Amazon.com, Inc. $AMZN Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp cut its Amazon stake by 4.7% in the fourth quarter, selling 13,991 shares and leaving it with 280,768 shares valued at about $64.8 million.
• Amazon continues to have strong institutional support, with 72.2% of shares owned by institutional investors and hedge funds, even as some investors adjusted their positions.
• Analyst sentiment remains bullish: several firms raised targets or upgraded the stock, and Amazon also recently posted better-than-expected earnings and revenue, topping consensus estimates for the quarter.

Boston Trust Walden Corp reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,768 shares of the e-commerce giant's stock after selling 13,991 shares during the quarter. Boston Trust Walden Corp's holdings in Amazon.com were worth $64,807,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Amazon.com during the 2nd quarter valued at $27,438,011,000. Nuveen LLC acquired a new position in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. Laurel Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 12,122,668 shares during the period. Goldman Sachs Group Inc. increased its position in shares of 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 purchasing an additional 10,176,835 shares during the period. Finally, Capital Research Global Investors increased its position in shares of 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 purchasing an additional 9,583,217 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BNP Paribas Exane lifted their price target on Amazon.com from $320.00 to $345.00 and gave the company an "outperform" rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded Amazon.com from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, May 6th. UBS Group reiterated a "buy" rating and set a $333.00 price target (up from $304.00) on shares of Amazon.com in a research report on Wednesday, April 29th. TD Securities upgraded Amazon.com to a "buy" rating in a research report on Monday, April 13th. Finally, Argus reissued a "buy" rating and set a $325.00 price objective on shares of Amazon.com in a research note on Friday, February 6th. Fifty-six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $313.09.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon launched Amazon Now, a 30-minute delivery service in dozens of U.S. cities, reinforcing its push into ultra-fast commerce and potentially strengthening Prime and retail engagement. Amazon accelerates delivery race with 30-minute dropoffs in dozens of U.S. cities
• Positive Sentiment: TD Cowen reaffirmed a Buy rating on Amazon and set a $350 price target, signaling confidence in further upside from current levels. Analyst issues new Amazon (AMZN) stock price target
• Positive Sentiment: Amazon is expanding AI and cloud-related investment, including tapping overseas debt markets to help fund its AI infrastructure push, which supports the long-term growth narrative for AWS. Alphabet, Amazon tap overseas debt markets to fund AI infrastructure push
• Neutral Sentiment: Prime Video plans to invest at least 90 million euros in French-language film and TV production, underscoring international content spending but with a limited direct near-term financial impact. Amazon.com’s Prime Video Set to Invest 90 Million Euros in French Film and TV Production, Reuters Says
• Neutral Sentiment: Reports that Amazon workers are gaming internal AI tools and using them for trivial tasks are drawing scrutiny, but the stock reaction appears limited unless it points to wasted productivity or governance issues. Amazon staff use AI tool for unnecessary tasks to inflate usage scores
• Negative Sentiment: Amazon is facing some headline risk from a proposed class-action lawsuit over Fire TV Sticks and criticism around its rapid-delivery model, though these issues are smaller than the bullish catalysts above. Amazon Is Being Sued Over Fire TV Sticks That Stopped Working

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $265.82 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 31.80, a PEG ratio of 2.01 and a beta of 1.46. The stock's fifty day simple moving average is $231.12 and its 200 day simple moving average is $229.78. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results 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. The business 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 company's quarterly revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.59 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 7.72 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 3,706 shares of the firm's stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $273.02, for a total value of $1,011,812.12. Following the completion of the sale, the director owned 74,948 shares of the company's stock, valued at $20,462,302.96. This trade represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 10,649 shares of the firm's stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the completion of the sale, the senior vice president directly owned 41,190 shares of the company's stock, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 190,593 shares of company stock worth $46,081,241. 8.90% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding AMZN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amazon.com, Inc. (NASDAQ:AMZN - Free Report).

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.