Amazon.com, Inc. $AMZN is Perigon Wealth Management LLC's 6th Largest Position

Key Points

• Perigon Wealth Management trimmed its Amazon stake by 4.5% in Q4 and now holds 447,871 shares worth about $103.38 million, making AMZN its 6th largest position (≈1.8% of holdings).
• Insider and institutional selling is notable — CEO Andy Jassy sold 19,872 shares and insiders have sold 72,686 shares (~$14.9M) in the past three months, a potential sentiment risk if it continues.
• AWS/AI momentum and partnership wins are supporting a bullish view (analysts rate AMZN a "Moderate Buy" with a $287.29 consensus target), and Amazon recently beat revenue estimates ($213.39B, +13.6% YoY) despite a slight EPS miss.

Perigon Wealth Management LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447,871 shares of the e-commerce giant's stock after selling 21,318 shares during the quarter. Amazon.com comprises about 1.8% of Perigon Wealth Management LLC's holdings, making the stock its 6th largest position. Perigon Wealth Management LLC's holdings in Amazon.com were worth $103,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. American Capital Advisory LLC raised its position in Amazon.com by 63.9% during the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock valued at $1,774,000 after purchasing an additional 3,152 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in Amazon.com during the 3rd quarter valued at approximately $451,642,000. Baltimore Washington Financial Advisors Inc. raised its position in Amazon.com by 1.9% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant's stock valued at $52,667,000 after purchasing an additional 4,558 shares during the last quarter. Wealthfront Advisers LLC raised its position in Amazon.com by 3.9% during the 3rd quarter. Wealthfront Advisers LLC now owns 1,145,151 shares of the e-commerce giant's stock valued at $251,441,000 after purchasing an additional 42,707 shares during the last quarter. Finally, Pettee Investors Inc. raised its position in Amazon.com by 16.9% during the 3rd quarter. Pettee Investors Inc. now owns 19,623 shares of the e-commerce giant's stock valued at $4,309,000 after purchasing an additional 2,838 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Stock Up 0.6%

Shares of NASDAQ:AMZN opened at $239.89 on Tuesday. Amazon.com, Inc. has a 52-week low of $165.29 and a 52-week high of $258.60. The firm has a market capitalization of $2.58 trillion, a P/E ratio of 33.46, a P/E/G ratio of 1.79 and a beta of 1.38. The stock has a 50 day moving average price of $211.90 and a 200-day moving average price of $224.33. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.88 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.02). Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same period in the prior year, the company posted $1.86 EPS. The firm's revenue was up 13.6% on a year-over-year basis. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMZN. Roth Mkm reaffirmed a "buy" rating and set a $295.00 price target (up from $270.00) on shares of Amazon.com in a research report on Monday, January 26th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $300.00 price target on shares of Amazon.com in a research report on Friday, February 6th. DZ Bank raised Amazon.com to a "strong-buy" rating in a research report on Friday, February 6th. DA Davidson reaffirmed a "neutral" rating and set a $175.00 price target (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Amazon.com in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $287.29.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: OpenAI memo highlights a growing Amazon alliance, signaling that OpenAI is leaning on AWS to reach enterprise clients — this validates AWS as a core infrastructure winner in the generative-AI race and underpins upside to cloud revenue. OpenAI touts Amazon alliance in memo, says Microsoft has 'limited our ability' to reach clients
• Positive Sentiment: AWS momentum: social/analyst commentary points to an AI revenue run rate north of $15B and heavy data-center capex (large investments to support AI workloads). That reinforces the view that AWS is entering a higher-margin AI infrastructure cycle. Amazon Stock (AMZN) Opinions on AWS AI Revenue Milestone
• Positive Sentiment: CEO Andy Jassy is publicly emphasizing Amazon’s AI strategy (calling it a long-term opportunity), helping calm investors worried about near-term margin pressure from AI spending. Analyst pieces pick up Jassy’s message as a catalyst. Jassy Is Selling the Amazon AI Story: Should You Buy AMZN Stock Here?
• Positive Sentiment: Amazon Autos expansion: Amazon is broadening Amazon Autos to more brands (Chevrolet, Jeep, Kia, Mazda, Subaru) and 130+ cities — a new revenue channel that investors see as incremental GMV and customer engagement. Amazon's Car Sales Bet Is Getting Bigger With New Brands and More Cities
• Positive Sentiment: Product/partnership wins outside core retail — e.g., a LEO aviation antenna for 1 Gbps in‑flight Wi‑Fi and Delta tie-ups — highlight new monetization avenues (connectivity, devices, services). What's Going On With Amazon Stock Monday?
• Neutral Sentiment: Analyst nuance: Stifel trimmed its price target slightly (from $300 to $294) but kept a Buy — a small technical change that doesn’t alter the broad buy-side consensus. Stifel adjusts price target on Amazon
• Neutral Sentiment: New productized ways to trade AMZN (Roundhill WeeklyPay ETF) create derivative demand but can also introduce odd short-term flows; not a fundamental earnings driver. Amazon Pays You Weekly Now — Here’s the ETF Making It Happen
• Negative Sentiment: Insider and institutional selling flagged in data feeds (heavy insider disposals and some big fund reductions) — raises a governance/positioning watch flag that could pressure sentiment if it continues. Amazon Stock (AMZN) Opinions on AWS AI Revenue Milestone

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total value of $4,077,336.96. Following the sale, the chief executive officer owned 2,238,118 shares in the company, valued at $459,217,051.24. This represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of the company's stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.82, for a total value of $1,406,779.70. Following the completion of the sale, the chief executive officer owned 522,361 shares in the company, valued at $107,512,341.02. The trade was a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 72,686 shares of company stock worth $14,899,239. 10.80% of the stock is owned by insiders.

Amazon.com 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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.