CFO Capital Management LLC Purchases Shares of 23,094 Amazon.com, Inc. $AMZN

Key Points

• CFO Capital Management LLC opened a new position in Amazon during the fourth quarter, buying 23,094 shares valued at about $5.33 million. Amazon now makes up 4.0% of the firm’s portfolio and is its third-largest holding.
• Wall Street sentiment on Amazon remains very positive, with multiple analysts reiterating Buy/Outperform ratings and an average price target of about $312.78. Overall, 57 analysts rate the stock a Buy and just three rate it Hold.
• Amazon recently posted strong quarterly results, with EPS of $2.78 versus expectations of $1.63 and revenue of $181.52 billion, topping forecasts. However, insiders have also been selling shares, including CEO Matthew S. Garman and SVP David Zapolsky.

CFO Capital Management LLC purchased a new position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 23,094 shares of the e-commerce giant's stock, valued at approximately $5,331,000. Amazon.com comprises 4.0% of CFO Capital Management LLC's investment portfolio, making the stock its 3rd largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MilWealth Group LLC lifted its position in Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock worth $41,000 after purchasing an additional 79 shares during the period. Elkhorn Partners Limited Partnership increased its holdings in Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock valued at $46,000 after buying an additional 180 shares during the period. Fairway Wealth LLC raised its stake in shares of Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant's stock valued at $51,000 after buying an additional 108 shares in the last quarter. Prudent Man Investment Management Inc. raised its stake in shares of Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant's stock valued at $53,000 after buying an additional 107 shares in the last quarter. Finally, Bridge Generations Wealth Management LLC lifted its holdings in shares of Amazon.com by 2,330.0% during the 3rd quarter. Bridge Generations Wealth Management LLC now owns 243 shares of the e-commerce giant's stock worth $53,000 after acquiring an additional 233 shares during the period. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on AMZN shares. Rosenblatt Securities lifted their target price on shares of Amazon.com from $296.00 to $332.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Citizens Jmp reiterated a "market outperform" rating and issued a $315.00 price objective on shares of Amazon.com in a research note on Friday, April 10th. William Blair reissued an "outperform" rating on shares of Amazon.com in a report on Thursday, April 9th. Stifel Nicolaus set a $319.00 price target on Amazon.com and gave the company a "buy" rating in a research note on Thursday, April 30th. Finally, Scotiabank reiterated an "outperform" rating and issued a $325.00 price target (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $312.78.

Insider Activity at Amazon.com

In related news, CEO Matthew S. Garman sold 15,467 shares of the company's stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the sale, the senior vice president directly owned 41,190 shares in the company, valued at approximately $11,060,750.70. This represents a 18.37% decrease in their position. 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 195,774 shares of company stock worth $51,614,434 in the last 90 days. Corporate insiders own 8.90% of the company's stock.

Amazon.com Price Performance

Shares of AMZN opened at $244.39 on Monday. The company has a market capitalization of $2.63 trillion, a P/E ratio of 29.23, a PEG ratio of 1.83 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. Amazon.com, Inc. has a one year low of $196.00 and a one year high of $278.56. The business's 50 day simple moving average is $256.51 and its 200-day simple moving average is $234.12.

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 analysts' consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm had revenue of $181.52 billion during the quarter, compared to analysts' expectations of $177.28 billion. During the same period last year, the firm posted $1.59 EPS. The business's revenue was up 16.6% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Key Amazon.com News

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

• Positive Sentiment: Analysts are increasingly bullish on Amazon’s AI and cloud positioning, with multiple firms reiterating Buy ratings and highlighting AWS as a long-term growth driver. Brian Pitz Reiterates Amazon as Top Pick, Maintains Buy Rating and $355 Price Target on Strengthening AI and Cloud Positioning
• Positive Sentiment: Amazon is reportedly exploring sales of its Trainium AI chips to external data center customers, which could open a new revenue stream and deepen its challenge to Nvidia. Amazon exploring selling its custom AI chips to data center customers
• Positive Sentiment: Prime Day is approaching, and Bank of America expects the event to drive strong sales while boosting adoption of Amazon’s AI shopping tools, including Alexa for Shopping. Bank of America Lays Out Expectations Ahead of Amazon Stock’s Prime Day
• Positive Sentiment: Amazon is investing more than €10 billion to expand its European fulfillment network, signaling continued support for e-commerce capacity and logistics efficiency. Amazon Commits €10 Billion for European fulfillment network
• Neutral Sentiment: Amazon is facing EU scrutiny over whether AWS should be classified as a “gatekeeper” under the Digital Markets Act, which could increase regulatory oversight for the cloud unit. Microsoft and Amazon Face EU Digital Markets Act Scrutiny Over Cloud Dominance
• Neutral Sentiment: Amazon MGM Studios dropped the nearly finished OpenAI film “Artificial” after the companies’ broader partnership shift, a move with limited direct financial impact but notable signaling value. Luca Guadagnino’s Sam Altman, OpenAI Film ‘Artificial’ Dropped by Amazon MGM Studios
• Negative Sentiment: Amazon is also dealing with employee and public scrutiny over AI data center expansion and labor practices, which could add regulatory and reputational pressure. Amazon investigating engineers who criticized AI data center expansion

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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