SageGuard Financial Group LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,606 shares of the e-commerce giant's stock after selling 3,346 shares during the quarter. Amazon.com accounts for approximately 3.0% of SageGuard Financial Group LLC's holdings, making the stock its 6th biggest holding. SageGuard Financial Group LLC's holdings in Amazon.com were worth $19,495,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in AMZN. Norges Bank purchased a new stake in Amazon.com during the fourth quarter valued at about $32,868,735,000. Auto Owners Insurance Co increased its holdings in shares of Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant's stock worth $2,272,397,000 after buying an additional 98,090,585 shares during the period. J. Stern & Co. LLP lifted its stake in shares of Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock valued at $20,308,193,000 after acquiring an additional 87,557,736 shares during the last quarter. Nuveen LLC purchased a new stake in Amazon.com during the 1st quarter valued at about $11,674,091,000. Finally, Cardano Risk Management B.V. boosted its holdings in Amazon.com by 879.4% during the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock valued at $6,431,199,000 after acquiring an additional 25,017,588 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.
Insider Buying and Selling
In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the completion of the transaction, the chief executive officer owned 14,159 shares in the company, valued at approximately $3,729,480.60. This represents a 52.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the firm's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total value of $620,003.94. Following the transaction, the vice president directly owned 119,780 shares of the company's stock, valued at $31,427,876.40. This represents a 1.93% decrease in their position. 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. Insiders sold 195,774 shares of company stock valued at $51,643,704 over the last 90 days. 8.90% of the stock is currently owned by company insiders.
Key Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon’s new bond sale is being seen as a funding tool for AI infrastructure, reinforcing the company’s push into cloud computing and custom silicon while supporting future AWS growth. Fresh foods boost Amazon Now demand in Brazil, executive says
- Positive Sentiment: Several reports argued Amazon’s stock looks attractive or historically cheap, citing strong AWS growth prospects, Prime Day strength, and a broader bullish analyst backdrop. Amazon's Stock Is Historically Cheap. Now Is Your Perfect Buying Opportunity
- Positive Sentiment: Coverage also highlighted Amazon’s AI strategy as a competitive advantage, including custom chips, enterprise AI demand, and growing support from Wall Street. Silicon Starvation: Amazon Feasts on Legacy GPUs
- Neutral Sentiment: The bond offering may raise at least $25 billion, but some commentary noted it also signals higher leverage and adds another layer of debt to Amazon’s balance sheet as AI spending ramps. Amazon aims to raise $25 billion from bond sale, Bloomberg News reports
Analysts Set New Price Targets
A number of equities analysts have commented on the company. William Blair reaffirmed an "outperform" rating on shares of Amazon.com in a research note on Thursday, April 9th. TD Cowen restated a "buy" rating and issued a $350.00 target price on shares of Amazon.com in a report on Tuesday, May 12th. Oppenheimer lifted their target price on shares of Amazon.com from $275.00 to $320.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Telsey Advisory Group increased their price target on shares of Amazon.com from $300.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $325.00 price target (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $312.79.
Check Out Our Latest Stock Report on Amazon.com
Amazon.com Price Performance
AMZN stock opened at $245.98 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. The firm has a 50-day moving average of $253.99 and a 200 day moving average of $234.98. The company has a market cap of $2.65 trillion, a P/E ratio of 29.42, a PEG ratio of 1.82 and a beta of 1.46.
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 for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the prior year, the business earned $1.59 EPS. The business's revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 7.75 EPS for the current year.
Amazon.com Company Profile
(
Free Report)
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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