company an "overweight" rating in a research note on Wednesday, May 20th. Daiwa Securities Group lowered their target price on Amazon.com from $300.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, February 11th. Telsey Advisory Group boosted their target price on Amazon.com from $300.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, April 30th. Finally, Phillip Securities upgraded Amazon.com from a "moderate buy" rating to a "buy" rating and set a $280.00 target price on the stock in a research note on Wednesday, May 13th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $312.66.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 31,352 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 2,175,766 shares of the company's stock, valued at approximately $598,335,650. The trade was a 1.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 the business'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 transaction, the chief executive officer directly owned 471,361 shares of the company's stock, valued at $129,624,275. This 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. Insiders sold a total of 136,124 shares of company stock worth $35,801,387 over the last quarter. 8.90% of the stock is currently owned by company insiders.

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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