Benjamin Edwards Inc. Buys 8,407 Shares of Amazon.com, Inc. $AMZN

Key Points

• Benjamin Edwards Inc. increased its Amazon stake by 2.9% in the fourth quarter, buying 8,407 more shares and bringing its total holding to 298,628 shares worth about $68.9 million.
• Institutional ownership of Amazon remains very high, with several large funds also adding to positions and roughly 72.2% of the stock now held by institutions.
• Amazon continues to show strong operational momentum, recently beating earnings and revenue estimates, while analysts remain broadly constructive with 57 Buy ratings and an average target price of $312.66.

Benjamin Edwards Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 298,628 shares of the e-commerce giant's stock after buying an additional 8,407 shares during the period. Amazon.com accounts for 0.8% of Benjamin Edwards Inc.'s portfolio, making the stock its 22nd biggest holding. Benjamin Edwards Inc.'s holdings in Amazon.com were worth $68,929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Amazon.com in the second quarter worth approximately $27,438,011,000. Nuveen LLC purchased a new stake in shares of Amazon.com in the first quarter worth $11,674,091,000. Laurel Wealth Advisors LLC raised its position in shares of Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant's stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Amazon.com by 21.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 57,908,424 shares of the e-commerce giant's stock valued at $11,017,657,000 after purchasing an additional 10,176,835 shares during the period. Finally, Capital Research Global Investors lifted its stake in shares of Amazon.com by 11.3% during the 3rd quarter. Capital Research Global Investors now owns 94,284,962 shares of the e-commerce giant's stock valued at $20,702,362,000 after buying an additional 9,583,217 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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

Amazon.com Price Performance

NASDAQ:AMZN opened at $266.32 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $2.86 trillion, a P/E ratio of 31.86, a P/E/G ratio of 1.99 and a beta of 1.46. Amazon.com, Inc. has a 12 month low of $196.00 and a 12 month high of $278.56. The business's 50-day moving average is $240.63 and its 200 day moving average is $231.82.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly 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. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. During the same quarter last year, the business posted $1.59 EPS. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. DA Davidson increased their price target on Amazon.com from $175.00 to $250.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Barclays restated an "overweight" rating and issued a $330.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Robert W. Baird upped their price objective on Amazon.com from $285.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, April 30th. TD Securities upgraded Amazon.com to a "buy" rating in a research report on Monday, April 13th. Finally, Benchmark lifted their target price on Amazon.com from $275.00 to $370.00 and gave the company a "buy" rating in a research note on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $312.66.

Insider Transactions at Amazon.com

In related news, Director Jonathan Rubinstein sold 3,849 shares of the business's stock in a transaction on 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 sale, the director owned 78,654 shares in the company, valued at approximately $20,450,040. The trade was a 4.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the company's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the sale, the chief executive officer directly owned 471,361 shares in the company, valued at approximately $129,624,275. The trade was a 5.51% 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. Insiders have sold a total of 136,124 shares of company stock valued at $35,801,387 over the last quarter. 8.90% of the stock is owned by insiders.

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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