Amazon.com, Inc. $AMZN is Privium Fund Management B.V.'s 5th Largest Position

Key Points

• Privium Fund Management B.V. trimmed its Amazon stake by 18.8% in the fourth quarter, but AMZN still represents about 5.1% of its portfolio and remains its 5th largest holding.
• Amazon’s latest quarterly results beat expectations, with EPS of $2.78 versus $1.63 expected and revenue of $181.52 billion topping estimates. Revenue rose 16.6% year over year.
• Wall Street remains bullish on the stock, with multiple firms raising targets and Amazon carrying a consensus rating of Moderate Buy and an average price target of $312.66.

Privium Fund Management B.V. cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,000 shares of the e-commerce giant's stock after selling 28,000 shares during the period. Amazon.com accounts for about 5.1% of Privium Fund Management B.V.'s portfolio, making the stock its 5th largest position. Privium Fund Management B.V.'s holdings in Amazon.com were worth $27,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Amazon.com in the 2nd quarter valued at $27,438,011,000. Nuveen LLC acquired a new stake in Amazon.com during the 1st quarter worth about $11,674,091,000. Laurel Wealth Advisors LLC grew its stake in Amazon.com by 22,085.8% during the 2nd 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 during the last quarter. Goldman Sachs Group Inc. grew its stake in Amazon.com by 21.3% during the 1st 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 during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of 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 during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $274.00 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The stock has a market capitalization of $2.95 trillion, a price-to-earnings ratio of 32.78, a PEG ratio of 2.04 and a beta of 1.46. The firm's 50 day simple moving average is $244.17 and its 200-day simple moving average is $232.34. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on AMZN shares. New Street Research lifted their target price on Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Bank of America increased their price target on shares of Amazon.com from $298.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. KeyCorp lifted their price objective on shares of Amazon.com from $325.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Wells Fargo & Company set a $312.00 price objective on shares of Amazon.com and gave the company an "overweight" rating in a report on Wednesday, May 20th. Finally, Wolfe Research reiterated an "outperform" rating and issued a $320.00 price objective (up from $245.00) on shares of Amazon.com in a research note on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $312.66.

Amazon.com News Summary

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

• Positive Sentiment: Amazon Web Services got a major lift from news that Snowflake signed a $6 billion multiyear deal with AWS, underscoring strong demand for Amazon’s cloud infrastructure and AI-related chips. Article Title
• Positive Sentiment: Multiple analysts and market commentators remain bullish on AMZN, citing AWS acceleration, AI backlog growth, and margin expansion potential; UBS and Bank of America both reiterated constructive views and high price targets. Article Title
• Positive Sentiment: Amazon is also broadening its AI moat by making its shopping AI tools and potentially even SpaceX’s Grok models available through AWS, which could attract more enterprise customers and deepen platform usage. Article Title
• Positive Sentiment: Investor sentiment was helped by coverage arguing Amazon’s AI strategy is differentiated and that its cloud and retail ecosystem could remain a long-term winner as AI spending scales. Article Title
• Neutral Sentiment: Walmart’s expansion of 30-minute delivery adds competitive pressure in fast delivery, but it also confirms Amazon’s fulfillment model is still setting the pace in retail logistics. Article Title
• Negative Sentiment: Amazon’s local unit is facing an Australian regulator lawsuit over alleged missing warning labels on children’s backpacks with button batteries, creating a small legal and reputational headwind. Article Title
• Negative Sentiment: Some articles also pointed to heavy AI capex and insider selling, which may remind investors to watch margins and execution even as the growth narrative stays intact. Article Title

Insider Activity

In other news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 14,159 shares of the company's stock, valued at $3,729,480.60. This represents a 52.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 2,175,766 shares in the company, valued at $598,335,650. This trade represents a 1.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 195,774 shares of company stock worth $51,552,494. 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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