Costello Asset Management INC Has $26.12 Million Stake in Amazon.com, Inc. $AMZN

Key Points

• Costello Asset Management increased its Amazon stake by 2.3% in the fourth quarter, bringing its holdings to 113,171 shares worth about $26.1 million. Amazon is now the fund’s largest position, making up roughly 8.6% of its portfolio.
• Wall Street sentiment remains broadly positive: several analysts recently raised price targets, and Amazon now has an average “Moderate Buy” rating with a consensus target price of $312.83.
• Amazon also posted a strong quarterly report, with EPS of $2.78 beating estimates and revenue of $181.52 billion topping forecasts, while revenue rose 16.6% year over year.

Costello Asset Management INC raised its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,171 shares of the e-commerce giant's stock after acquiring an additional 2,534 shares during the period. Amazon.com makes up about 8.6% of Costello Asset Management INC's investment portfolio, making the stock its largest position. Costello Asset Management INC's holdings in Amazon.com were worth $26,122,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital City Trust Co. FL boosted its stake in shares of Amazon.com by 1.1% during the 4th quarter. Capital City Trust Co. FL now owns 53,788 shares of the e-commerce giant's stock worth $12,415,000 after purchasing an additional 568 shares during the period. Lighthouse Financial Services Inc. ADV purchased a new stake in Amazon.com in the 4th quarter worth about $4,861,000. Pearl Planning LLC purchased a new stake in Amazon.com in the 4th quarter worth about $268,000. Indie Asset Partners LLC lifted its stake in Amazon.com by 29.8% in the fourth quarter. Indie Asset Partners LLC now owns 6,625 shares of the e-commerce giant's stock worth $1,529,000 after purchasing an additional 1,520 shares during the last quarter. Finally, BHK Investment Advisors LLC lifted its stake in Amazon.com by 1.9% in the fourth quarter. BHK Investment Advisors LLC now owns 6,987 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 130 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AMZN shares. Morgan Stanley upped their target price on Amazon.com from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $319.00 price objective on Amazon.com and gave the company a "buy" rating in a report on Thursday, April 30th. Evercore upped their price objective on Amazon.com from $285.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, April 30th. Piper Sandler reiterated an "overweight" rating and issued a $315.00 target price (up from $260.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, Moffett Nathanson boosted their target price on shares of Amazon.com from $283.00 to $288.00 and gave the company a "buy" rating in a research note on Tuesday, April 7th. Fifty-seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and an average price target of $312.83.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $270.64 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The stock has a market cap of $2.91 trillion, a price-to-earnings ratio of 32.37, a PEG ratio of 2.03 and a beta of 1.45. The firm's 50-day moving average is $245.38 and its two-hundred day moving average is $232.50. Amazon.com, Inc. has a 1 year low of $196.00 and a 1 year high of $278.56.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share 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 during the quarter, compared to analysts' expectations of $177.28 billion. During the same quarter in the prior year, the company earned $1.59 EPS. The company's revenue was up 16.6% compared to the same quarter last year. As a group, research analysts expect that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Trending Headlines about Amazon.com

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.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 31,352 shares of the company's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $275.00, for a total transaction of $8,621,800.00. Following the completion of the sale, the chief executive officer owned 2,175,766 shares in the company, valued at $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The transaction 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, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $7,562,500.00. Following the sale, the chief executive officer directly owned 471,361 shares in the company, valued at $129,624,275. This trade represents 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. Over the last ninety days, insiders sold 194,774 shares of company stock worth $51,348,244. 8.90% of the stock is currently owned by corporate insiders.

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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