Coatue Management LLC Reduces Position in Amazon.com, Inc. $AMZN

Key Points

• Coatue Management trimmed its Amazon stake by 13.9% in Q3, selling 1,414,529 shares to hold 8,743,095 shares (about 0.08% of Amazon) worth roughly $1.92 billion, with AMZN making up ~4.7% of Coatue’s portfolio (its 5th largest position).
• Analysts remain largely positive: MarketBeat shows a consensus rating of Moderate Buy with a consensus target of about $286.93 and the majority of sell‑side firms maintaining Buy ratings.
• Amazon’s recent results and news are mixed—Q earnings slightly missed (EPS $1.95 vs. $1.97) while revenue rose 13.6% to $213.39B; near‑term positives include an AWS–Cerebras AI partnership and Prime Video price hikes, offset by a large debt raise for AI/capex and ongoing European/Italian legal/tax risks.

Coatue Management LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 13.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,743,095 shares of the e-commerce giant's stock after selling 1,414,529 shares during the period. Amazon.com accounts for approximately 4.7% of Coatue Management LLC's holdings, making the stock its 5th biggest position. Coatue Management LLC owned about 0.08% of Amazon.com worth $1,919,721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Amazon.com by 10.9% during the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock worth $885,478,000 after purchasing an additional 397,007 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in 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 purchasing an additional 986 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Amazon.com by 2.8% in 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 during the last quarter. Highview Capital Management LLC DE increased its position in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant's stock worth $6,357,000 after buying an additional 1,518 shares during the period. Finally, Liberty Square Wealth Partners LLC bought a new position in Amazon.com in the 4th quarter worth approximately $2,153,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Oppenheimer set a $260.00 price objective on Amazon.com and gave the company an "outperform" rating in a research report on Friday, February 6th. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Amazon.com in a research note on Friday, February 6th. Daiwa Securities Group decreased their price target on shares of Amazon.com from $300.00 to $280.00 and set a "buy" rating on the stock in a research report on Wednesday, February 11th. Roth Mkm restated a "buy" rating and set a $295.00 price objective (up from $270.00) on shares of Amazon.com in a report on Monday, January 26th. Finally, Truist Financial cut their price objective on shares of Amazon.com from $290.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $286.93.

Amazon.com Price Performance

Amazon.com stock opened at $207.67 on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The company has a market capitalization of $2.23 trillion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.40. Amazon.com, Inc. has a one year low of $161.38 and a one year high of $258.60. The business has a 50 day simple moving average of $222.93 and a 200 day simple moving average of $226.67.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts' consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company had revenue of $213.39 billion during the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter last year, the company earned $1.86 earnings per share. The business's revenue was up 13.6% on a year-over-year basis. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 1,000 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $204.25, for a total value of $204,250.00. Following the sale, the chief executive officer owned 521,361 shares of the company's stock, valued at approximately $106,487,984.25. This represents a 0.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the sale, the chief executive officer owned 2,238,118 shares of the company's stock, valued at $459,217,051.24. This trade represents a 0.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 71,686 shares of company stock worth $14,688,739 in the last three months. Company insiders own 10.80% of the company's stock.

Amazon.com News Summary

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

• Positive Sentiment: AWS partners with Cerebras to speed AI inference, which could improve Bedrock performance, lower customer costs and help AWS compete vs. Nvidia — a potential long‑term revenue/margin positive for Amazon’s cloud business. Cerebras Systems, Amazon strike deal to offer Cerebras AI chips on Amazon's cloud
• Positive Sentiment: Amazon splits out a paid "Ultra" Prime Video tier and hikes the ad‑free price — a direct, near‑term revenue boost from higher subscription ARPU that supports monetization of Prime streaming. Amazon to hike price of ad-free Prime Video tier by $2 a month
• Positive Sentiment: Luxembourg court vacated a record €746M privacy fine and ordered a reassessment, removing a large regulatory overhang for Amazon in Europe. Win for Amazon as Luxembourg court scraps record $854 million privacy fine
• Positive Sentiment: Wall Street remains constructive: analysts have reiterated buys and some raised price targets (e.g., Wolfe/Evercore), which can support the stock amid the pullback narrative. Amazon Is Rising While the Market Falls—Here’s Why
• Neutral Sentiment: Amazon is reportedly moving Prime Day earlier to late June — timing and promotional cadence can affect quarterly sales mix but is not a clear positive/negative until details and vendor economics are known. Amazon plans to move Prime Day event to June from July, Bloomberg News reports
• Negative Sentiment: Amazon closed a massive multi‑tranche corporate debt offering to fund its AI/capex push — strong demand reported ~4: 1 bids eases short‑term funding risk but the large debt target and $200B+ capex plan keep investor concerns about near‑term returns and balance‑sheet risk elevated. Amazon Completes Massive Multi-Tranche Corporate Debt Offering
• Negative Sentiment: Legal/tax risk persists: Milan prosecutors have sought trial for Amazon's European unit and four execs over alleged €1.2B tax evasion — an ongoing legal exposure that could concern investors. Exclusive: Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 bln tax evasion

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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