Brighton Jones LLC Has $924.17 Million Stock Holdings in Amazon.com, Inc. $AMZN

Key Points

• Brighton Jones LLC increased its Amazon stake by 1.4% in the fourth quarter, ending with 4,003,861 shares valued at about $924.17 million. Amazon now makes up roughly 34.1% of the firm’s portfolio, its largest holding.
• Wall Street remains bullish on AMZN, with 56 analysts rating it a Buy and just three Hold ratings. The consensus price target is $313.09, and several firms recently raised their targets.
• Amazon’s recent earnings were strong, as the company reported $2.78 EPS versus $1.63 expected and revenue of $181.52 billion, topping estimates. The article also notes CEO share sales under pre-arranged plans and that institutional investors own 72.2% of the stock.

Brighton Jones LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,003,861 shares of the e-commerce giant's stock after acquiring an additional 55,074 shares during the period. Amazon.com comprises approximately 34.1% of Brighton Jones LLC's holdings, making the stock its largest position. Brighton Jones LLC's holdings in Amazon.com were worth $924,171,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMZN. Revolve Wealth Partners LLC grew its position in shares of Amazon.com by 4.1% during 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 acquiring an additional 986 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of Amazon.com by 2.8% during 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 in the last quarter. Highview Capital Management LLC DE lifted its stake in shares of Amazon.com by 5.5% during 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 in the last quarter. Liberty Square Wealth Partners LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at $2,153,000. Finally, Rhumbline Advisers lifted its stake in shares of Amazon.com by 0.6% during the 1st quarter. Rhumbline Advisers now owns 17,610,645 shares of the e-commerce giant's stock valued at $3,350,601,000 after buying an additional 98,512 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent analyst reports. Mizuho upped their price objective on Amazon.com from $315.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 28th. Pivotal Research reaffirmed a "buy" rating and issued a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Arete Research upped their price objective on Amazon.com from $285.00 to $301.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Monday, May 4th. Finally, UBS Group reaffirmed a "buy" rating and issued a $333.00 price objective (up from $304.00) on shares of Amazon.com in a research note on Wednesday, April 29th. Fifty-six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $313.09.

Insider Activity

In other news, CEO Andrew R. Jassy sold 31,352 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the firm'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 $7,562,500.00. Following the transaction, the chief executive officer directly owned 471,361 shares in the company, valued at approximately $129,624,275. This trade represents a 5.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 191,593 shares of company stock valued at $46,289,241. Company insiders own 8.90% of the company's stock.

Amazon.com Stock Down 0.0%

Shares of NASDAQ AMZN opened at $272.62 on Monday. The firm's 50-day moving average price is $227.55 and its 200-day moving average price is $228.72. 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 stock has a market capitalization of $2.93 trillion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 2.04 and a beta of 1.46. Amazon.com, Inc. has a 12-month low of $191.16 and a 12-month high of $278.56.

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, beating 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 period in the prior year, the company earned $1.59 EPS. The business's revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 7.72 EPS for the current fiscal year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Amazon’s latest earnings beat showed stronger-than-expected revenue and profits, while AWS growth and AI-related demand continue to support the long-term growth narrative. Amazon Over Spending on AI?
• Positive Sentiment: Amazon is opening its logistics network to outside customers through Amazon Supply Chain Services, creating a new revenue stream beyond retail and cloud. Amazon Bets Logistics Is the New Cloud
• Positive Sentiment: Amazon Pharmacy is expanding access to Novo Nordisk’s Ozempic pill through same-day delivery and kiosks, adding another growth angle in healthcare. Amazon to Carry Ozempic
• Positive Sentiment: Several analysts have raised price targets after the Q1 report, reflecting confidence that Amazon can keep compounding growth. Analyst Target Raises
• Neutral Sentiment: CEO Andy Jassy sold shares under a pre-arranged trading plan, which is notable but does not necessarily signal a change in fundamentals. Jassy Share Sale
• Neutral Sentiment: Some articles highlighted concerns about Amazon’s heavy AI and data-center spending, but investors appear willing to give the company time to convert that investment into future growth. Cash Burn Concern
• Negative Sentiment: An AWS cooling issue caused a brief outage that disrupted services at other platforms, reminding investors that cloud reliability remains a key risk for Amazon Web Services. AWS Outage

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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