Amazon.com, Inc. $AMZN Shares Sold by Seven Mile Advisory

Key Points

• Seven Mile Advisory cut its Amazon stake by 13.4% in the fourth quarter, selling 4,981 shares and leaving it with 32,210 shares valued at about $7.44 million.
• Amazon insiders have also been selling: SVP David Zapolsky sold 9,270 shares and CEO Douglas J. Herrington sold 1,000 shares, with insider sales totaling 195,774 shares in the last quarter.
• Despite the selling, sentiment remains upbeat on the business thanks to strong earnings and AI/cloud investment plans, including a multibillion-dollar Missouri data center campus and raised analyst targets; Amazon recently beat quarterly EPS and revenue estimates, and analysts still rate the stock a Moderate Buy.

Seven Mile Advisory trimmed its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,210 shares of the e-commerce giant's stock after selling 4,981 shares during the quarter. Amazon.com makes up 1.3% of Seven Mile Advisory's holdings, making the stock its 25th largest holding. Seven Mile Advisory's holdings in Amazon.com were worth $7,435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Lifelong Wealth Advisors Inc. grew its holdings in shares of Amazon.com by 2.4% during the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock valued at $402,000 after buying an additional 41 shares in the last quarter. Financial Connections Group Inc. grew its holdings in shares of Amazon.com by 2.6% during the fourth quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock valued at $376,000 after buying an additional 42 shares in the last quarter. Marquette Asset Management LLC grew its holdings in shares of Amazon.com by 5.1% during the fourth quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock valued at $205,000 after buying an additional 43 shares in the last quarter. Western Financial Corp CA grew its holdings in shares of Amazon.com by 1.5% during the fourth quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock valued at $710,000 after buying an additional 44 shares in the last quarter. Finally, Navalign LLC grew its holdings in shares of Amazon.com by 0.3% during the fourth quarter. Navalign LLC now owns 13,349 shares of the e-commerce giant's stock valued at $3,081,000 after buying an additional 44 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, SVP David Zapolsky sold 9,270 shares of the business's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares of the company's stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $266.19, for a total value of $266,190.00. Following the completion of the sale, the chief executive officer directly owned 485,527 shares of the company's stock, valued at $129,242,432.13. This represents a 0.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 195,774 shares of company stock valued at $51,614,434. 8.90% of the stock is currently owned by company insiders.

Amazon.com News Summary

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

• Positive Sentiment: Amazon announced a multibillion-dollar data center campus in Missouri, which investors see as another sign the company is ramping up AI and cloud infrastructure spending to support future growth. Amazon to invest billions in Missouri data center, stock gains 3%
• Positive Sentiment: Reports also highlighted Amazon’s broader AI capex plans, including a projected $200 billion spend this year and the rollout of its Graviton5 chip, reinforcing the view that AWS is building a stronger moat and improving margins. Amazon Stock (AMZN) Rises on This AI News
• Positive Sentiment: Analysts and commentators pointed to Amazon’s fifth straight earnings beat, fast AWS growth, and a strong chips business as reasons some investors remain optimistic about additional upside in AMZN. Can Amazon Reach $300 Per Share Before Year-End 2026?
• Neutral Sentiment: Amazon’s warning to U.S. officials about security issues in Anthropic’s advanced AI models led to government restrictions on those models, a development tied to Amazon’s AI investments but not directly a core revenue driver. Amazon CEO’s talks with U.S. officials triggered crackdown on Anthropic models
• Neutral Sentiment: Other coverage noted Amazon’s expansion into new markets, including Prime’s launch in South Africa and logistics services beyond its own marketplace, which supports the long-term growth story but is less likely to move the stock immediately. Amazon (AMZN) Moves To Unlock An Entire Continent, How Big Is The Target Market?
• Negative Sentiment: Some articles raised the flip side of Amazon’s aggressive spending: higher capex and valuation concerns could pressure near-term returns if investors focus on cash outlays before the infrastructure pays off. Amazon Accelerates India Infrastructure Push: How to Play the Stock

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AMZN shares. Scotiabank reiterated an "outperform" rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Guggenheim reiterated a "buy" rating and set a $320.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Monness Crespi & Hardt lifted their price target on Amazon.com from $280.00 to $315.00 and gave the company a "buy" rating in a report on Thursday, April 30th. TD Securities upgraded Amazon.com to a "buy" rating in a report on Monday, April 13th. Finally, Rosenblatt Securities lifted their price target on Amazon.com from $296.00 to $332.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $312.78.

Amazon.com Price Performance

AMZN opened at $246.02 on Tuesday. The stock has a market cap of $2.65 trillion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.79 and a beta of 1.45. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56. 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 has a fifty day moving average price of $254.21 and a 200 day moving average price of $233.79.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $1.15. The firm had revenue of $181.52 billion during 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 business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 earnings per share. Analysts forecast 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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