Amazon.com, Inc. $AMZN Shares Bought by Burns J W & Co. Inc. NY

Key Points

• Burns J W & Co. Inc. NY increased its stake in Amazon by 1.6% in the first quarter, buying 2,230 additional shares and bringing its total holding to 139,877 shares worth about $29.1 million.
• Amazon reported strong quarterly results, with EPS of $2.78 versus the $1.63 consensus and revenue of $181.52 billion, up 16.6% year over year.
• Analysts remain upbeat on the stock, with several firms raising price targets and the broader consensus rating sitting at Moderate Buy with a target price of $312.78.

Burns J W & Co. Inc. NY increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,877 shares of the e-commerce giant's stock after acquiring an additional 2,230 shares during the quarter. Amazon.com comprises about 3.3% of Burns J W & Co. Inc. NY's investment portfolio, making the stock its 7th largest position. Burns J W & Co. Inc. NY's holdings in Amazon.com were worth $29,132,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. MilWealth Group LLC boosted its stake in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $45,000. Elkhorn Partners Limited Partnership lifted its holdings in Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 180 shares during the period. Fairway Wealth LLC lifted its holdings in Amazon.com by 95.6% in the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. lifted its holdings in Amazon.com by 87.7% in the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock valued at $53,000 after buying an additional 107 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $240.14 on Tuesday. The firm has a market cap of $2.58 trillion, a price-to-earnings ratio of 28.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The stock's 50-day moving average is $255.34 and its 200-day moving average is $234.27. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. 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 (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 (EPS) 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 business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period last year, the company earned $1.59 earnings per share. Amazon.com's quarterly revenue was up 16.6% on a year-over-year basis. Equities analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: Amazon’s Prime Day results point to robust consumer demand and a likely revenue boost for its retail business. Article Title
• Positive Sentiment: Higher AWS pricing and continued AI infrastructure spending may improve cloud margins and offset concerns about heavy AI investment. Article Title
• Positive Sentiment: Amazon’s deeper push into AI, including AWS-related integrations and infrastructure expansion, is supporting the bullish long-term growth narrative. Article Title
• Neutral Sentiment: Analysts and commentators continue to debate whether Amazon’s reliance on Anthropic should change as Claude costs rise, but this is more of a strategic question than an immediate earnings driver. Article Title
• Neutral Sentiment: New competitive products from rivals like Kobo and broader commentary about AI-enabled shopping are notable, but they are not as directly market-moving for AMZN today. Article Title

Analysts Set New Price Targets

AMZN has been the subject of a number of analyst reports. Susquehanna reaffirmed a "positive" rating and set a $325.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Raymond James Financial reissued an "outperform" rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday, May 1st. UBS Group set a $315.00 price target on Amazon.com in a research report on Monday, June 1st. Oppenheimer lifted their price objective on Amazon.com from $275.00 to $320.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Finally, TD Securities upgraded Amazon.com to a "buy" rating in a report on Monday, April 13th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $312.78.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 9,270 shares of the firm's 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 completion of the transaction, the senior vice president owned 41,190 shares of the company's stock, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of Amazon.com stock in a transaction on 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 completion of the sale, the chief executive officer owned 14,159 shares in the company, valued at $3,729,480.60. The trade was a 52.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 195,774 shares of company stock valued at $51,614,434 over the last ninety days. Insiders own 8.90% of the company's stock.

Amazon.com Company 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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