Amazon.com, Inc. $AMZN Stock Holdings Cut by Fisher Funds Management LTD

Key Points

• Fisher Funds Management LTD trimmed its stake in Amazon by 1.5%, selling 10,108 shares and now holds 683,197 shares worth $157.87 million, making AMZN its 2nd-largest holding at 4.1% of the fund's portfolio.
• Amazon beat Q1 expectations with $2.78 EPS (vs. $1.63 est.) and $181.52B revenue (vs. $177.28B est.), while launching Amazon Supply Chain Services and expanding same‑day fresh grocery to business customers.
• Analysts have grown more bullish—several firms raised price targets and the consensus is a Moderate Buy with an average target of $313.09 (56 Buys, 3 Holds)—but heavy AI-related capex is noted as a near‑term free‑cash‑flow risk.

Fisher Funds Management LTD trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 683,197 shares of the e-commerce giant's stock after selling 10,108 shares during the period. Amazon.com comprises 4.1% of Fisher Funds Management LTD's portfolio, making the stock its 2nd biggest holding. Fisher Funds Management LTD's holdings in Amazon.com were worth $157,866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Shelton Wealth Management LLC boosted its position in Amazon.com by 7.3% in the fourth quarter. Shelton Wealth Management LLC now owns 12,576 shares of the e-commerce giant's stock worth $2,903,000 after purchasing an additional 854 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Amazon.com by 0.6% in the fourth quarter. Whittier Trust Co. now owns 1,335,511 shares of the e-commerce giant's stock worth $321,765,000 after buying an additional 8,053 shares during the period. J.M. Arbour LLC bought a new position in shares of Amazon.com in the fourth quarter worth about $1,200,000. Iams Wealth Management LLC raised its stake in shares of Amazon.com by 44.8% in the fourth quarter. Iams Wealth Management LLC now owns 18,355 shares of the e-commerce giant's stock worth $4,237,000 after buying an additional 5,678 shares during the period. Finally, O Connor Financial Group LLC raised its stake in shares of Amazon.com by 2.8% in the fourth quarter. O Connor Financial Group LLC now owns 3,286 shares of the e-commerce giant's stock worth $786,000 after buying an additional 91 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on AMZN shares. DZ Bank raised their price objective on Amazon.com from $295.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday. Bank of America boosted their price target on Amazon.com from $298.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. TD Cowen reissued a "buy" rating and issued a $350.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Mizuho boosted their price target on Amazon.com from $315.00 to $325.00 and gave the stock an "outperform" rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. boosted their price target on Amazon.com from $280.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Fifty-six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $313.09.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $273.54 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a 1 year low of $183.85 and a 1 year high of $278.56. The stock's 50 day simple moving average is $224.90 and its two-hundred day simple moving average is $227.88. The company has a market cap of $2.94 trillion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.98 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share 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 the consensus estimate of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company'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 posted $1.59 EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 7.95 earnings per share for the current fiscal year.

Amazon.com News Summary

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

• Positive Sentiment: Amazon launched Amazon Supply Chain Services (ASCS), opening its freight/fulfillment/parcel network to outside businesses — a potential high-margin new revenue stream that markets liken to the AWS playbook. Read More.
• Positive Sentiment: Q1 results and management messaging reinforced the growth narrative: AWS growth reaccelerated, revenue and EPS beat consensus, and CEO Andy Jassy framed the AI capex as a longer‑term ROI bet — supporting the bull case. Read More.
• Positive Sentiment: Wall Street moved more bullish: several firms raised price targets (examples include BNP Paribas raising its target), which amplifies upside expectations and buyer appetite. Read More.
• Positive Sentiment: Amazon expanded same‑day fresh grocery deliveries to business customers (Amazon Business), extending addressable market and recurring order flows for grocery/fulfillment. Read More.
• Neutral Sentiment: Insider selling by executives/directors has been disclosed (Rule 10b5‑1 plan filings); these appear to be planned dispositions rather than signals of change in strategy. Read More.
• Neutral Sentiment: Amazon is rolling internal AI tooling (Claude Code, Codex) and experimenting with merging AI chat into core search — operational moves that can lift productivity and product UX but whose revenue timing is unclear. Read More.
• Negative Sentiment: CapEx and free‑cash‑flow pressure remain a risk: analysts highlight that heavy AI infrastructure spending has pushed FCF sharply lower in the near term, raising execution/timing risk if AWS/AI revenue doesn’t scale as expected. Read More.
• Negative Sentiment: Macro and inflationary commentary warns large hyperscaler AI spending could add cost pressure (energy, wages, tariffs), which would be a multiplier on margin/valuation risk across the sector. Read More.

Insider Activity

In other news, Director Jonathan Rubinstein sold 3,849 shares of the business's stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $260.00, for a total transaction of $1,000,740.00. Following the transaction, the director owned 78,654 shares of the company's stock, valued at approximately $20,450,040. The trade was a 4.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 that occurred 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 approximately $129,624,275. This represents a 5.51% 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. In the last quarter, insiders have sold 160,241 shares of company stock worth $37,667,441. Company 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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