Amazon.com, Inc. $AMZN Shares Sold by Beaumont Financial Advisors LLC

Key Points

• Beaumont Financial Advisors reduced its Amazon stake by 1.4%, selling 2,225 shares and retaining 152,476 shares valued at approximately $31.8 million. Institutional investors and hedge funds collectively own 72.2% of Amazon.
• Analysts remain broadly bullish, with 57 Buy ratings and three Holds; Amazon has a consensus “Moderate Buy” rating and an average price target of $313.43.
• Amazon reported quarterly earnings of $2.78 per share and revenue of $181.52 billion, beating estimates, while recent developments include strong AWS demand and expansion into satellite connectivity. However, elevated capital spending, AI-strategy changes and expected earnings volatility remain risks.

Beaumont Financial Advisors LLC reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 152,476 shares of the e-commerce giant's stock after selling 2,225 shares during the quarter. Amazon.com makes up about 2.2% of Beaumont Financial Advisors LLC's portfolio, making the stock its 10th largest position. Beaumont Financial Advisors LLC's holdings in Amazon.com were worth $31,756,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AMZN. MilWealth Group LLC lifted 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 period. Lifetime Wealth Management P.C. acquired a new stake in Amazon.com during the fourth quarter worth approximately $45,000. Elkhorn Partners Limited Partnership increased 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 worth $46,000 after purchasing an additional 180 shares in the last quarter. Fairway Wealth LLC increased 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 worth $51,000 after purchasing an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. lifted its stake 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. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on AMZN. Scotiabank restated an "outperform" rating and issued a $325.00 price target (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Maxim Group upped their price objective on shares of Amazon.com from $290.00 to $315.00 and gave the company a "buy" rating in a report on Thursday, April 30th. DZ Bank increased their price objective on shares of Amazon.com from $295.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. TD Cowen restated a "buy" rating and issued a $340.00 target price (down from $350.00) on shares of Amazon.com in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $335.00 target price on shares of Amazon.com in a research report on Thursday, July 9th. Fifty-seven equities 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $313.43.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $230.86 on Wednesday. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56. The stock's 50 day moving average price is $247.03 and its 200-day moving average price is $236.20. The company has a market capitalization of $2.48 trillion, a PE ratio of 27.61, a PEG ratio of 1.73 and a beta of 1.46. 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 released its 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. The company had revenue of $181.52 billion for 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 business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.59 EPS. On average, equities analysts anticipate that Amazon.com, Inc. will post 7.76 EPS for the current year.

Key Amazon.com News

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

• Positive Sentiment: Amazon Web Services received several new business boosts. AI company Recursive Superintelligence announced a $400 million AWS compute agreement, while Ryanair extended its AWS AI partnership. These deals support the view that accelerating cloud and AI demand could help justify Amazon’s large infrastructure investments. Recursive Superintelligence AWS deal
• Positive Sentiment: Amazon is expanding potential growth markets. Prime Video will carry exclusive NHL playoff games in Canada, and Amazon Leo is seeking approval for as many as 5,105 satellites to provide direct-to-device voice and data services beginning in 2028. The satellite initiative, supported by Amazon’s planned Globalstar acquisition, could broaden its connectivity opportunity but will require substantial investment. Amazon satellite network
• Positive Sentiment: Bank of America reportedly sees a sizable mark-to-market gain from Amazon’s approximately $13 billion Anthropic stake, offering a potential valuation boost when results are released. Analysts remain broadly bullish; Mizuho lowered its target modestly to $320 while retaining an outperform rating. Amazon’s Anthropic stake
• Neutral Sentiment: Amazon is reportedly winding down many Nova AI models and reorganizing its AI teams around a new frontier-model effort. Management may be reallocating resources toward a more competitive product, but the change also raises questions about execution and the returns on prior AI spending. Amazon AI strategy overhaul
• Negative Sentiment: Options markets imply an unusually large move of about 6.9% around earnings. Investors will focus on AWS growth, operating margins, free cash flow, Prime Day effects and whether Amazon raises its already-heavy capital-spending outlook. Short sellers are also increasing positions ahead of the report, reflecting elevated downside risk. Amazon earnings volatility

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 9,270 shares of the firm's stock in a transaction that occurred 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 directly 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 position. The transaction was disclosed in a filing 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 Andrew R. Jassy sold 31,352 shares of Amazon.com stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the transaction, the chief executive officer owned 2,175,766 shares of the company's stock, valued at approximately $598,335,650. This trade represents a 1.42% decrease in their ownership of the stock. 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 140,425 shares of company stock valued at $37,715,464 in the last quarter. 8.90% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.