Assetmark Inc. Purchases 143,398 Shares of Amazon.com, Inc. $AMZN

Key Points

• Assetmark Inc. boosted its Amazon stake by 8.6%, buying 143,398 shares to hold 1,819,026 shares worth $419.868 million, making AMZN its 23rd largest position (~0.9% of the fund).
• Amazon’s Q1 results beat expectations — EPS $2.78 vs. $1.63 expected and revenue $181.52B vs. $177.28B, with faster AWS growth spurring analyst price‑target raises and a MarketBeat consensus of "Moderate Buy" at $308.55.
• Notable insider selling: CEO Andy Jassy sold 31,000 shares (~$7.9M) and insiders have sold 128,035 shares (~$28.8M) in the past 90 days, though insiders still own about 8.9% of the company.

Assetmark Inc. boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,819,026 shares of the e-commerce giant's stock after purchasing an additional 143,398 shares during the quarter. Amazon.com comprises 0.9% of Assetmark Inc.'s holdings, making the stock its 23rd biggest position. Assetmark Inc.'s holdings in Amazon.com were worth $419,868,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. American Capital Advisory LLC raised its holdings in shares of Amazon.com by 63.9% in the 3rd quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant's stock worth $1,774,000 after buying an additional 3,152 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in shares of Amazon.com in the 3rd quarter worth approximately $451,642,000. Weaver Capital Management LLC raised its holdings in shares of Amazon.com by 13.6% in the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant's stock worth $9,063,000 after buying an additional 4,713 shares in the last quarter. Ethos Financial Group LLC raised its holdings in shares of Amazon.com by 9.6% in the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant's stock worth $8,421,000 after buying an additional 3,196 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. raised its holdings in shares of Amazon.com by 1.9% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant's stock worth $52,667,000 after buying an additional 4,558 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a report on Saturday, January 10th. Wedbush dropped their target price on shares of Amazon.com from $340.00 to $300.00 and set an "outperform" rating for the company in a research report on Friday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $280.00 to $330.00 and gave the stock an "overweight" rating in a research report on Thursday. Argus reiterated a "buy" rating and set a $325.00 target price on shares of Amazon.com in a research report on Friday, February 6th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $325.00 target price (up from $275.00) on shares of Amazon.com in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $308.55.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 3,849 shares of the firm's stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $260.00, for a total value of $1,000,740.00. Following the completion of the sale, the director owned 78,654 shares in the company, valued at approximately $20,450,040. This trade represents a 4.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,000 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 2,207,118 shares of the company's stock, valued at approximately $562,815,090. The trade was a 1.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 128,035 shares of company stock worth $28,827,479. Corporate insiders own 8.90% of the company's stock.

Amazon.com Trading Up 0.8%

AMZN stock opened at $265.06 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The stock has a market capitalization of $2.85 trillion, a price-to-earnings ratio of 31.71, a P/E/G ratio of 1.97 and a beta of 1.38. Amazon.com, Inc. has a fifty-two week low of $183.85 and a fifty-two week high of $273.88. The business has a fifty day moving average price of $223.63 and a 200 day moving average price of $227.35.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 20.87%. The company's quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.59 EPS. Analysts expect that Amazon.com, Inc. will post 7.7 EPS for the current fiscal year.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Q1 results beat expectations — revenue and EPS topped estimates, with AWS growth accelerating to its fastest clip in quarters, validating Amazon’s AI/cloud strategy and boosting profitability outlook. Amazon beats cloud growth estimates
• Positive Sentiment: OpenAI models added to AWS Bedrock (limited preview) — expands Bedrock’s appeal to enterprise AI customers and helps AWS compete on model distribution and scale. OpenAI models on AWS Bedrock
• Positive Sentiment: Amazon disclosed a large AI chip/backlog commitment (Trainium/Graviton traction and reported chip commitments), signaling a new high‑margin revenue stream beyond cloud services. AWS chip backlog report
• Positive Sentiment: Wall Street reacted with widespread price‑target raises and buy/overweight reiterations, lifting investor conviction and providing technical/analyst support for the rally. Analyst price target hikes
• Positive Sentiment: Major cloud deals and customer wins (including multi‑year agreements) underscore durable enterprise demand for AWS capacity. Amazon signs major AWS deal
• Neutral Sentiment: Options flow spiked (large buyer interest in calls), which increases short‑term upside gamma and trading volume but can amplify intraday moves without changing fundamentals.
• Neutral Sentiment: Marketplace policy changes (seller payment overhaul) and new seller AI tools could improve monetization but may strain seller relations — impact on revenue mix is uncertain. Seller payment overhaul
• Negative Sentiment: Heavy AI capex and guidance nuance spooked some investors — management signaled sizable capex and rising memory/chip costs, which can compress near‑term margins and prompt profit‑taking despite strong revenue. CapEx concerns after Q1
• Negative Sentiment: Regulatory risk in Europe — officials signaled moves to target cloud/AI under new Big Tech rules, adding potential compliance costs and business constraints. EU targets cloud and AI
• Negative Sentiment: Insider sale disclosed (director sold shares under a 10b5‑1 plan) — routine but watched by investors and sometimes cited in short‑term trading narratives. Director share sale filing

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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