Amazon.com, Inc. $AMZN Stake Lessened by Nixon Peabody Trust Co.

Key Points

• Nixon Peabody Trust Co. reduced its Amazon stake by 4.0% in the first quarter, selling 7,540 shares and leaving it with 179,902 shares worth about $37.5 million.
• Despite some mixed sentiment around Amazon’s debt-funded AI spending and regulatory risks, Wall Street remains broadly bullish: analysts recently raised price targets, and the stock still carries a consensus Moderate Buy rating.
• Amazon’s latest quarterly results were strong, with earnings and revenue both beating estimates and revenue rising 16.6% year over year, while investors continue to focus on AWS growth and AI infrastructure investments.

Nixon Peabody Trust Co. cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 179,902 shares of the e-commerce giant's stock after selling 7,540 shares during the period. Amazon.com makes up about 3.0% of Nixon Peabody Trust Co.'s portfolio, making the stock its 8th largest holding. Nixon Peabody Trust Co.'s holdings in Amazon.com were worth $37,468,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Lifelong Wealth Advisors Inc. raised its stake in shares of 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 buying an additional 41 shares during the period. Financial Connections Group Inc. lifted its position in shares of 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 valued at $376,000 after buying an additional 42 shares in the last quarter. Marquette Asset Management LLC raised its position in Amazon.com by 5.1% during the fourth quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock worth $205,000 after acquiring an additional 43 shares during the period. Wernau Asset Management Inc. lifted its holdings in Amazon.com by 0.4% during the first quarter. Wernau Asset Management Inc. now owns 10,231 shares of the e-commerce giant's stock valued at $2,131,000 after purchasing an additional 43 shares in the last quarter. Finally, Western Financial Corp CA lifted its holdings in 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 purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Jefferies reiterated Amazon as a top pick, citing resilient Prime Day consumer spending, accelerating AWS growth, and an attractive valuation heading into the company’s upcoming quarterly report.
• Positive Sentiment: Wells Fargo raised its price target on Amazon, adding to the bullish analyst backdrop and reinforcing expectations for continued upside if earnings and cloud trends remain strong.
• Positive Sentiment: Several articles highlighted Amazon’s AI and cloud strengths, including optimism around AWS momentum, custom AI chips like Trainium, and the possibility that Amazon could broaden its AI compute business beyond internal use.
• Neutral Sentiment: Amazon’s planned $25 billion bond sale is part of its broader AI infrastructure buildout, showing management is still leaning into heavy investment to support future growth.
• Neutral Sentiment: Coverage also noted that Amazon is well positioned for future demand in data centers, cloud computing, and e-commerce, which keeps the long-term investment case intact despite near-term volatility.
• Negative Sentiment: The bond market showed weaker-than-average demand for Amazon’s debt offering and required wider concessions, signaling that investors may be getting more cautious about hyperscaler borrowing to fund AI spending.
• Negative Sentiment: New York’s move to pause new AI data centers, along with similar proposals in other states, could create a regulatory hurdle for Amazon’s future AI and cloud expansion plans.
• Negative Sentiment: Amazon’s shutdown plans in Quebec and ongoing criticism around AI-related job cuts also add a modest overhang on sentiment, though these issues appear less central than the financing and AI-growth debate.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AMZN shares. China Renaissance boosted their target price on shares of Amazon.com from $300.00 to $326.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Pivotal Research reaffirmed a "buy" rating and issued a $320.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Phillip Securities upgraded Amazon.com from a "moderate buy" rating to a "buy" rating and set a $280.00 price objective on the stock in a report on Wednesday, May 13th. Monness Crespi & Hardt boosted their price objective on Amazon.com from $280.00 to $315.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $315.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $312.79.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 31,352 shares of the company's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the transaction, the chief executive officer owned 2,175,766 shares of the company's stock, valued at $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the stock in a transaction dated 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 transaction, the senior vice president directly owned 41,190 shares of the company's stock, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their position. 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. Over the last quarter, insiders have sold 175,274 shares of company stock worth $46,621,204. Corporate insiders own 8.90% of the company's stock.

Amazon.com Trading Up 0.1%

Shares of AMZN stock opened at $247.49 on Wednesday. The company's 50-day moving average price is $252.16 and its 200-day moving average price is $235.57. 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 market cap of $2.66 trillion, a price-to-earnings ratio of 29.60, a PEG ratio of 1.84 and a beta of 1.46. Amazon.com, Inc. has a twelve month low of $196.00 and a twelve month high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 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%. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.59 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 7.75 earnings per share for the current 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.

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