Atreides Management LP Acquires 28,913 Shares of Amazon.com, Inc. $AMZN

Key Points

• Atreides Management LP boosted its Amazon stake by 4.4% in the fourth quarter, adding 28,913 shares to reach 687,799 shares valued at about $158.8 million. Amazon now represents 1.9% of the fund’s portfolio and its 8th-largest holding.
• Institutional ownership in Amazon remains heavy, with multiple funds increasing positions and 72.2% of the stock owned by institutional investors and hedge funds. This suggests continued broad professional support for AMZN.
• Amazon’s recent headlines are mixed: the company is pushing further into AI, cloud, and quantum computing, but investors are also watching a potential FTC ad-practices case that could bring multibillion-dollar penalties. The stock has also faced pressure from broader market weakness and concerns about heavy AI spending.

Atreides Management LP increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 687,799 shares of the e-commerce giant's stock after acquiring an additional 28,913 shares during the quarter. Amazon.com comprises 1.9% of Atreides Management LP's portfolio, making the stock its 8th biggest holding. Atreides Management LP's holdings in Amazon.com were worth $158,758,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC grew its stake in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock valued at $5,495,000 after buying an additional 986 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant's stock valued at $442,481,000 after buying an additional 54,987 shares during the last quarter. Highview Capital Management LLC DE grew its stake in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock valued at $6,357,000 after buying an additional 1,518 shares during the last quarter. Finally, Liberty Square Wealth Partners LLC acquired a new position in Amazon.com in the 4th quarter valued at about $2,153,000. 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 expanded its AI and cloud footprint at AWS, unveiling new AI agents and continuing to push “plumbing” for business AI use cases, which supports the long-term growth narrative. Amazon unveils new AI agents, trying to thread the needle between autonomy and human control
• Positive Sentiment: The company also invested in and partnered with Odyssey, an AI startup building world models, reinforcing Amazon’s interest in next-generation AI infrastructure. Amazon Teams With Newly-Minted Physical AI Unicorn Odyssey
• Positive Sentiment: Amazon’s AI executive said commercially useful quantum computers could arrive in 5–7 years, a signal that the company is investing early in a potentially important frontier technology. Amazon AI exec predicts first 'commercially useful' quantum computers in 5-7 years
• Positive Sentiment: Amazon also backed Odyssey’s $310 million funding round and gained access to the startup’s specialized chip resources through AWS, another sign of strategic AI spending. AI lab Odyssey valued at $1.45 billion in latest funding round
• Neutral Sentiment: Arianespace successfully launched 36 Amazon Leo satellites, a milestone for Amazon’s broadband constellation, but the move is still more of a long-term strategic update than an immediate earnings driver. The New Ariane 6 with 4 P160C Boosters Successfully Launches Amazon LEO Satellites
• Negative Sentiment: Investors are increasingly focused on a reported FTC action over Amazon’s advertising practices, with potential multibillion-dollar penalties creating a regulatory overhang. Amazon faces billions in penalties from potential FTC ad suit, Bloomberg News reports
• Negative Sentiment: AMZN also moved lower amid broader market weakness and a hawkish Fed tone, which pressured high-multiple growth stocks. Amazon Shares Dip As Fed Signals Hawkish Shift
• Negative Sentiment: Some articles also highlighted concern that Amazon’s AI spending remains large relative to near-term returns, adding valuation pressure. Bad News for NVIDIA, Amazon, and Microsoft: There’s No Longer Enough Cash for AI

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the transaction, the chief executive officer owned 14,159 shares in the company, valued at $3,729,480.60. This represents a 52.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 31,352 shares of the company's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the sale, the chief executive officer directly owned 2,175,766 shares of the company's stock, valued at approximately $598,335,650. This trade represents a 1.42% 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 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $237.47 on Thursday. The company's 50 day moving average price is $255.43 and its two-hundred day moving average price is $233.97. Amazon.com, Inc. has a 12-month low of $196.00 and a 12-month high of $278.56. The firm has a market cap of $2.55 trillion, a PE ratio of 28.41, a PEG ratio of 1.84 and a beta of 1.44. 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 (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the prior year, the business posted $1.59 EPS. The business's revenue was up 16.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMZN. Barclays reiterated an "overweight" rating on shares of Amazon.com in a research note on Tuesday, June 9th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $315.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. DA Davidson upped their price target on shares of Amazon.com from $175.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, April 30th. Morgan Stanley upped their price target on shares of Amazon.com from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Finally, Canaccord Genuity Group upped their price target on shares of Amazon.com from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $312.78.

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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