Amazon.com, Inc. $AMZN Shares Purchased by Blue Bell Private Wealth Management LLC

Key Points

• Blue Bell Private Wealth Management boosted its Amazon stake by 39.8% in the fourth quarter, buying 2,678 more shares and bringing its total holdings to 9,405 shares worth about $2.17 million.
• Amazon reported strong quarterly results, with earnings of $2.78 per share versus $1.63 expected and revenue of $181.52 billion, topping analyst estimates and rising 16.6% year over year.
• Despite some insider selling by CEO Andrew J. Jassy and VP Shelley Reynolds, analysts remain bullish on Amazon, with 57 Buy ratings and an average price target of $312.52.

Blue Bell Private Wealth Management LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 39.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,405 shares of the e-commerce giant's stock after purchasing an additional 2,678 shares during the quarter. Blue Bell Private Wealth Management LLC's holdings in Amazon.com were worth $2,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. Norges Bank acquired a new stake in shares of Amazon.com during the 2nd quarter worth about $27,438,011,000. Nuveen LLC purchased a new position in Amazon.com during the 1st quarter valued at about $11,674,091,000. Laurel Wealth Advisors LLC boosted its holdings 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 acquiring an additional 12,122,668 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 acquiring an additional 10,176,835 shares during the period. Finally, Capital Research Global Investors boosted its holdings in Amazon.com by 11.3% during the 3rd 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 acquiring an additional 9,583,217 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

AMZN stock opened at $245.22 on Tuesday. The business has a 50 day moving average price of $250.62 and a 200 day moving average price of $233.14. The stock has a market cap of $2.64 trillion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.84 and a beta of 1.45. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

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 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 return on equity of 19.92% and a net margin of 12.22%.The firm's revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,000 shares of the business'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 transaction of $5,268,400.00. Following the completion of the sale, the chief executive officer owned 2,205,766 shares in the company, valued at $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the sale, the vice president owned 119,780 shares of the company's stock, valued at approximately $31,427,876.40. The trade was a 1.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 195,774 shares of company stock valued at $51,614,434 over the last 90 days. Insiders own 8.90% of the company's stock.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon signed a multibillion-dollar deal with Corning to supply optical fiber, cable, and connectivity products for its rapidly expanding U.S. AI data centers, reinforcing demand tied to AWS and the company’s infrastructure buildout. Amazon, Corning sign multi-billion-dollar deal to boost fiber optics manufacturing in US
• Positive Sentiment: The FCC gave Amazon Leo more flexibility on its satellite deployment timeline, easing execution pressure as Amazon races to build a Starlink competitor and expand its satellite internet ambitions. FCC gives Amazon Leo more leeway on its satellite deployment schedule
• Positive Sentiment: Amazon rolled out an Alexa AI shopping feature that lets U.S. customers create custom designs for print-on-demand products, adding another AI-driven consumer use case and potential commerce revenue stream. Amazon Deploys Alexa AI to Disrupt Print-on-Demand Market
• Positive Sentiment: Several articles highlighted Amazon as a favored AI and megacap stock, with investor commentary pointing to strong long-term fundamentals and continued cloud-led growth. Is Amazon Stock a Buy Right Now?
• Neutral Sentiment: Amazon’s Twitch CEO argued that live streaming offers more human connection than traditional social media; interesting for the platform, but not likely a major stock mover on its own. Twitch CEO: Social media has become ‘anti-social’ and can’t match the shared, human connection of live streaming
• Negative Sentiment: A report from Paubox claimed Amazon SES could expose protected health information in plaintext if encryption fails, which could raise reputational and compliance concerns if the issue gains traction. Amazon Says SES Requires TLS 1.2. Paubox Testing Shows It Doesn't.
• Negative Sentiment: The company continues to spend heavily on AI, data centers, satellites, and logistics, which supports long-term growth but can weigh on near-term sentiment if investors focus on capital intensity and returns. Amazon’s (AMZN) AI Spending Boom Is Creating a New Investor Debate

Analyst Upgrades and Downgrades

AMZN has been the subject of a number of research analyst reports. Jefferies Financial Group restated a "market outperform" rating on shares of Amazon.com in a report on Monday, June 1st. Rosenblatt Securities raised their target price on Amazon.com from $296.00 to $332.00 and gave the company a "buy" rating in a report on Thursday, April 30th. William Blair restated an "outperform" rating on shares of Amazon.com in a report on Thursday, April 9th. Truist Financial lifted their price objective on Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Finally, Piper Sandler reissued an "overweight" rating and set a $315.00 price objective (up from $260.00) on shares of Amazon.com in a research report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $312.52.

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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