Amazon.com, Inc. $AMZN Stake Boosted by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lifted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 867,012 shares of the e-commerce giant's stock after purchasing an additional 39,790 shares during the period. Amazon.com accounts for about 1.6% of Jupiter Asset Management Ltd.'s portfolio, making the stock its 7th largest holding. Jupiter Asset Management Ltd.'s holdings in Amazon.com were worth $200,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fairway Wealth LLC raised its stake in Amazon.com by 113.2% during the third 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 period. Sellwood Investment Partners LLC acquired a new position in shares of Amazon.com in the 3rd quarter valued at $27,000. MilWealth Group LLC raised its holdings in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after buying an additional 79 shares during the period. Bridge Generations Wealth Management LLC boosted its stake in Amazon.com by 2,330.0% during the third quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock worth $53,000 after buying an additional 233 shares during the period. Finally, Cooksen Wealth LLC lifted its holdings in shares of Amazon.com by 23.5% in the 2nd quarter. Cooksen Wealth LLC now owns 247 shares of the e-commerce giant's stock worth $54,000 after acquiring an additional 47 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon continues to expand its AI and cloud infrastructure, including a multibillion-dollar fiber-optic agreement with Corning to support U.S. data center buildout, which reinforces long-term growth opportunities for AWS and AI services.
• Positive Sentiment: Analysts remain upbeat on AMZN, with recent Buy/Outperform reiterations and price targets above current levels, suggesting Wall Street sees the pullback as a potential entry point rather than a fundamental problem.
• Positive Sentiment: Amazon also announced new partnerships and product initiatives, including Amazon One Medical’s collaboration with Baptist Health in South Florida and AI-powered warehouse robotics, both of which support its broader ecosystem and automation strategy.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Monday, May 4th. The shares were 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 in the company, valued at $129,624,275. This trade represents a 5.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the firm's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction 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. This trade represents a 18.37% 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 ninety days, insiders sold 195,774 shares of company stock worth $51,614,434. Corporate insiders own 8.90% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on AMZN. JPMorgan Chase & Co. raised their price target on Amazon.com from $280.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Guggenheim reaffirmed a "buy" rating and issued a $320.00 target price (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Barclays reissued an "overweight" rating on shares of Amazon.com in a research report on Tuesday. Susquehanna restated a "positive" rating and issued a $325.00 price objective (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $315.00 target price on shares of Amazon.com in a report on Friday, April 10th. Fifty-seven 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 MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $312.52.

Amazon.com Price Performance

AMZN stock opened at $244.19 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The business has a 50 day moving average price of $251.52 and a 200 day moving average price of $233.29. The stock has a market cap of $2.63 trillion, a price-to-earnings ratio of 29.21, a PEG ratio of 1.84 and a beta of 1.44.

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 the consensus estimate of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share. Equities research analysts anticipate that Amazon.com, Inc. will post 7.71 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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