Amazon.com, Inc. $AMZN Shares Sold by Birch Hill Investment Advisors LLC

Key Points

• Birch Hill Investment Advisors trimmed its Amazon stake by 1.1%, selling 6,033 shares and leaving it with 540,217 shares worth $124.7 million (about 5.2% of its portfolio and its second‑largest holding).
• Insider selling was notable: CEOs Douglas Herrington and Andy Jassy sold shares under pre‑arranged 10b5‑1 plans (Herrington 27,500 shares, Jassy 31,352 shares) and insiders disposed of 191,593 shares worth $46.29 million over the past three months.
• Fundamentals and analyst sentiment remain strong — Amazon topped Q1 estimates (EPS $2.78 vs. $1.63 consensus; revenue $181.5B vs. $177.3B), AWS growth is reaccelerating, and most analysts have raised price targets (average target ~$313 with predominantly Buy ratings).

Birch Hill Investment Advisors LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 540,217 shares of the e-commerce giant's stock after selling 6,033 shares during the period. Amazon.com makes up about 5.2% of Birch Hill Investment Advisors LLC's investment portfolio, making the stock its 2nd largest holding. Birch Hill Investment Advisors LLC's holdings in Amazon.com were worth $124,693,000 as of its most recent SEC filing.

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

Trending Headlines about Amazon.com

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

• Positive Sentiment: Q1 outperformance and reaccelerating AWS growth support the bull case — earnings and revenue beat consensus, helping justify higher analyst targets. Is Amazon a Must-Buy After Q1 Beats?
• Positive Sentiment: Amazon opened its logistics stack to third parties (Amazon Supply Chain Services), creating a potential high‑margin revenue stream analogous to AWS for logistics. Amazon Opens Logistics Network
• Positive Sentiment: AWS Bedrock added agent payment capabilities and integrations with Coinbase and Stripe, expanding monetization routes for agentic AI and making Bedrock more sticky for enterprise partners. Bedrock Agent Payments Launch
• Positive Sentiment: Amazon Pharmacy will carry Novo Nordisk’s Ozempic pill with same‑day delivery and kiosks, widening health‑care revenue and stickiness. Amazon to Carry Ozempic
• Neutral Sentiment: Insider selling disclosed (pre‑arranged 10b5‑1 plans by executives including Andy Jassy) — routine for tax/planning but watched by the market. Jassy Form 4 Filing
• Neutral Sentiment: Regulatory/sovereignty noise: EU reports potential limits on US cloud providers for sensitive data — outcome uncertain but could complicate cloud sales in public sector. EU Cloud Sovereignty Report
• Negative Sentiment: Heavy AI/data‑center capex (massive 2026 spending program) is compressing free cash flow and fueling debate that Amazon may be overspending or creating concentrated revenue reliance on a few AI partners. That uncertainty is the main reason shares are under pressure. Is Amazon Overspending on AI?
• Negative Sentiment: Sectorwide layoffs and reallocation to a few hyperscalers (including Amazon) raise concentration and execution risks — skeptics warn Q1 gains could be a patchy, partner‑driven 'mirage'. Tech Layoffs and Hyperscaler Spending

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Stifel Nicolaus set a $319.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a report on Thursday, April 30th. Arete Research upped their price objective on shares of Amazon.com from $285.00 to $301.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. BNP Paribas Exane upped their price objective on shares of Amazon.com from $320.00 to $345.00 and gave the stock an "outperform" rating in a report on Tuesday. UBS Group reiterated a "buy" rating and issued a $333.00 price objective (up from $304.00) on shares of Amazon.com in a report on Wednesday, April 29th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average target price of $313.09.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 471,361 shares of the company's stock, valued at $129,624,275. This represents a 5.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the sale, the chief executive officer directly owned 2,175,766 shares in the company, valued at $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 sold 191,593 shares of company stock valued at $46,289,241 over the last three months. 8.90% of the stock is owned by company insiders.

Amazon.com Stock Down 1.4%

NASDAQ AMZN opened at $271.17 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average is $227.55 and its two-hundred day moving average is $228.72. The company has a market capitalization of $2.92 trillion, a price-to-earnings ratio of 32.44, a PEG ratio of 1.99 and a beta of 1.46. Amazon.com, Inc. has a 1-year low of $188.82 and a 1-year high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 7.98 earnings per share for the current fiscal year.

Amazon.com 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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