Amazon.com, Inc. $AMZN Shares Sold by Cohen Klingenstein LLC

Key Points

• Cohen Klingenstein LLC trimmed its Amazon stake by 1.6% in Q4, selling 9,000 shares and leaving it with 539,575 shares valued at about $124.5 million, representing roughly 3.8% of the fund's holdings and its eighth-largest position.
• Amazon agreed to acquire satellite operator Globalstar for about $11.6 billion, gaining spectrum and direct-to-device capabilities to advance its Amazon Leo/Kuiper strategy and directly challenge SpaceX’s Starlink, though analysts say revenue benefits are likely long-dated.
• Insider and institutional activity shows notable selling: CEOs Matthew Garman and Andrew Jassy sold shares (17,751 and 19,872 respectively on Feb. 23), insiders sold 72,686 shares worth about $14.9 million over 90 days, while institutional ownership remains high at ~72.2%.

Cohen Klingenstein LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 539,575 shares of the e-commerce giant's stock after selling 9,000 shares during the quarter. Amazon.com makes up approximately 3.8% of Cohen Klingenstein LLC's holdings, making the stock its 8th largest position. Cohen Klingenstein LLC's holdings in Amazon.com were worth $124,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. American Capital Advisory LLC lifted its holdings in shares of Amazon.com by 63.9% in the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock worth $1,774,000 after purchasing an additional 3,152 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Amazon.com during the 3rd quarter valued at approximately $451,642,000. Baltimore Washington Financial Advisors Inc. grew its stake in Amazon.com by 1.9% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant's stock worth $52,667,000 after buying an additional 4,558 shares during the last quarter. Wealthfront Advisers LLC increased its position in Amazon.com by 3.9% in the third quarter. Wealthfront Advisers LLC now owns 1,145,151 shares of the e-commerce giant's stock worth $251,441,000 after buying an additional 42,707 shares during the period. Finally, Pettee Investors Inc. increased its position in Amazon.com by 16.9% in the third quarter. Pettee Investors Inc. now owns 19,623 shares of the e-commerce giant's stock worth $4,309,000 after buying an additional 2,838 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon agreed to acquire satellite operator Globalstar for about $11.6B to expand its Amazon Leo/Kuiper ambitions — the deal gives Amazon spectrum, operational assets and the ability to offer direct-to-device phone/data services (and ties into Apple iPhone emergency features), a strategic move that could meaningfully extend AWS/hardware revenue streams and position AMZN as a direct competitor to SpaceX’s Starlink. Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Starlink
• Positive Sentiment: A reported shift in the AI vendor landscape (OpenAI highlighting Amazon/AWS as a partner) and continued AWS AI revenue momentum reinforce the outlook for higher-margin cloud services — a structural tailwind for AMZN profits and investor sentiment. Is OpenAI outgrowing Microsoft? A new Amazon alliance raises the stakes.
• Positive Sentiment: Unusual bullish options activity and heavy call volume ahead of earnings signal trader conviction in near-term upside — a technical/flow catalyst that can amplify price moves into earnings. Heavy, Unusual Volume in Amazon Options Ahead of Earnings in Two Weeks
• Neutral Sentiment: Wall Street remains broadly constructive: multiple buy/outperform ratings and elevated price targets (median ~ $300) support the long-term bull case, but they’re largely consensus reinforcement rather than a new catalyst. Amazon.com Inc: Goldman Sachs Remains Its Buy Rating
• Neutral Sentiment: Analysts note the Globalstar purchase is strategically important but long-duration: it accelerates capabilities for 2028 direct-to-device services while not addressing near-term constraints (notably rocket launch capacity). This tempers how quickly the deal can boost revenues. Amazon's $11.6 billion Globalstar deal will not fix rocket launch bottleneck, analysts say
• Negative Sentiment: Operational/ESG risk: a worker death at an Oregon fulfillment center has drawn scrutiny and could create near-term reputational and regulatory attention. Amazon (AMZN) Worker Dies at Oregon Facility, Sparking Safety Concerns

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Scotiabank reissued an "outperform" rating and set a $275.00 price target (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. Moffett Nathanson increased their price objective on shares of Amazon.com from $283.00 to $288.00 and gave the stock a "buy" rating in a report on Tuesday, April 7th. The Goldman Sachs Group reiterated a "buy" rating on shares of Amazon.com in a research report on Tuesday. Wells Fargo & Company boosted their target price on shares of Amazon.com from $304.00 to $305.00 and gave the company an "overweight" rating in a research note on Thursday, April 2nd. Finally, Citizens Jmp restated a "market outperform" rating and issued a $315.00 price target on shares of Amazon.com in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $287.29.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer directly owned 9,405 shares of the company's stock, valued at approximately $1,930,094.10. This trade represents a 65.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total value of $4,077,336.96. Following the transaction, the chief executive officer owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. This trade represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 72,686 shares of company stock valued at $14,899,239. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of AMZN opened at $249.04 on Wednesday. The firm has a 50-day moving average price of $212.10 and a 200 day moving average price of $224.54. The firm has a market capitalization of $2.68 trillion, a PE ratio of 34.73, a P/E/G ratio of 1.80 and a beta of 1.38. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. Amazon.com, Inc. has a 52-week low of $165.29 and a 52-week high of $258.60.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). The company had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The firm's quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 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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