Aurora Private Wealth Inc. Invests $3.05 Million in Amazon.com, Inc. $AMZN

Key Points

• Aurora Private Wealth Inc. opened a new position in Amazon, buying 13,229 shares worth about $3.05 million. Amazon now makes up roughly 2.0% of the firm’s holdings and is its 10th-largest position.
• Amazon’s latest quarterly results were strong, with earnings of $2.78 per share and revenue of $181.52 billion, both ahead of analyst expectations. Revenue rose 16.6% year over year, and the company also beat on profitability metrics.
• Wall Street remains broadly bullish on Amazon, with multiple firms raising price targets and analysts giving the stock a Moderate Buy consensus. The average target price is $312.66, while 57 analysts rate it a Buy versus just three Hold ratings.

Aurora Private Wealth Inc. acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,229 shares of the e-commerce giant's stock, valued at approximately $3,054,000. Amazon.com accounts for approximately 2.0% of Aurora Private Wealth Inc.'s holdings, making the stock its 10th biggest holding.

Several other large investors also recently modified their holdings of AMZN. Lifelong Wealth Advisors Inc. boosted its stake in Amazon.com by 2.4% during the fourth quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant's stock worth $402,000 after acquiring an additional 41 shares in the last quarter. Financial Connections Group Inc. boosted its stake in Amazon.com by 2.6% during the fourth quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant's stock worth $376,000 after acquiring an additional 42 shares in the last quarter. Marquette Asset Management LLC boosted its stake 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 in the last quarter. Western Financial Corp CA boosted its stake 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 worth $710,000 after acquiring an additional 44 shares in the last quarter. Finally, Cadence Wealth Management LLC boosted its stake in Amazon.com by 3.5% during the third quarter. Cadence Wealth Management LLC now owns 1,328 shares of the e-commerce giant's stock worth $292,000 after acquiring an additional 45 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com News Summary

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

• Positive Sentiment: Multiple recent articles argue Amazon is one of the best growth stocks to own, highlighting accelerating business momentum, strong sales growth, and the company’s ability to keep compounding over time. Article Title
• Positive Sentiment: Bank of America reiterated a Buy rating after Amazon’s Alexa for Shopping debut, suggesting the new AI-powered shopping feature could become a major commerce platform and add meaningful long-term revenue. Article Title
• Positive Sentiment: Investor commentary is focusing on AI momentum, AWS re-acceleration, and strong ad and subscription growth, with technical traders also noting supportive chart action and call buying near support. Article Title
• Positive Sentiment: Amazon’s heavy spending on AI infrastructure is being framed as a long-term catalyst, with investors betting the company’s scale in data centers and cloud could strengthen its competitive edge. Article Title

Analyst Ratings Changes

Several brokerages recently issued reports on AMZN. Citigroup reissued a "buy" rating and set a $325.00 target price (up from $285.00) on shares of Amazon.com in a research note on Thursday, April 30th. Citizens Jmp reissued a "market outperform" rating and set a $315.00 target price on shares of Amazon.com in a research note on Friday, April 10th. Telsey Advisory Group increased their target price on shares of Amazon.com from $300.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. Rosenblatt Securities increased their target price on shares of Amazon.com from $296.00 to $332.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Finally, DZ Bank increased their target price on shares of Amazon.com from $295.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $312.66.

Amazon.com Price Performance

Amazon.com stock opened at $266.32 on Tuesday. Amazon.com, Inc. has a 1-year low of $196.00 and a 1-year high of $278.56. The firm has a market capitalization of $2.86 trillion, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 1.99 and a beta of 1.46. The firm's fifty day moving average price is $240.63 and its two-hundred day moving average price is $231.82. 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 (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm earned $1.59 earnings per share. On average, equities research analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 31,352 shares of the 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 completion of the sale, the chief executive officer owned 2,175,766 shares in the company, valued at $598,335,650. This represents a 1.42% decrease in their ownership of the stock. 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 Douglas J. Herrington sold 3,742 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $262.59, for a total transaction of $982,611.78. Following the completion of the sale, the chief executive officer owned 476,972 shares of the company's stock, valued at approximately $125,248,077.48. This represents a 0.78% 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 three months, insiders have sold 136,124 shares of company stock worth $35,801,387. 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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