Amazon.com, Inc. $AMZN is Westpac Banking Corp's 5th Largest Position

Key Points

• Westpac Banking Corp. cut its Amazon position by 11.1% in the first quarter, selling 27,347 shares. It still held 218,364 shares worth approximately $45.5 million, making Amazon 3.2% of its portfolio and its fifth-largest position.
• Amazon reported a strong quarter, with revenue rising 19.6% to $200.61 billion and earnings of $5.75 per share, well above the $1.82 consensus estimate. Institutional investors own approximately 72.2% of the company.
• Wall Street remains broadly bullish: 56 analysts rate Amazon a Buy and three rate it a Hold, with a consensus price target of $322.56. However, insider selling—including transactions by CEO Andy Jassy and SVP David Zapolsky—along with elevated AI spending and regulatory risks remain potential headwinds.

Westpac Banking Corp lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 11.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 218,364 shares of the e-commerce giant's stock after selling 27,347 shares during the period. Amazon.com accounts for 3.2% of Westpac Banking Corp's investment portfolio, making the stock its 5th biggest position. Westpac Banking Corp's holdings in Amazon.com were worth $45,479,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter valued at approximately $32,868,735,000. Auto Owners Insurance Co boosted its holdings in 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 valued at $2,272,397,000 after acquiring an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP raised its holdings in 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 worth $20,308,193,000 after purchasing an additional 87,557,736 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth about $11,674,091,000. Finally, Cardano Risk Management B.V. boosted its stake in shares of 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 purchasing an additional 25,017,588 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 2.3%

Amazon.com stock opened at $277.42 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The business's fifty day simple moving average is $246.29 and its two-hundred day simple moving average is $236.73. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $287.20. The company has a market capitalization of $2.99 trillion, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.81 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.Amazon.com's quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.68 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 8.39 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the transaction, the chief executive officer directly owned 2,205,766 shares of the company's stock, valued at approximately $581,042,879.72. This represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This represents a 18.37% 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 quarter, insiders have sold 76,867 shares of company stock valued at $20,253,702. 8.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on AMZN shares. Stifel Nicolaus set a $319.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a report on Thursday, April 30th. Moffett Nathanson raised their target price on Amazon.com from $283.00 to $288.00 and gave the company a "buy" rating in a research note on Tuesday, April 7th. Barclays reaffirmed an "overweight" rating and issued a $365.00 price target (up from $330.00) on shares of Amazon.com in a research note on Friday. Guggenheim reissued a "buy" rating and set a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, New Street Research boosted their target price on shares of Amazon.com from $280.00 to $350.00 and gave the company a "buy" rating in a report on Monday, May 4th. Fifty-six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $322.56.

More Amazon.com News

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

• Positive Sentiment: AWS growth is strengthening the AI investment case. Second-quarter revenue rose 19.6% to $200.6 billion, while AWS revenue increased 37% and operating income rose sharply. Investors are increasingly confident that Amazon’s infrastructure spending is translating into cloud demand, margins and future revenue visibility. Amazon AWS growth article
• Positive Sentiment: Analysts remain constructive. Multiple firms have raised price targets, with reported targets generally above the current share price. A large AWS backlog and accelerating AI-related demand are supporting the bullish outlook. Amazon analyst targets and AWS backlog
• Positive Sentiment: AI monetization is broadening. Amazon’s investment in Anthropic and its OpenAI partnership could increase demand for AWS chips and infrastructure. Personalized recommendations and AI features in Prime Video may also improve engagement and create additional monetization opportunities. Amazon Prime Video AI article
• Neutral Sentiment: Recent momentum may be vulnerable to profit-taking. Short covering and strong post-earnings buying helped drive the recent rally, but some analysts have downgraded Amazon to more moderate recommendations as valuation and expectations rise. Amazon rating downgrade
• Negative Sentiment: Bezos’ planned sale is the main near-term overhang. The proposed disposal, valued at roughly $4 billion to $4.7 billion, increases potential supply and has been interpreted as a sentiment “buzzkill” immediately after the stock’s record high. Jeff Bezos Amazon share sale
• Negative Sentiment: Risks from spending and regulation remain. Amazon faces very large AI capital commitments, negative free cash flow and future data-center lease obligations. New Jersey also sued over alleged delivery-network wage suppression, while a court allowed Perplexity’s AI shopping tools to continue operating on Amazon’s platform, potentially increasing competitive and security concerns. Big Tech AI data-center lease obligations

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.

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