Amazon.com, Inc. $AMZN Shares Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue trimmed its Amazon stake by 6.2%, selling 76,297 shares and leaving it with 1,155,651 shares worth about $266.7 million, making AMZN its 4th largest holding (~2.8% of the fund).
• Q1 results beat expectations: Amazon reported $181.5B revenue and $2.78 EPS, with AWS reaccelerating (~28% cloud growth) and strong revenue guidance driven by AI demand, but the company warned of large multi‑year AI capex that could pressure near‑term margins.
• Insider selling: CEO Andrew R. Jassy sold 31,000 shares and Douglas J. Herrington sold 20,500 shares under 10b5‑1 plans, part of 128,035 shares (~$28.8M) sold by insiders in the last 90 days; insiders now own 8.9% of the stock.

State of Alaska Department of Revenue lessened its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,155,651 shares of the e-commerce giant's stock after selling 76,297 shares during the period. Amazon.com makes up approximately 2.8% of State of Alaska Department of Revenue's holdings, making the stock its 4th largest position. State of Alaska Department of Revenue's holdings in Amazon.com were worth $266,746,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fairway Wealth LLC lifted its position in shares of Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC acquired a new position in Amazon.com in the 3rd quarter valued at approximately $27,000. Bridge Generations Wealth Management LLC raised its holdings in Amazon.com by 2,330.0% in the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock valued at $53,000 after acquiring an additional 233 shares in the last quarter. Cooksen Wealth LLC raised its holdings in Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock valued at $54,000 after acquiring an additional 47 shares in the last quarter. Finally, PayPay Securities Corp raised its holdings in Amazon.com by 62.3% in the 3rd quarter. PayPay Securities Corp now owns 250 shares of the e-commerce giant's stock valued at $55,000 after acquiring an additional 96 shares in 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: Q1 results beat estimates — revenue $181.5B (+17% YoY) and EPS topped expectations; management gave strong revenue guidance for Q2, which reassures growth investors and supports multiple expansion. Read More.
• Positive Sentiment: AWS reaccelerated: cloud revenue grew ~28% and topped estimates, driven by AI demand — investors see higher‑margin cloud and AI services as the core earnings lever. Read More.
• Positive Sentiment: OpenAI models coming to AWS Bedrock (limited preview) and rapid product launches (Amazon Quick, Bedrock Managed Agents) materially strengthen AWS’ enterprise AI offering and competitive position vs. Microsoft/Google. Read More.
• Positive Sentiment: Major hyperscaler wins: AWS secured a large Meta deal to deploy Graviton cores, and new enterprise contracts reinforce durable demand for AWS infrastructure. Those commercial wins increase revenue visibility. Read More.
• Neutral Sentiment: Analyst sentiment is bullish and crowded — firms raised price targets (e.g., Mizuho to $325), which supports upside, but high expectations increase the risk of a short‑term pullback if guidance or margin commentary disappoints. Read More.
• Neutral Sentiment: Earnings acted as the proximate catalyst — the report and call came after the bell, so intraday moves reflect real‑time digestion of results and management commentary. Read More.
• Negative Sentiment: Heavy AI capex and elevated spending: Amazon disclosed very large investments (multi‑year AI infrastructure build‑out), and higher reported capex and operating‑income guidance below some estimates raise near‑term margin concerns. Read More.
• Negative Sentiment: Regulatory risk: EU signaled plans to target cloud and AI under new Big Tech rules — could mean higher compliance costs or business constraints in Europe over time. Read More.
• Negative Sentiment: Minor insider selling: a director sold shares under a pre‑arranged 10b5‑1 plan — typically routine but sometimes watched by investors for signaling. Read More.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 31,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $255.00, for a total value of $7,905,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,207,118 shares of the company's stock, valued at approximately $562,815,090. This represents a 1.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 20,500 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $245.00, for a total value of $5,022,500.00. Following the completion of the transaction, the chief executive officer directly owned 499,861 shares of the company's stock, valued at approximately $122,465,945. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 128,035 shares of company stock worth $28,827,479 in the last 90 days. 8.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have commented on AMZN shares. Oppenheimer upped their price target on Amazon.com from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Friday, April 24th. Barclays reaffirmed a "buy" rating on shares of Amazon.com in a report on Friday, April 17th. DA Davidson reaffirmed a "neutral" rating and issued a $175.00 price target (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. Sanford C. Bernstein upped their price target on Amazon.com from $265.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Finally, TD Cowen reaffirmed a "buy" rating and issued a $300.00 price target on shares of Amazon.com in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $289.39.

Amazon.com Trading Up 1.3%

Shares of AMZN opened at $263.04 on Thursday. Amazon.com, Inc. has a 1 year low of $178.85 and a 1 year high of $265.91. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a 50 day simple moving average of $222.42 and a 200-day simple moving average of $227.08. The stock has a market cap of $2.83 trillion, a PE ratio of 36.69, a PEG ratio of 1.95 and a beta of 1.38.

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 $1.62 by $1.16. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.The business had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $176.98 billion. During the same period in the prior year, the firm posted $1.59 EPS. Amazon.com's quarterly revenue was up 16.6% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Amazon.com Company 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.