Amazon.com, Inc. $AMZN Stock Holdings Lowered by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank trimmed its Amazon stake by 1.1% in the fourth quarter, though it still held 5.8 million shares worth about $1.34 billion, making AMZN its fifth-largest holding.
• Insider selling picked up, with SVP David Zapolsky and CEO Matthew S. Garman both selling shares; insiders sold 191,593 shares worth about $46.3 million in the last quarter.
• Wall Street remains bullish on Amazon, with 56 Buy ratings versus three Holds and an average price target of $313.09, while the company also posted strong Q1 results that beat expectations on both earnings and revenue.

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,801,756 shares of the e-commerce giant's stock after selling 67,172 shares during the quarter. Amazon.com accounts for approximately 2.9% of Zurcher Kantonalbank Zurich Cantonalbank's holdings, making the stock its 5th largest holding. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.05% of Amazon.com worth $1,339,161,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AMZN. Lifelong Wealth Advisors Inc. increased its holdings in 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 purchasing an additional 41 shares during the last quarter. Financial Connections Group Inc. increased its holdings in 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 worth $376,000 after purchasing an additional 42 shares during the last quarter. Marquette Asset Management LLC increased its holdings in Amazon.com by 5.1% during the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant's stock worth $205,000 after purchasing an additional 43 shares during the last quarter. Western Financial Corp CA increased its holdings in Amazon.com by 1.5% during the 4th quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant's stock worth $710,000 after purchasing an additional 44 shares during the last quarter. Finally, Cadence Wealth Management LLC increased its holdings in Amazon.com by 3.5% during the 3rd quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock worth $292,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 10,649 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total value of $2,187,624.07. Following the completion of the transaction, the senior vice president owned 41,190 shares in the company, valued at approximately $8,461,661.70. This trade represents a 20.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew S. Garman sold 17,751 shares of the business's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the transaction, the chief executive officer owned 9,405 shares of the company's stock, valued at $1,930,094.10. This represents a 65.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 191,593 shares of company stock worth $46,289,241 in the last quarter. Insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AMZN shares. Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a report on Monday, May 4th. TD Securities upgraded Amazon.com to a "buy" rating in a report on Monday, April 13th. Morgan Stanley lifted their price objective on Amazon.com from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Maxim Group lifted their price objective on Amazon.com from $290.00 to $315.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $325.00 price objective (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $313.09.

Amazon.com Price Performance

Shares of AMZN opened at $272.62 on Friday. The firm has a market cap of $2.93 trillion, a price-to-earnings ratio of 32.61, a PEG ratio of 1.96 and a beta of 1.46. The stock has a 50 day moving average of $227.55 and a 200-day moving average of $228.72. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a 52 week low of $191.16 and a 52 week high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to analyst estimates 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 was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.59 EPS. As a group, analysts forecast that Amazon.com, Inc. will post 7.98 EPS for the current year.

Key Amazon.com News

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

• Positive Sentiment: Amazon’s latest earnings beat showed stronger-than-expected revenue and profits, while AWS growth and AI-related demand continue to support the long-term growth narrative. Amazon Over Spending on AI?
• Positive Sentiment: Amazon is opening its logistics network to outside customers through Amazon Supply Chain Services, creating a new revenue stream beyond retail and cloud. Amazon Bets Logistics Is the New Cloud
• Positive Sentiment: Amazon Pharmacy is expanding access to Novo Nordisk’s Ozempic pill through same-day delivery and kiosks, adding another growth angle in healthcare. Amazon to Carry Ozempic
• Positive Sentiment: Several analysts have raised price targets after the Q1 report, reflecting confidence that Amazon can keep compounding growth. Analyst Target Raises
• Neutral Sentiment: CEO Andy Jassy sold shares under a pre-arranged trading plan, which is notable but does not necessarily signal a change in fundamentals. Jassy Share Sale
• Neutral Sentiment: Some articles highlighted concerns about Amazon’s heavy AI and data-center spending, but investors appear willing to give the company time to convert that investment into future growth. Cash Burn Concern
• Negative Sentiment: An AWS cooling issue caused a brief outage that disrupted services at other platforms, reminding investors that cloud reliability remains a key risk for Amazon Web Services. AWS Outage

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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