Amazon.com, Inc. $AMZN Shares Sold by BSN CAPITAL PARTNERS Ltd

Key Points

• BSN CAPITAL PARTNERS Ltd cut its Amazon stake by 67.7% in the fourth quarter, selling 1.24 million shares and leaving it with 590,573 shares worth about $140.3 million.
• Analysts remain broadly bullish on Amazon, with multiple firms raising price targets and the consensus rating sitting at “Moderate Buy” with an average target price of $312.78.
• Amazon continues to show strong operating momentum, reporting Q1 EPS of $2.78 versus $1.63 expected and revenue of $181.52 billion, while also drawing attention for AI and cloud growth initiatives, including possible external sales of its Trainium chips.

BSN CAPITAL PARTNERS Ltd reduced its position in Amazon.com, Inc. (NASDAQ:AMZN) by 67.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 590,573 shares of the e-commerce giant's stock after selling 1,239,427 shares during the quarter. Amazon.com comprises about 6.3% of BSN CAPITAL PARTNERS Ltd's investment portfolio, making the stock its 6th biggest position. BSN CAPITAL PARTNERS Ltd's holdings in Amazon.com were worth $140,332,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMZN. Norges Bank purchased a new stake in shares of Amazon.com during the 4th quarter worth about $32,868,735,000. J. Stern & Co. LLP raised its holdings in Amazon.com by 20,598.0% in the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant's stock valued at $20,308,193,000 after buying an additional 87,557,736 shares during the period. Nuveen LLC purchased a new position in Amazon.com in the first quarter valued at approximately $11,674,091,000. Cardano Risk Management B.V. lifted its position in Amazon.com by 879.4% during the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant's stock valued at $6,431,199,000 after buying an additional 25,017,588 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its position in Amazon.com by 22,085.8% during the second 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 buying an additional 12,122,668 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com News Roundup

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

• Positive Sentiment: Analysts are increasingly bullish on Amazon’s AI and cloud positioning, with multiple firms reiterating Buy ratings and highlighting AWS as a long-term growth driver. Brian Pitz Reiterates Amazon as Top Pick, Maintains Buy Rating and $355 Price Target on Strengthening AI and Cloud Positioning
• Positive Sentiment: Amazon is reportedly exploring sales of its Trainium AI chips to external data center customers, which could open a new revenue stream and deepen its challenge to Nvidia. Amazon exploring selling its custom AI chips to data center customers
• Positive Sentiment: Prime Day is approaching, and Bank of America expects the event to drive strong sales while boosting adoption of Amazon’s AI shopping tools, including Alexa for Shopping. Bank of America Lays Out Expectations Ahead of Amazon Stock’s Prime Day
• Positive Sentiment: Amazon is investing more than €10 billion to expand its European fulfillment network, signaling continued support for e-commerce capacity and logistics efficiency. Amazon Commits €10 Billion for European fulfillment network
• Neutral Sentiment: Amazon is facing EU scrutiny over whether AWS should be classified as a “gatekeeper” under the Digital Markets Act, which could increase regulatory oversight for the cloud unit. Microsoft and Amazon Face EU Digital Markets Act Scrutiny Over Cloud Dominance
• Neutral Sentiment: Amazon MGM Studios dropped the nearly finished OpenAI film “Artificial” after the companies’ broader partnership shift, a move with limited direct financial impact but notable signaling value. Luca Guadagnino’s Sam Altman, OpenAI Film ‘Artificial’ Dropped by Amazon MGM Studios
• Negative Sentiment: Amazon is also dealing with employee and public scrutiny over AI data center expansion and labor practices, which could add regulatory and reputational pressure. Amazon investigating engineers who criticized AI data center expansion

Insider Activity

In other news, CEO Matthew S. Garman sold 15,467 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the sale, the chief executive officer directly owned 14,159 shares of the company's stock, valued at approximately $3,729,480.60. The trade was a 52.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Monday, May 4th. The stock was 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 trade represents a 5.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 195,774 shares of company stock valued at $51,614,434. Corporate insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMZN shares. Citigroup reiterated a "market outperform" rating on shares of Amazon.com in a research note on Monday, June 1st. Truist Financial raised their target price on shares of Amazon.com from $310.00 to $320.00 and gave the company a "buy" rating in a research note on Friday, May 29th. BMO Capital Markets lifted their target price on shares of Amazon.com from $310.00 to $315.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Monness Crespi & Hardt upped their price target on shares of Amazon.com from $280.00 to $315.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, BNP Paribas Exane increased their price target on Amazon.com from $320.00 to $345.00 and gave the company an "outperform" rating in a report on Tuesday, May 5th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $312.78.

Amazon.com Stock Performance

NASDAQ AMZN opened at $244.39 on Monday. The stock has a market cap of $2.63 trillion, a P/E ratio of 29.23, a PEG ratio of 1.83 and a beta of 1.45. The company's fifty day simple moving average is $256.51 and its 200-day simple moving average is $234.12. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. 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 released its quarterly earnings results 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. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same period last year, the business earned $1.59 EPS. The business's revenue was up 16.6% on a year-over-year basis. Equities research analysts predict that Amazon.com, Inc. will post 7.71 EPS 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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