Amazon.com, Inc. $AMZN is AMI Asset Management Corp's 7th Largest Position

Key Points

• AMI Asset Management trimmed its AMZN stake 2.4% to 348,298 shares (worth $80.39M), making Amazon its 7th-largest holding and about 4.6% of the fund's portfolio.
• Q1 beat: Amazon reported EPS of $2.78 vs. $1.62 expected and revenue of $181.5B (+16.6% YoY), with AWS reaccelerating (~28% cloud growth) and management giving strong Q2 revenue guidance, supporting a consensus "Moderate Buy" target near $289.
• Insiders sold shares under pre-arranged 10b5-1 plans (CEO Andrew Jassy sold 31,000 shares) and the company disclosed large multi-year AI capex, which—along with EU regulatory risks—could pressure near-term margins.

AMI Asset Management Corp reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 348,298 shares of the e-commerce giant's stock after selling 8,585 shares during the period. Amazon.com comprises approximately 4.6% of AMI Asset Management Corp's holdings, making the stock its 7th largest position. AMI Asset Management Corp's holdings in Amazon.com were worth $80,394,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Invera Wealth Advisors LLC raised its holdings in Amazon.com by 0.7% in the 4th quarter. Invera Wealth Advisors LLC now owns 6,953 shares of the e-commerce giant's stock worth $1,605,000 after acquiring an additional 51 shares during the last quarter. Webster Bank N. A. raised its holdings in Amazon.com by 0.5% in the 4th quarter. Webster Bank N. A. now owns 120,092 shares of the e-commerce giant's stock worth $27,720,000 after acquiring an additional 551 shares during the last quarter. Eagle Bay Advisors LLC raised its holdings in Amazon.com by 1.6% in the 4th quarter. Eagle Bay Advisors LLC now owns 9,020 shares of the e-commerce giant's stock worth $2,082,000 after acquiring an additional 145 shares during the last quarter. Ervin Investment Management LLC raised its holdings in Amazon.com by 5.1% in the 4th quarter. Ervin Investment Management LLC now owns 2,120 shares of the e-commerce giant's stock worth $489,000 after acquiring an additional 102 shares during the last quarter. Finally, Third View Private Wealth LLC purchased a new position in Amazon.com in the 4th quarter worth approximately $27,108,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Trading Up 1.3%

NASDAQ:AMZN opened at $263.04 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The firm has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 1.95 and a beta of 1.38. Amazon.com, Inc. has a one year low of $178.85 and a one year high of $265.91. The business has a fifty day moving average price of $222.42 and a 200-day moving average price of $227.08.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.62 by $1.16. The firm had revenue of $181.52 billion during the quarter, compared to analyst estimates of $176.98 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.Amazon.com's revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 EPS. Sell-side analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AMZN. Wedbush decreased their price objective on shares of Amazon.com from $340.00 to $300.00 and set an "outperform" rating for the company in a report on Friday, February 6th. Royal Bank Of Canada reiterated a "buy" rating on shares of Amazon.com in a research note on Monday. Needham & Company LLC reiterated a "buy" rating and set a $265.00 target price on shares of Amazon.com in a research note on Tuesday, March 17th. TD Securities upgraded shares of Amazon.com to a "buy" rating in a research note on Monday, April 13th. Finally, Maxim Group boosted their target price on shares of Amazon.com from $280.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $289.39.

Insider Transactions at Amazon.com

In other news, CEO Andrew R. Jassy sold 31,000 shares of the company's stock in a transaction on Friday, April 17th. The stock was sold at an average price of $255.00, for a total value of $7,905,000.00. Following the completion of the sale, the chief executive officer directly owned 2,207,118 shares in the company, valued at $562,815,090. This represents a 1.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,849 shares of the company's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $260.00, for a total value of $1,000,740.00. Following the completion of the sale, the director owned 78,654 shares of the company's stock, valued at $20,450,040. This trade represents a 4.67% decrease in their ownership of the stock. 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 128,035 shares of company stock worth $28,827,479 over the last three months. 8.90% of the stock is currently owned by insiders.

Key Amazon.com News

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

• Positive Sentiment: Q1 results beat estimates — revenue $181.5B (+17% YoY) and EPS topped expectations; management gave strong revenue guidance for Q2, which reassures growth investors and supports multiple expansion. Read More.
• Positive Sentiment: AWS reaccelerated: cloud revenue grew ~28% and topped estimates, driven by AI demand — investors see higher‑margin cloud and AI services as the core earnings lever. Read More.
• Positive Sentiment: OpenAI models coming to AWS Bedrock (limited preview) and rapid product launches (Amazon Quick, Bedrock Managed Agents) materially strengthen AWS’ enterprise AI offering and competitive position vs. Microsoft/Google. Read More.
• Positive Sentiment: Major hyperscaler wins: AWS secured a large Meta deal to deploy Graviton cores, and new enterprise contracts reinforce durable demand for AWS infrastructure. Those commercial wins increase revenue visibility. Read More.
• Neutral Sentiment: Analyst sentiment is bullish and crowded — firms raised price targets (e.g., Mizuho to $325), which supports upside, but high expectations increase the risk of a short‑term pullback if guidance or margin commentary disappoints. Read More.
• Neutral Sentiment: Earnings acted as the proximate catalyst — the report and call came after the bell, so intraday moves reflect real‑time digestion of results and management commentary. Read More.
• Negative Sentiment: Heavy AI capex and elevated spending: Amazon disclosed very large investments (multi‑year AI infrastructure build‑out), and higher reported capex and operating‑income guidance below some estimates raise near‑term margin concerns. Read More.
• Negative Sentiment: Regulatory risk: EU signaled plans to target cloud and AI under new Big Tech rules — could mean higher compliance costs or business constraints in Europe over time. Read More.
• Negative Sentiment: Minor insider selling: a director sold shares under a pre‑arranged 10b5‑1 plan — typically routine but sometimes watched by investors for signaling. Read More.

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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