Bluebird Wealth Management LLC Invests $3.22 Million in Amazon.com, Inc. $AMZN

Key Points

• Bluebird Wealth Management opened a new position in Amazon during the fourth quarter, buying 13,960 shares valued at about $3.22 million. Amazon now represents roughly 3% of the firm’s portfolio and is its fifth-largest holding.
• Institutional ownership of Amazon remains very high at 72.2%, with major funds like Vanguard, State Street, and Geode all adding to their positions. This suggests continued broad support from large investors.
• Analysts remain bullish on AMZN, with several firms raising price targets and the stock carrying an average Moderate Buy rating. Amazon also beat quarterly earnings and revenue estimates, helped by strong growth in AWS and AI-related momentum.

Bluebird Wealth Management LLC acquired a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,960 shares of the e-commerce giant's stock, valued at approximately $3,222,000. Amazon.com makes up about 3.0% of Bluebird Wealth Management LLC's investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in AMZN. Vanguard Group Inc. lifted its position in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares in the last quarter. State Street Corp lifted its position in Amazon.com by 2.0% in the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant's stock valued at $83,805,794,000 after acquiring an additional 7,584,156 shares in the last quarter. Geode Capital Management LLC lifted its position in Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock valued at $47,332,625,000 after acquiring an additional 3,721,658 shares in the last quarter. Norges Bank bought a new position in Amazon.com in the 2nd quarter valued at about $27,438,011,000. Finally, Northern Trust Corp lifted its position in Amazon.com by 0.3% in the 1st quarter. Northern Trust Corp now owns 97,379,134 shares of the e-commerce giant's stock valued at $18,527,354,000 after acquiring an additional 302,858 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com News Roundup

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

• Positive Sentiment: Truist raised its price target on Amazon and reiterated a buy rating, signaling confidence that the stock still has room to climb from current levels.
• Positive Sentiment: Amazon’s investment in Anthropic is drawing attention after the AI startup’s valuation surged, with several reports noting that Amazon benefits as Anthropic grows and that the relationship could become an increasingly valuable long-term asset for AWS.
• Positive Sentiment: Snowflake’s $6 billion AWS commitment and strong earnings have highlighted continued enterprise demand for Amazon Web Services, supporting the view that Amazon’s cloud business remains a key growth engine.
• Positive Sentiment: Multiple stories emphasized Amazon’s AI momentum, including AWS’s fastest growth in 15 quarters and plans to expand Bedrock with more advanced model offerings, reinforcing expectations that AI will keep driving revenue and margin expansion.
• Positive Sentiment: Prominent investors and commentators, including Cathie Wood and Jim Cramer, were cited as bullish on Amazon, which can help sentiment around the stock. Article: Jim Cramer Explains One of the Reasons “Amazon Stock Has Been Going Ever Higher”
• Neutral Sentiment: Amazon shut down an internal AI leaderboard after employees exaggerated usage scores, a sign the company is trying to control AI spending and improve discipline rather than a direct business setback. Article: Amazon says it shut down a token leaderboard: 'Don't use AI just to use AI'
• Neutral Sentiment: Coverage around Amazon nearing the $3 trillion market-cap milestone and outperforming since earnings is supportive, but it mostly reflects momentum already built into the stock rather than a new catalyst.
• Negative Sentiment: Australia’s competition regulator sued Amazon’s local unit over children’s backpacks lacking required battery warning labels, adding a regulatory overhang.
• Negative Sentiment: Blue Origin’s rocket explosion created a negative headline for Jeff Bezos’s broader empire, though the direct impact on Amazon is limited.
• Negative Sentiment: Some commentary also raised concerns about rising AI capital spending and margin pressure, which could matter if Amazon’s infrastructure buildout accelerates faster than monetization.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AMZN shares. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a "buy" rating in a research report on Thursday, April 30th. TD Cowen reaffirmed a "buy" rating and issued a $350.00 price target on shares of Amazon.com in a research report on Tuesday, May 12th. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $280.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Morgan Stanley raised their price target on shares of Amazon.com from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Finally, Phillip Securities raised shares of Amazon.com from a "moderate buy" rating to a "buy" rating and set a $280.00 price target on the stock in a research report on Wednesday, May 13th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $312.83.

Amazon.com Price Performance

Amazon.com stock opened at $270.64 on Friday. Amazon.com, Inc. has a 52 week low of $196.00 and a 52 week high of $278.56. The company's 50 day moving average price is $245.38 and its two-hundred day moving average price is $232.61. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.91 trillion, a P/E ratio of 32.37, a P/E/G ratio of 2.05 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted 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. 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 analysts' expectations of $177.28 billion. During the same quarter last year, the firm earned $1.59 EPS. The company's quarterly revenue was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the sale, the chief executive officer owned 2,205,766 shares of the company's stock, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $262.38, for a total transaction of $620,003.94. Following the transaction, the vice president owned 119,780 shares of the company's stock, valued at $31,427,876.40. This trade represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 195,774 shares of company stock worth $51,552,494 in the last three months. Insiders own 8.90% of the company's stock.

Amazon.com Company 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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