Amazon.com, Inc. $AMZN Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Key Points

• Bank Julius Baer cut its Amazon stake by 11.5% in the fourth quarter, selling 505,001 shares and leaving it with 3.89 million shares valued at about $899 million.
• Institutional ownership remains high, with hedge funds and other large investors still holding 72.2% of Amazon’s stock, though several other funds made smaller position changes during the quarter.
• Amazon continues to draw attention for positive business momentum, including a new AI warehouse robot, a major European fulfillment expansion, and a $4 billion AWS cloud deal with Pinterest, even as insider selling and criticism of AI spending create some caution.

Bank Julius Baer & Co. Ltd Zurich lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,893,387 shares of the e-commerce giant's stock after selling 505,001 shares during the quarter. Amazon.com makes up 2.5% of Bank Julius Baer & Co. Ltd Zurich's holdings, making the stock its 8th biggest position. Bank Julius Baer & Co. Ltd Zurich's holdings in Amazon.com were worth $899,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Financial Strategies Group Inc. lifted its holdings in Amazon.com by 2.8% during the 4th quarter. Financial Strategies Group Inc. now owns 58,578 shares of the e-commerce giant's stock valued at $14,113,000 after purchasing an additional 1,591 shares during the last quarter. Fourier Capital Management Ltd acquired a new stake in Amazon.com during the 4th quarter valued at $1,238,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Amazon.com by 54.4% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 25,943 shares of the e-commerce giant's stock valued at $6,303,000 after purchasing an additional 9,136 shares during the last quarter. Bradyco Inc. lifted its holdings in Amazon.com by 0.3% during the 4th quarter. Bradyco Inc. now owns 36,358 shares of the e-commerce giant's stock valued at $8,392,000 after purchasing an additional 107 shares during the last quarter. Finally, Plancorp LLC lifted its holdings in Amazon.com by 0.4% during the 4th quarter. Plancorp LLC now owns 41,270 shares of the e-commerce giant's stock valued at $9,526,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com News Summary

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

• Positive Sentiment: Amazon unveiled a new AI-powered warehouse robot and announced a €10 billion expansion of its European fulfillment network, reinforcing the case for better logistics efficiency and long-term margin improvement. Article Title
• Positive Sentiment: Pinterest signed a $4 billion cloud deal with Amazon Web Services through 2031, a meaningful win for AWS that highlights continuing demand for Amazon’s cloud and AI infrastructure. Article Title
• Positive Sentiment: Several reports pointed to Amazon’s strengthening AI narrative, including bullish commentary on AWS, custom chips, advertising, and subscriptions as major profit drivers. Article Title
• Positive Sentiment: Amazon overtook Walmart as the largest U.S. company by revenue and surpassed $700 billion in annual sales, reinforcing its scale and execution strength. Article Title
• Positive Sentiment: Wall Street sentiment remains constructive, with Truist raising its price target to $320 and reiterating a Buy rating, which supports the stock’s broader uptrend. Article Title
• Neutral Sentiment: Amazon launched Prime in South Africa at a low monthly price, a modest international expansion that is positive strategically but unlikely to move the stock much by itself. Article Title
• Negative Sentiment: Amazon faces growing criticism over heavy AI/data-center spending while continuing layoffs, along with local pushback and regulatory scrutiny around expansion plans. Article Title
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged plan, which is usually routine but can still add to short-term caution when insider selling is already a talking point. Article Title

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 stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the transaction, the chief executive officer owned 471,361 shares in the company, valued at approximately $129,624,275. This represents a 5.51% decrease in their position. 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 have sold a total of 195,774 shares of company stock worth $51,614,434 over the last three months. Company insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AMZN. Bank of America lifted their target price on Amazon.com from $298.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. New Street Research lifted their target price on Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, May 4th. TD Cowen reissued a "buy" rating and set a $350.00 target price on shares of Amazon.com in a report on Tuesday, May 12th. Robert W. Baird lifted their target price on Amazon.com from $285.00 to $300.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus set a $319.00 target price on Amazon.com and gave the stock a "buy" rating 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $312.52.

Amazon.com Stock Up 1.5%

Shares of NASDAQ AMZN opened at $253.79 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The stock has a market capitalization of $2.73 trillion, a P/E ratio of 30.36, a PEG ratio of 1.87 and a beta of 1.44. The stock's fifty day moving average is $249.18 and its 200 day moving average is $232.89.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 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 company had revenue of $181.52 billion for the quarter, compared to analysts' expectations of $177.28 billion. During the same quarter last year, the business earned $1.59 earnings per share. Amazon.com's revenue was up 16.6% on a year-over-year basis. Sell-side analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

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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