Amazon.com, Inc. $AMZN Shares Sold by Highview Capital Management LLC DE

Key Points

• Highview Capital Management trimmed its Amazon stake by 7.3% in the fourth quarter, selling 2,203 shares and leaving it with 28,156 shares worth about $6.5 million. Amazon still represented about 2.3% of the fund’s portfolio.
• Amazon’s latest quarterly results were strong, with EPS of $2.78 and revenue of $181.52 billion, both above analyst expectations. Revenue rose 16.6% year over year, reinforcing the company’s growth momentum.
• Analysts remain broadly constructive on AMZN, with several raising price targets after earnings and a consensus rating of Moderate Buy. The average price target currently stands at $313.09, above the stock’s recent trading range.

Highview Capital Management LLC DE lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 7.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,156 shares of the e-commerce giant's stock after selling 2,203 shares during the quarter. Amazon.com makes up about 2.3% of Highview Capital Management LLC DE's portfolio, making the stock its 11th biggest holding. Highview Capital Management LLC DE's holdings in Amazon.com were worth $6,499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lifelong Wealth Advisors Inc. boosted its stake in Amazon.com by 2.4% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock worth $402,000 after purchasing an additional 41 shares during the last quarter. Financial Connections Group Inc. boosted its stake in Amazon.com by 2.6% during the 4th quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock worth $376,000 after purchasing an additional 42 shares during the last quarter. Marquette Asset Management LLC boosted its stake in Amazon.com by 5.1% during the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock worth $205,000 after purchasing an additional 43 shares during the last quarter. Western Financial Corp CA boosted its stake in Amazon.com by 1.5% during the 4th quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock worth $710,000 after purchasing an additional 44 shares during the last quarter. Finally, Cadence Wealth Management LLC boosted its stake in Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock worth $292,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

More Amazon.com News

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

• Positive Sentiment: Amazon’s latest earnings beat showed stronger-than-expected revenue and profits, while AWS growth and AI-related demand continue to support the long-term growth narrative. Amazon Over Spending on AI?
• Positive Sentiment: Amazon is opening its logistics network to outside customers through Amazon Supply Chain Services, creating a new revenue stream beyond retail and cloud. Amazon Bets Logistics Is the New Cloud
• Positive Sentiment: Amazon Pharmacy is expanding access to Novo Nordisk’s Ozempic pill through same-day delivery and kiosks, adding another growth angle in healthcare. Amazon to Carry Ozempic
• Positive Sentiment: Several analysts have raised price targets after the Q1 report, reflecting confidence that Amazon can keep compounding growth. Analyst Target Raises
• Neutral Sentiment: CEO Andy Jassy sold shares under a pre-arranged trading plan, which is notable but does not necessarily signal a change in fundamentals. Jassy Share Sale
• Neutral Sentiment: Some articles highlighted concerns about Amazon’s heavy AI and data-center spending, but investors appear willing to give the company time to convert that investment into future growth. Cash Burn Concern
• Negative Sentiment: An AWS cooling issue caused a brief outage that disrupted services at other platforms, reminding investors that cloud reliability remains a key risk for Amazon Web Services. AWS Outage

Amazon.com Stock Down 0.0%

Shares of AMZN opened at $272.62 on Monday. The firm has a market cap of $2.93 trillion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 2.04 and a beta of 1.46. Amazon.com, Inc. has a 12-month low of $191.16 and a 12-month high of $278.56. The company's 50-day moving average price is $227.55 and its 200 day moving average price is $228.72. 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 (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. Amazon.com's revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 EPS. On average, sell-side analysts forecast that Amazon.com, Inc. will post 7.72 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on AMZN shares. President Capital reduced their price target on Amazon.com from $320.00 to $296.00 and set a "buy" rating on the stock in a report on Tuesday, February 10th. Telsey Advisory Group lifted their price target on Amazon.com from $300.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, April 30th. New Street Research lifted their price target on Amazon.com from $280.00 to $350.00 and gave the stock a "buy" rating in a report on Monday, May 4th. Benchmark lifted their price target on Amazon.com from $275.00 to $370.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, UBS Group reiterated a "buy" rating and set a $333.00 price target (up from $304.00) on shares of Amazon.com in a report on Wednesday, April 29th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $313.09.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 3,706 shares of the business's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $273.02, for a total value of $1,011,812.12. Following the sale, the director directly owned 74,948 shares in the company, valued at approximately $20,462,302.96. The trade was a 4.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief executive officer directly owned 471,361 shares of the company's stock, valued at approximately $129,624,275. This represents a 5.51% decrease in their ownership of the stock. 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. Insiders have sold a total of 191,593 shares of company stock valued at $46,289,241 in the last quarter. Corporate insiders own 8.90% of the company's stock.

About Amazon.com

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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