Amazon.com, Inc. $AMZN is Bornite Capital Management LP's 3rd Largest Position

Key Points

• Bornite Capital Management increased its Amazon stake by 200% in the fourth quarter, making AMZN its 3rd largest position. The firm now owns 300,000 shares valued at about $69.2 million.
• Amazon continues to attract significant institutional interest, with several other funds also adding to their holdings. Overall, 72.20% of the stock is owned by hedge funds and other institutional investors.
• Amazon reported strong quarterly results, posting $2.78 EPS on $181.52 billion in revenue, both above expectations. Analysts remain broadly positive, with a consensus rating of Moderate Buy and an average price target of $312.78.

Bornite Capital Management LP increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 200.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,000 shares of the e-commerce giant's stock after purchasing an additional 200,000 shares during the period. Amazon.com makes up approximately 6.8% of Bornite Capital Management LP's portfolio, making the stock its 3rd largest position. Bornite Capital Management LP's holdings in Amazon.com were worth $69,246,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Amazon.com during the third quarter valued at approximately $451,642,000. Narwhal Capital Management lifted its stake in shares of Amazon.com by 2.3% during the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant's stock valued at $49,997,000 after buying an additional 4,854 shares during the period. Weaver Capital Management LLC lifted its stake in shares of Amazon.com by 13.6% during the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock valued at $9,063,000 after buying an additional 4,713 shares during the period. Ethos Financial Group LLC lifted its stake in shares of Amazon.com by 9.6% during the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock valued at $8,421,000 after buying an additional 3,196 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in shares of Amazon.com by 1.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant's stock valued at $52,667,000 after buying an additional 4,558 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com News Summary

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

• Positive Sentiment: Amazon continues to strengthen its AI and cloud position, with reports saying its custom chips are seeing strong demand in AWS and that its growing AI capabilities could help drive long-term upside. Article Title
• Positive Sentiment: Amazon expanded its logistics moat by launching less-than-truckload freight service for all U.S. businesses, which could improve its supply-chain offering and deepen its role in e-commerce infrastructure. Article Title
• Positive Sentiment: Amazon also signed a major patent license agreement with InterDigital covering Prime Video and devices, removing legal uncertainty and reinforcing its streaming and devices ecosystem. Article Title
• Neutral Sentiment: Analysts and commentators remain constructive on Amazon’s long-term fundamentals, pointing to e-commerce efficiency, AWS AI dominance, and potential value in its Anthropic investment, but these are more long-term catalysts than immediate trading drivers. Article Title
• Negative Sentiment: Investors are worried about Amazon’s heavy AI capital spending and new borrowing, which may pressure margins and free cash flow before the payback shows up. Article Title
• Negative Sentiment: Broader market pieces note that Amazon has lagged the S&P 500 recently and that its valuation has been hit by concerns over capex and softer near-term sentiment. Article Title

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 31,352 shares of the firm's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the transaction, the chief executive officer owned 2,175,766 shares of the company's stock, valued at approximately $598,335,650. This trade represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the firm's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction 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 approximately $3,729,480.60. This represents a 52.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $238.55 on Friday. The company's fifty day simple moving average is $253.49 and its 200-day simple moving average is $233.62. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.57 trillion, a PE ratio of 28.53, a P/E/G ratio of 1.79 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS 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 business had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter last year, the firm posted $1.59 EPS. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current year.

Analyst Ratings Changes

AMZN has been the topic of several recent analyst reports. Moffett Nathanson upped their price objective on shares of Amazon.com from $283.00 to $288.00 and gave the company a "buy" rating in a research note on Tuesday, April 7th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $330.00 price target (up from $280.00) on shares of Amazon.com in a research note on Thursday, April 30th. Piper Sandler set a $330.00 price target on shares of Amazon.com in a research note on Thursday. Jefferies Financial Group reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Monday, June 1st. Finally, New Street Research increased their price target on shares of Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $312.78.

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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