Amazon.com, Inc. $AMZN Shares Acquired by Greenwood Gearhart Inc.

Key Points

• Greenwood Gearhart Inc. increased its Amazon stake by 3.4% in the fourth quarter, buying 4,033 more shares and bringing its total to 122,783 shares worth about $28.3 million.
• Amazon continues to enjoy strong Wall Street support, with 57 analysts rating it a Buy and the consensus price target standing at $312.52 after several recent target hikes.
• The company’s latest quarter beat expectations, with EPS of $2.78 and revenue of $181.52 billion, while upcoming Prime Day timing and new Alexa AI features could provide additional momentum.

Greenwood Gearhart Inc. lifted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,783 shares of the e-commerce giant's stock after buying an additional 4,033 shares during the period. Amazon.com makes up about 1.6% of Greenwood Gearhart Inc.'s holdings, making the stock its 24th biggest holding. Greenwood Gearhart Inc.'s holdings in Amazon.com were worth $28,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC boosted its position in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG boosted its position in Amazon.com by 2.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock worth $442,481,000 after purchasing an additional 54,987 shares during the period. Highview Capital Management LLC DE boosted its position in Amazon.com by 5.5% during the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after purchasing an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC purchased a new stake in Amazon.com during the 4th quarter worth $2,153,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AMZN shares. Pivotal Research reaffirmed a "buy" rating and set a $320.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. TD Securities raised shares of Amazon.com to a "buy" rating in a research report on Monday, April 13th. Raymond James Financial reaffirmed an "outperform" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, May 1st. Benchmark upped their price target on shares of Amazon.com from $275.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Truist Financial upped their price target on shares of Amazon.com from $310.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $312.52.

Amazon.com News Summary

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

• Positive Sentiment: Amazon moved Prime Day to June 23-26 and kept it a four-day event, which could lift near-term e-commerce sales and membership engagement. Reuters Prime Day article
• Positive Sentiment: The event will include new Alexa AI features, reinforcing Amazon’s AI strategy and potentially improving shopping conversion. Forbes article on Alexa AI-powered Prime Day
• Positive Sentiment: Analyst commentary remained constructive, with bullish Wall Street coverage and price-target increases helping support the stock. Zacks analyst article
• Neutral Sentiment: Amazon’s cloud and AI businesses continue to draw attention, including reports that AWS is expanding AI-related investment and that its Anthropic stake has become far more valuable. Business Insider article on Anthropic stake
• Negative Sentiment: Amazon faces fresh regulatory and legal pressure, including an EU cloud procurement review that could make it harder for AWS to win certain government contracts. Reuters EU cloud rules article
• Negative Sentiment: Amazon’s Ring unit was hit with a class-action privacy lawsuit over facial recognition features, adding to ongoing data-privacy scrutiny. Reuters Ring lawsuit article
• Negative Sentiment: Investor sentiment may also be weighed by a report that Stanley Druckenmiller sharply reduced his Amazon position, which can be read as a cautious signal from a high-profile fund manager. Motley Fool Druckenmiller article

Amazon.com Stock Performance

NASDAQ:AMZN opened at $256.52 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. The firm has a 50-day moving average of $246.43 and a two-hundred day moving average of $232.58. The stock has a market cap of $2.76 trillion, a P/E ratio of 30.68, a PEG ratio of 1.96 and a beta of 1.44. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $1.15. The company 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 firm's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.59 EPS. On average, research analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Matthew S. Garman sold 15,467 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $263.40, for a total value of $4,074,007.80. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the completion of the sale, the chief executive officer owned 471,361 shares in the company, valued at approximately $129,624,275. This trade represents a 5.51% 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. In the last quarter, insiders sold 194,774 shares of company stock valued at $51,348,244. Corporate insiders own 8.90% of the company's stock.

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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